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Why does balance sheet balance?
balance sheet get balance due to the accounting principle Dual aspect. In it each and every transaction has debit and credit having equal amount. Debit the gains is equal to the Credit the losses. one of the gain is acquired then, there must be any losses. due to this principle it's getting balance.
What accounting assumption or principle is being violated if a company reports its corporate headquarters building at its fair value on the balance sheet?
historical cost
What is wrong with the statement george next weighed the rock on a balance?
The statement "George next weighed the rock on a balance" is somewhat vague because it does not specify what type of balance is being used (e.g., a beam balance or a digital scale). Additionally, it might imply that the rock was weighed immediately after a previous action without providing context, which can lead to confusion. For clarity, it would be better to specify the method of weighing and the sequence of events leading up to it.
Why does the bank statement have to be reconciled with the bank balance in the cash book?
This is mainly done when your cashbook balance doesn't match with the statement balance. But some companiess also follow the principle for security sake. Also, if you are well aquainted with accounts, you would find that there are many mistakes even after which you may have the same balances in both the books. like there may be an error in bith the books of the same amount etc.
What are the Errors that effect a trial balance?
Errors of Omission Errors of Commission Reversal of Entries Errors of Principle Errors of Original Entry Compensating Error these errors can be fount by a trial balance Wrong Casting Posting to the Wrong Side Posting Wrong Amounts Double Posting in a Single Account Errors of Totalling and Balancing of Accounts in the Ledger
What is the working principle of digital computer?
De Mogan's Principle
Difference between triple beam balance and digital balance?
A triple beam balance uses a set of three beams to determine Weight.A digital balance uses (generally) a strain gauge system to determine the Mass of a substance.
What is the working principle of digital control system?
nothing
Which principle of the design is concerned with the even distribution of visual weight?
The principle of balance is concerned with the even distribution of visual weight in a design. Balance can be achieved through symmetrical or asymmetrical arrangements of elements in a composition to create harmony and stability.
What principle does a operation of digital computer based on?
Counting, using the binary system. Logic 1 and 0 representing electric current on and off.
What is the difference between a digital balance and a triple beam balance?
A digital balance provides a direct digital readout of mass, typically to higher precision than a triple beam balance. A triple beam balance, on the other hand, uses three sliding weight beams and a pointer to measure mass manually by balancing weights. Triple beam balances are often used in educational settings.
Function of Digital balance?
al dionysus amihan
What is the multimix principle?
The multimix principle is a guideline for combining foods from complementary food groups to assure nutritional balance.
What do you use to measure the mass of things?
You should use a top pan balance or a digital balance.
Why does balance sheet balance?
balance sheet get balance due to the accounting principle Dual aspect. In it each and every transaction has debit and credit having equal amount. Debit the gains is equal to the Credit the losses. one of the gain is acquired then, there must be any losses. due to this principle it's getting balance.
Why do principle and interest varies over time?
The answer is called amortization. In a typical loan payment, interest is calculated based on the outstanding principle balance. When the periodic payment remains constant the amount of that payment allocated to interest declines as the principle balance is reduced.
What is working principle of inverter welding machine?
Digital Control of welding when welding
