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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: Methods of accounting under changing price level
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Q: What does seniority date mean
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Q: Causes of direct material quantity variance
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Q: How many years can you depreciate a Copier
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Q: 1 The assets division should contain what accounts
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Q: Closing the temporary accounts at the end if each accounting period
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Q: What is net new borrowing as it relates to determining the cash flow to creditors
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Q: Main qualitative characteristics of financial information
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Q: Describe the behavior of unit fixed costs as the level of activity increases
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Q: The concept of time value of money
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Q: If the firm's sales revenue income exceeds its expenses the firm has earned a profit
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Q: The impact of internal audit on organization
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Q: Adjusting entries are often made because some business events are not recorded as they occur
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Q: Definition of consistency principle in accounting
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Q: Is it true that fix cost remains same when output increases
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Q: What is the scope of capital budgeting
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Q: Is special revenue fund accrual or modified accrual
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Q: Accounting concepts where adjustments for prepayments and accruals are based
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Q: The basic summary device of accounting
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Q: The entry to adjust for the cost of supplies used during the accounting period is
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Q: What is the difference between cost of debt and cost of equity
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Q: Is total cost equals semi variable cost
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Q: What is the importance of competition
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Q: The recording of debit and credit parts of a transaction is
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Q: The process of posting is associated most closely with the
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Q: What are the causes direct material quantity variance
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Q: What is the Average Cost method of inventory valuation
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Q: What is monthly turnover
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Q: Define book keeping and explain how it differs from accounting
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Q: Cost of a delivery truck is a period cost or product cost
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Q: When the owner invests cash in a business the owner's capital account is in increased by a debit
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Q: What type of account is Prepaid Insurance
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Q: Which stage of accounting represents a legal binding agreement between the government and another party but no goods or services have been received
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Q: The time frame associated with a balance sheet is
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Q: What is the journal entry of Goods lost by fire Rs 4000
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Q: The specific identification method of costing inventories is used when the
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Q: What are significance of computerized accounting system
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Q: Accounting's key goal is to
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Q: Which level includes all the details of an accounting classification resulting in a unique fund citation
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Q: From an accounting and funds control perspective which are the best examples of what you would do in the implementation and evaluation steps of the decision making process
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Q: How does depreciation affect cash flow statement
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Q: The primary disadvantage of accrual accounting is that
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Q: What is an example of an accrual error
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Q: Give the formula of profits and loss
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Q: What is the contribution of empedocles
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Q: What is the scope of financial objective of business organizations
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Q: What is long term sources of finance
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Q: What is owners savings
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Q: Payroll entries are made with data from the
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Q: Would land have a contra asset account
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