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Q: What are the Advantages of principle s based accounting?
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Continue Learning about Accounting

Can a high school science graduate make a college do over and go into accounting?

Yes,you can switch on to accounting even you have science background. You will need to understand the basic concepts of accounting because the whole accounting is based on it`s concepts and principles,they should be learnt properly for performing accounting.


What is accounting entity assumption?

A business enterprise (entity) has an existence separate from the private financial affairs of its owner/s. The accounting records of the business are separate from the personal financial records of the owner


What are the criticisms of traditional management accounting?

Only direct costs can be directly attributed to the funding agencies and their causes. The management accounting as a tool of the accountancy donå«t form the companyå«s production process in terms of value


Where can one learn about accounting online?

For lessons about business and accounting, there are several companies that exist that teach people, either online or at a designated place/area, about the course(s) chosen. Depending on the company or organisation chosen, and how indepth the training is, that also will affect the price of such tutoring. Online accounting training/lessons can either cost or be free.


Why is revenue not cash in accrual accounting?

In accrual accounting not always all sales are made on cash basis that's why sales are shown when sales are made and not when actual cash received that;s why cash is not shown b'coz all cash is not received at the time of sales.

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What inventions was based on Bernoulli s principle?

Aeroplanes flying on bernoulli principle because when there is a decrease in pressure, velocity increases


What do the letters s a g e stand for in accounting?

They stand for nothing. However, there is a UK based accounting software package called Sage. Is this the context of your question?


Can a high school science graduate make a college do over and go into accounting?

Yes,you can switch on to accounting even you have science background. You will need to understand the basic concepts of accounting because the whole accounting is based on it`s concepts and principles,they should be learnt properly for performing accounting.


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