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Which group uses accounting information to determine whether the company may pay its obligations?
creditors
What are the basic elements of accounting and their meaning?
The basic elements of accounting are assets liabilities and capital and they all have meaning. Assets are the resources that a company owns and utilizes for the business. Liabilities are simply obligations or debts that the company owes. Capital on the other hand is the money that is invested in the business in order to generate revenue.
Where is the information needed to determine whether a company is using accounting methods similar to those of its competitors?
auditor's report
Who is primary user of management accounting information are?
Management and directors will use them to determine how well the company is doing and where to go from there.
What type of services does the company Trust Accounting offer?
The company Trust Accounting does not exist. Trust accounting is a term describing a certain type of accounting. There is special software that will aid in the trust accounting process.
Which group uses accounting information to determine whether the company may pay its obligations?
creditors
Can you explain what liabilities mean in terms of financial accounting?
Liabilities in financial accounting refer to the obligations or debts that a company owes to external parties. These can include loans, accounts payable, and other financial obligations that the company is required to fulfill. Liabilities are recorded on the balance sheet and represent the company's financial responsibilities that must be settled in the future.
What are the 3 factors that determine a company's price-earnings ratio?
the accounting method used
How can one determine the total liabilities on a balance sheet?
To determine the total liabilities on a balance sheet, you add up all the debts and obligations that a company owes to others, such as loans, accounts payable, and accrued expenses. This total amount represents the company's financial obligations that need to be paid in the future.
What are the basic elements of accounting and their meaning?
The basic elements of accounting are assets liabilities and capital and they all have meaning. Assets are the resources that a company owns and utilizes for the business. Liabilities are simply obligations or debts that the company owes. Capital on the other hand is the money that is invested in the business in order to generate revenue.
Who is primary user of management accounting information are?
Management and directors will use them to determine how well the company is doing and where to go from there.
Where is the information needed to determine whether a company is using accounting methods similar to those of its competitors?
auditor's report
How can one determine the current ratio in accounting?
The current ratio in accounting can be determined by dividing a company's current assets by its current liabilities. This ratio helps assess a company's ability to cover its short-term debts with its current assets.
What can you learn about financial accounting?
In terms of insurance companies, financial accounting helps monitor and determine the insurance status of their clients and manage their financial data that the current insurance company has on about their client.
How to create new accounting system for a company in visual basic?
If you are going to create a new accounting system for a company, you will first need to determine the needs of the company. If ?æyou plan to use visual basic, you should make sure there are others within the building who are familiar with the program.
How can you use statics in accounting?
Statistics are used in auditing. Auditing a large company with millions of transactions would be impossible. So auditors pull a statistical sample to determine if accounting records are correct.
Why would a company need a survey of accounting?
A company need a survey of accounting to qualify their own rating. Rating is a classification of someone or something based on the quality. Through the rating, the company actually will determine which is all the features and proves that they should make to improve their own quality to have more consumers.
