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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: Define debit and credit in accounting
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Q: What is a purchase day book
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Q: What is the difference between a supercharged V8 and a regular V8 engine
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Q: The revenue recognition concept
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Q: Is exit price accounting retrospective or forward looking in its approach
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Q: One result of taking a firm private is
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Q: Is audit fee an administrative expense
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Q: What is a purchases budget
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Q: What is the journal entry for rent with no cash payment
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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: If it were 2 hours later
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Q: Allowance for doubtful accounts is listed on the balance sheet under what caption
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Q: What is cash generating unit
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Q: Prepare profit and loss account for the year ending 31st December 2007 and balance sheet on that date
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Q: How income statement affect balancesheet
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Q: How long does a debt stay active
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Q: What does accounting mean
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Q: EasyGreen Pay Card
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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: The difference between variable factory overhead incurred and total standard variable factory overhead based on the actual quantity of the cost driver for applying the overhead is the
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Q: Differnce between outstanding expenses and prepaid expenses
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Q: Long term finance sources
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Q: What is the job costing and give you the example
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Q: Identify advantages of imprest system
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Q: What is retained earnings a asset
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Q: Is retained earnings an asset
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Q: What is asset function of money
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Q: What are owned resources of a business referred to as
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Q: Cash flow management
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Q: What is the format of a memo
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Q: 1 In comparing the accounts of a merchandising company with those of a service company what additional accounts would the merchandising company likely use assuming it employs a perpetual inventory
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Q: What are the differences between cost volume profit analysis and break even profit analysis
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Q: What are the examples of revenue reserves
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Q: What does a Tresurer do
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Q: Can the queen print her own money
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Q: What is the formula for calculating a spot rate
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Q: What is the stockolders equity based on the following account balances common stock-40000 paid-in capital in excess of par-50000 retained earnings- 175000 treasury stock- 25000
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Q: Who is Eastern asset management
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Q: Can a person incur a net loss during a term and yet have more cash at the end of the term than he had to begin
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Q: Why would a favorable price variance for material might be the cause of unfavorable quantity variance
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Q: What effect does an extraordinary loss have on cost of goods sold
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Q: What is a comparative balance sheet
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Q: Define sources of finance
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Q: What is the difference between sales budget and sales forecast
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Q: What is the normal balance side of rent expense
1 answer
Q: What is the formula for calculating interest coverage ratio
1 answer
Q: What is a floating asset
2 answers
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