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The difference between profit making accounting and not for profit making accounting is, that question should answer itself! 8^0
accounting for healthcare organizations in not-for-profit ,tend to differ from accounting in other industries.
Cash accounting and accrual accounting are two methods of accounting in cash accounting system all expenses and revenues are recorded when actual cash is paid or received while in accrual profit and loss statement, revenues and expenses are recorded when they are actually occurred and timing of receipt and payment of cash is not important.
cost accounting advantage & disadvantage
When running a business it may be a wise idea to purchase profit accounting software. Sites such as Serenic and the SageOne website offer accounting software suitable for all business accounting needs.
The difference between profit making accounting and not for profit making accounting is, that question should answer itself! 8^0
No economic profit is not always less than accounting profit; However, if accounting profit is less than economic profit the business would exit the industry.
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information technology in accounting, what is its advantage and its disadvantage
accounting for healthcare organizations in not-for-profit ,tend to differ from accounting in other industries.
Here are the key benefits of computerized accounting: Accuracy – Reduces human errors in calculations and data entry. Speed – Processes financial data quickly, saving time. Real-time Information – Provides up-to-date financial reports anytime. Cost-Effective – Minimizes manual work and reduces administrative costs. Easy Data Retrieval – Simplifies access to past records and transactions. Better Decision-Making – Offers detailed reports for informed business planning. Security – Protects data with backups and access controls.
The concept of competitive advantage is as important for non-profit organizations as it is for profit organization?
1. Tax is a deductable item from accounting profit as tax is calculated on profit before tax amount to reach at profit after tax account which is also the net profit available for distribution to share holders of company.
Cash accounting and accrual accounting are two methods of accounting in cash accounting system all expenses and revenues are recorded when actual cash is paid or received while in accrual profit and loss statement, revenues and expenses are recorded when they are actually occurred and timing of receipt and payment of cash is not important.
Profit that is made by superb accounting. By using the accounting trade, money is saved that would have been lost without it. However I am supposed to reach 150 characters.
cost accounting advantage & disadvantage
as simple as that to know the net profit or loss from business in an accounting period. for more about financial accounting visit indianaccounting.blogspot.com