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What are the problems arise from accounting matching principle?
Its not easy match it with the bad debts and the discount allowed if there are provisions made during the period that relate to the period under review.
What accounting issues arise for a company as a result of engaging in international trade?
answer
What do you mean by deferred taxes?
A deffered tax is is used in accounting to reduce a periods income tax.Ê It can arise dueÊto a net loss which can only then be recorded as an assest if the asssest will be used in teh future.
How do cash flow problems arise?
cash flow problem arise due to internal and external factors.internal factorsinternal factors relate to plicies of management relating to working capital components and future growth plan.1.producton related policies.
What accounting problems arise if an internal service fund is operated at a significant profit?
Additional problems arise if the internal service fund has significant positive (or negative) operating income. Operating income is the excess of service revenues over the costs of providing the service (i.e., operating expenses). Consider the case of an internal service fund servicing police, fire, and other vehicles used in departments reported in the General Fund. If the internal service fund has positive operating income, the expenditures reported in the General Fund exceed the true cost of operating the government. If these amounts are significant over periods of time, some of the accumulated surplus (fund balance) of the General Fund is effectively shifted to the internal service fund (net assets).
What are the problems arise from accounting matching principle?
Its not easy match it with the bad debts and the discount allowed if there are provisions made during the period that relate to the period under review.
Differentiate between accounting and accounting convention?
Accounting means the systematic recording,reporting and analysis of financial transactions of a business.While accounting convention means legally-binding practice; rather, it is a generally-accepted convention based on customs, and is designed to help accountants overcome practical problems that arise out of the preparation of financial statements.
What accounting issues arise for a company as a result of engaging in international trade?
answer
What is FAS 109?
FAS 109, officially known as Statement of Financial Accounting Standards No. 109, is a guideline established by the Financial Accounting Standards Board (FASB) that addresses the accounting for income taxes. It requires companies to recognize the amount of taxes payable or refundable for the current year and to account for deferred tax assets and liabilities, which arise from temporary differences between the tax basis of assets and liabilities and their reported amounts in financial statements. The standard aims to provide a more accurate portrayal of a company's financial position and performance regarding its tax obligations. FAS 109 was later superseded by ASC 740 under the Accounting Standards Codification.
What are the problems that arise due to amalgamation of firms?
problems relating to amalgamation
Difficulties that might arise in creating a new business?
what are the difficulties that might arise in setting up a new business
What were some problems that might have or did arise?
MaCokBurn
Is it true If there is not order problems will arise?
true
Is it correct to say when an accounting position arise?
No, the subjunctive is not required because "when" does not introduce a contrary-to-fact condition.
What types of problems arise when supervising an office facility and how would you deal with them?
What types of problems arise supervising an office facility and how would you deal with them. Can you give me some ideas as to what to write ??
If a partnership is set up and operated without a formal partnership agreement problems such as the following may arise?
Partnerships should always be set up using a contract that is signed by both parties. Many problems may arise without this being done. To know which of the following problems may arise a person will need to know what the following problems are.
What problems could arise for humans due to the preservation of rainforests?
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