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What accounting problem arises if an Internal service fund is operated at a significant loss?
If the internal service fund has positive operating income, expenditures reported in the general fund exceed the true cost of operating the government. If it is negative, the general fund understates the true cost of operating the government and net assets are effectively shifted from the internal service fund to the fund balance of the general fund.
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What is the major problem in cost accounting?
The major problem in cost accounting is allocation of common and joint costs to individual products.
What are problems in accounting?
Most of the people do not know the rules of Debit and Credit. That is the main problem in accounting.
What is the answer to comprehensive problem1 the accounting cycle?
There is not a way to give you the answer to the comprehensive problem one on accounting cycle. You will have to study to answer this question.
What is the Answers to Accounting Cycle Review Problem A?
i need help
Invested 1500 into business plus supply value 500. what is the accounting journal entry for this problem?
Invested $1500 to start the business plus supply value $500. what is the accounting journal entry for this problem?
What is the major problem in cost accounting?
The major problem in cost accounting is allocation of common and joint costs to individual products.
What are problems in accounting?
Most of the people do not know the rules of Debit and Credit. That is the main problem in accounting.
What is the answer to comprehensive problem1 the accounting cycle?
There is not a way to give you the answer to the comprehensive problem one on accounting cycle. You will have to study to answer this question.
Why does your chrysler only start with the cam sensor out?
Possible internal timing system problem.Possible internal timing system problem.
What is the Answers to Accounting Cycle Review Problem A?
i need help
Invested 1500 into business plus supply value 500. what is the accounting journal entry for this problem?
Invested $1500 to start the business plus supply value $500. what is the accounting journal entry for this problem?
What does an internal problem mean?
problems on the inside
What are the problems cause by accounting diversity?
Assist companies entering the Norwegian market The problem with the diversification of accounting by multinational companies is that this will lead to many companies not being able to find ways of appropriating the inflation rate as most will be using different methods.
What has the author James J Benjamin written?
James J. Benjamin has written: 'Principles of Accounting/Study Guide' 'Practice problem I for use with intermediate accounting' -- subject(s): Bookkeeping, Problems, exercises, Small business 'Accounting flows and disclosures' -- subject(s): Accounting, Cash flow, Disclosure in accounting 'Financial accounting' -- subject(s): Accounting 'Study guide for Financial accounting'
What is internal assessment?
A business internal assessment is when you choose a company, find a problem, state the problem in the state of a question, do a lot of research and bring together data on how the business can over come its problem. This Internal Assessment in mainly given in IB and costs you 25% of your grade.
Advantages of computerised accounting?
it help in speedy work it help to solve problem quickly then manual it help- in solving in problem
How do you get help with solving accounting problems?
The answer depends on what is the underlying problem. Is the accounting problem an academic problem that one has been given as part of studies in an accounting course or is the problem a real one for a business owner/representative? In the first situation, where the accounting problem is part of some academic problem set/homework, one should look at the materials that are associated with the question including any class notes, presentations and other handouts. These materials may show how a problem is solved or give similar examples that will help an individual answer the question. One may also look at the textbook assigned to the course to find the specific accounting practice/concept that is represented by the question in the problem set/homework. The next step would be to go to friends or classmates that may understand the concepts better in order for them to help you better grasp the accounting principles represented by the question in your problem set/homework. Finally, one should always be able to contact the teacher/professor in order to help get through the tough parts of the accounting concepts that are at play in the question. For the second situation, where the accounting problem is part of a real-life business issue as managed by the owner or a representative, going to the corporate accountant is always the best place to start. IF the concept is one that the corporate accountant is unable to help with, securing or retaining outside accounting support is a respected and understood practice.
