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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: Give the 4 distinct function of accounting in business
1 answer
Q: Purchase is a real account or nominal account
3 answers
Q: Is service revenue an asset account
1 answer
Q: Is U.S money and Bermuda money worth the same
1 answer
Q: Who oversees the proper processing of invoices and ensures invoices are paid according to the Prompt Payment Act guidelines
1 answer
Q: After posting the entries from the journal the breneman management service ledger should have at least one credit entry in how many accounts
1 answer
Q: How much does 1 cubic meter of pea gravel weigh
1 answer
Q: Basic formulas on profit and loss
1 answer
Q: CPAs and non-CPAs form a partnership to practice public accounting
1 answer
Q: What is the fullform of IAS
1 answer
Q: The primary objective of financial accounting is
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Q: What is journal entry for petty cash
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Q: Where can you cash a personal check on Sunday
1 answer
Q: Why should cash receipts be deposits on the day of receipt
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Q: How does paying a liability with cash affect the accounting equation
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Q: What costs are treated as product costs under direct costing
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Q: What is Reverse Acquisition in group accounting
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Q: Which one of the following is not a current asset account a Cash b Marketable short-term securities c Inventory d Equipment
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Q: Is a company president considered indirect labor
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Q: Under the allowance method is the the cash realizable value of receivables is the same both before and after an account has been written off
1 answer
Q: What is the End product of financial accounting
1 answer
Q: Which of the following shows how the descriptive entry under owner's equity should appear
1 answer
Q: Basic functions of the front office
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Q: What is the meaning of invoice in consignment
1 answer
Q: What is the formula of marginal costing
1 answer
Q: What is the medical pegboard system
1 answer
Q: What does the accounting term MPV mean
1 answer
Q: Journal entry for services performed for cash
2 answers
Q: What happens when expenditure exceeds income
1 answer
Q: Different between international accounting and domestic accounting
1 answer
Q: Difference between strategic financial management and financial management
2 answers
Q: What is the difference in perspective between finance and accounting
1 answer
Q: What is an accrual journal entry
1 answer
Q: What are the 12 key accounting concept
1 answer
Q: What is the book-and-hold technique in regards to questionable accounting practices
1 answer
Q: What is the scope of social accounting
1 answer
Q: Formula for cost of goods sold
1 answer
Q: What are miscellaneous assets
1 answer
Q: Should journal entries be listed chronologically
1 answer
Q: The double-entry system requires that each transaction must be recorded
1 answer
Q: Maximizing shareholder wealth means maximizing the
1 answer
Q: Why trade discounts are not shown in books of accounts
1 answer
Q: How journal entry to record direct labor
1 answer
Q: What is completeness of data input
1 answer
Q: You record the debit entry for transaction A 51 in the journal as
1 answer
Q: What is the meaning of issue shares at par
1 answer
Q: Define the concept of multiple causation
1 answer
Q: What is the general ledger journal entry to begin a Reserve Account
1 answer
Q: Is discount received an income
2 answers
Q: Does net price include gst
1 answer
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