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Accounting is a system. Like with all systems it is only as good as the information entered into it, although it does provide some checks and balances.
If not all the information is entered, or if the information is entered incorrectly then the system is useless.
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Explain the statement accounting is a mean rather than an end?
Accounting helps businesses perform better. When managers analyze accounting reports and find areas that need improvement they can make the changes to improve their production and financial situation.
When is company's accounting year ends on a day to other than the end of the calendar year what's called in accounting?
Fiscal year
What does the it mean when a job offer letter contains the following phrase - salary of 2600 is payable in arrears?
It means that it will be paid at then end of a pay period, rather than in advance. For instance if you are paid every Friday, then in arrears means that your pay this Friday was for the work week prior rather than the work week coming.
What is uniform system of accounting?
The uniform system is a way for accounting and financial professionals to report the financial activities of a hotel in a common manner within the same industry. With guidance, many errors or less desirable methods of reporting can be eliminated and accounting becomes more transparent to all parties.
What are the primary objectives of the accounting function in an organization?
The primary objectives of the accounting function in an organization are to process financial information and to prepare financial statements at the end of the accounting period.
Why Accounting is a means to an end and not an end in itself?
I think the accounting statement indicates that accounting is merely a tool, or a means, for measuring and determining the state of a business. Accounting is not an end in and of itself. Accounting doesn't define a business' purpose or goal. It's strategy and financing of a business plan that is actually the main purpose.
What does with noble ends rather than means to an end means?
what this means is that you rather have means to an end... because noble ends is just a "good ending" and means to an end is that your ending has a meaning to it. and it is better to have meaning to an ending then just a good ending
Explain the statement accounting is a mean rather than an end?
Accounting helps businesses perform better. When managers analyze accounting reports and find areas that need improvement they can make the changes to improve their production and financial situation.
Does retail mean working witgh numbers?
No, retal means selling to end users, rather than wholesellers
When is company's accounting year ends on a day to other than the end of the calendar year what's called in accounting?
Fiscal year
What is summarizing in accounting?
The word summarizing used in the accounting field means to prepare the trial balance. This is basically balancing the books at the end of the month or year.
What As American forces approached japan Japanese forces?
The Japanese fought to the end, preferring to kill themselves rather than surrender.
What Musical terminology means very?
This is usually a suffix rather than a term, but adding "issimo" to the end of a word intensifies the root word. Eg Piano means soft, pianissimo means very soft.
The average inventory on hand at the end of the accounting period in a FIFO is always more than LIFO?
yes
What does the it mean when a job offer letter contains the following phrase - salary of 2600 is payable in arrears?
It means that it will be paid at then end of a pay period, rather than in advance. For instance if you are paid every Friday, then in arrears means that your pay this Friday was for the work week prior rather than the work week coming.
What is uniform system of accounting?
The uniform system is a way for accounting and financial professionals to report the financial activities of a hotel in a common manner within the same industry. With guidance, many errors or less desirable methods of reporting can be eliminated and accounting becomes more transparent to all parties.
End is more important than means?
End is important than means case is not suitable for all cases...but most of the cases End is imprtant...End is the final result of means...Ex...in every case means is not good but the final result makes that means good
