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Accounting

Understand the language of business through the study of financial statements, budgeting, and taxation. Accounting is essential for business transparency and integrity.

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Questions
Q: What is the purpose of GAAP
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Q: What is the importance of recording transactions on a cost basis
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Q: What are the functions and powers of the general manager
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Q: What is Field 23E in MT103
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Q: What would you choose love over money or money over love
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Q: How is Accountancy necessary but auditing is luxury
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Q: What is accrual accounting and cash accounting
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Q: What is the important of managerial statistics
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Q: What is Purchases day book
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Q: Difference between external users and internal users of accounting information
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Q: Single column cash book
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Q: Concept of social responsibility accounting
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Q: What is importance of revenue cost and profit
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Q: What is Post trial balance
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Q: Where does cash discount go in balance sheet
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Q: How do you record journal entry for a purchase return
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Q: Distinction between standard costing and actual costing
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Q: What is an annual payment called
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Q: Which Journal entry is used to record equipment purchased on account
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Q: What is Market to market accounting standards
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Q: What are the terms gross pay net mean
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Q: What is reinvested profit
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Q: Can you use a dollar bill with drawings on it
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Q: IAS requirement for Bad debt provision
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Q: Is net profit an asset or liability
3 answers
Q: Which layer of the OSI model encapsulates network layer packets
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Q: Explain the reasons of the popularity of double entry system
2 answers
Q: How do debtors affect the income statement
1 answer
Q: What portion of profit on uncompleted contracts is transferred to the profit and loss account
1 answer
Q: What does creditable mean
4 answers
Q: An accounting time period that is one year in length but does not begin on January 1 is referred to as
1 answer
Q: Why is it not possible to have a credit balance brought down in the cash column of a cash book
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Q: What is net profit for electrical contractors
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Q: What is a sentence for remittance
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Q: Is depreciation on a machine a period cost or product cost
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Q: Who is the worlds second largest producer of oil
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Q: What is the purpose of inventory reserve estimates at balance sheet date
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Q: How old to work at stop an shop
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Q: What are the answers to p4-3a
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Q: Is notes payable an asset
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Q: Which of the following types of accounts are decreases recorded by credits
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Q: If sales is 75000 and profit margin is 0.2 is the profit and cost of goods sold
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Q: Is there a Toywiz in Australia
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Q: Contribution of josefino comiso
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Q: The existence of the parent-subsidiary relationship is based on the control criterion Outline and explain the important elements of this criterion
1 answer
Q: What are the objective of accounting
2 answers
Q: Where does restricted cash go on a balance sheet
1 answer
Q: What is a cost accounting system
1 answer
Q: How much do hosts make
1 answer
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