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What relationship is there between the accounting equation and the balance sheet?
The relationship between the accounting equation and the balance sheet is the NET PROFIT. ( I THINK :/ )
What is the difference between accounting balance sheet and economic balance sheet?
Straight from my text, the difference is that an accounting balance sheet omits significant assets and liabilities and the accounting balance sheet does not report all assets and liabilities at their market value (the accounting balance sheet records a book value; ie the dollar value paid for an item). With respect to which assets and liabilities that are omitted, I am not sure.
What is the focal point of the accounting cycle?
focal point of accounting cycle
Is the work sheet is not considered a part of the formal accounting records?
True
What is the inventory system in accounting?
Inventory system is more likely recorded in the Balance Sheet section in accounting. It will not be at the Profit and Loss section.
What relationship is there between the accounting equation and the balance sheet?
The relationship between the accounting equation and the balance sheet is the NET PROFIT. ( I THINK :/ )
What is the difference between accounting balance sheet and economic balance sheet?
Straight from my text, the difference is that an accounting balance sheet omits significant assets and liabilities and the accounting balance sheet does not report all assets and liabilities at their market value (the accounting balance sheet records a book value; ie the dollar value paid for an item). With respect to which assets and liabilities that are omitted, I am not sure.
Where would prepaid accounts goes in a accounting sheet?
in assets side of the balance sheet
What is the price of lead sheet?
US $ 10 - 50 / Square Meter 1.lead sheet 2.lead rubber sheet 3.x ray accessories 4.CE Lead foil sheet or rolled lead sheet Lead sheet is a radiation protection material. It is made of raw material with high level of lead content (99.99%). This is my website,
Value to be gained from a Balance Sheet?
In accounting there is much value to be gained from using a balance sheet. a balance sheet provides an added account to expenditures and profits which are accumulated by a company. It also allowed for easier accounting practices within the business.
What is the name of the protective coating that forms on sheet lead?
The protective coating that forms on sheet lead is called lead oxide.
What is the focal point of the accounting cycle?
focal point of accounting cycle
What is the key product of accounting?
financial statements spreadsheets work sheet
Is the work sheet is not considered a part of the formal accounting records?
True
What financial statement is directly based on the accounting equation?
Balance sheet
What is the inventory system in accounting?
Inventory system is more likely recorded in the Balance Sheet section in accounting. It will not be at the Profit and Loss section.
Which financial statement that reports accounting data at a specific date is the?
Balance Sheet
