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Which of the following accounting concepts means that similar items should receive a similar accounting treatment?
A. Going concern
B. Accruals
C. Substance over form
D. Consistency
What else can I help you with?
How you can explain accounting is an information system?
Accounting is an information system for measuring, processing and communicating information that is useful in making economic decision. Every business is conducted to make profit. Accounting knowledge is there to assist the business man to assess whether the business is making profit or loss. In accounting brings discipline on how to source money, how to spend and how much to save. Accounting ensures consistency in the treatment of various transactions. Accounting involves gathering of financial data, recording classifying, summarizing and communicate the results to the owners of the business, or to others allowed to receive this information. Accounting should not be confused with Book keeping as Book keeping is the part of accounting concerned with recording of financial data. Book keeping is the process of recording data relating to accounting transactions in the books of accounts.
What is the function of reversing entries in accounting cycle?
A reversing entry removes an estimate when the actual amounts are known. For example, if you accrued your telephone bill at the end of the month, you would reverse the accrual in the following month when you receive and post the actual telephone bill.
What is the proper accounting entry for accrued liability?
WHICH IS PAYABLE...Under accrual method of accounting, goods or services are received today and payment is made in the future. The transaction is recorded in the books when the goods and services are receive.
How ledger make?
open up a pad of paper. A ledger is only a blank page ready to receive accounting data
To prepare a court accounting for a client of the public guardian's office do you include the interest earned but not received on an irrevocable burial plot investment?
Yes. All assets, including a receivable (the right to receive money), should be reflected in the accounting.
How much does it cost to receive an online accounting degree?
It costs about $10,000 to receive an online accounting degree.
An investigation in which a group that receives some experimental treatment is compared to a group that does not receive the experimental treatment is called?
The group which does not receive experimental treatment is the control group, the group which does receive the treatment is the experimental group.
Does a control group receive experimental treatment?
the control group does not receive receive an experimental treatment but stay in the same environment.
Fair treatment of all nations following world war 1?
Arguably all nations did not receive fair treatment following World War 1. Germany was required to pay massive reparations which hindered their economy and served as a motivation for the 2nd World War.
What care should a patient receive after receiving erectile dysfunction treatment?
The primary aftercare is to monitor blood pressure following use of ED medications.
Where can someone receive treatment for a marijuana addition?
Someone who is addicted to marijuana can receive treatment from select treatment centers. They can also receive treatment from their doctors, which is more common because marijuana treatment centers are not very common. However, marijuana addiction is not a very common disorder.
What type of discriminated treatment did the Jews receive?
the receive death
Do most people with luekemia die?
Most people with luekemia will not die if they receive timely treatment. Yet if they do not receive treatment or receive it too late and the cancer is well advanced they will eventually die even with treatment
Who receives treatment in an experimental study?
Participants in an experimental study receive the treatment. Typically, participants are randomly assigned to either the treatment group, which receives the experimental treatment, or the control group, which does not receive the treatment or receives a standard treatment for comparison.
What is the salary you can receive with an associate degree in accounting'?
where do people in Chicago work?
What are the pros of socialized medicine?
people without healthcare who are sick can receive treatment people without healthcare who are sick can receive treatment
What group in an experiment receive treatment?
The group in an experiment that receives the treatment is called the treatment group. This group is exposed to the intervention or variable being tested to determine its effect. It is compared against a control group that does not receive the treatment to evaluate the efficacy of the treatment.
