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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: Is there significant differences exist between accounting standards issued by the fasb and the iasb
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Q: Is contribution margin equals sale revenue minus all variable cost
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Q: How many entries are needed for each accounting transaction
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Q: What are the determinants of customer delivered value
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Q: What are the advantages of audit report
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Q: What is Debit Memo and Credit Memo in receivable
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Q: What is external revenue
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Q: Who are the primary users of management accounting information
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Q: What account would be double ruled in the ledger as part of the closing process
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Q: Is depreciation of delivery truck a period cost
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Q: What businesses use a geographic filing system
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Q: What is the meaning of closing stock
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Q: What is a late lodgement
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Q: What is amalgamation and consolidation and explain difference
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Q: Is janitorial cost a variable cost
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Q: What is unabsorbed depreciation
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Q: Why direct production labor cost might be regarded as a fixed cost rather than as variable cost
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Q: How do you calculate annual ordering cost
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Q: Which group uses accounting information primarily to ensure the entity is operating within prescribed rules
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Q: Is depreciation an overhead cost
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Q: Is the statement 'Investing activities include cash transactions involving the purchase and sale of long-term assets and current investments' true or false
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Q: What are lifestyle assets
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Q: Is it true that product obsolescence means the asset has been fully depreciated
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Q: What is the closing journal entry of the wages
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Q: How do calculate break even point
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Q: What semi monthly payroll means
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Q: Why is it necessary to know the four steps of producing a cost of production report
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Q: What makes an asset critical for the CARM program
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Q: Is cash float a current asset
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Q: What are the benefits of QuickBooks hosting
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Q: Is responsible for designing and developing an information system
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Q: What is difference between Nominal Ledger general ledger
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Q: How much did the price of a bottle of dish soap increase from 1980 to 1990
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Q: If a country's debt-to-GDP ratio is 84 percent the country is producing more than it is borrowing
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Q: Are purchases expenses or costs
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Q: Are Fixture and fittings an expenses or liability
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Q: Are fittings and fixtures a cost or an expense
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Q: Paid cash to owner for personal use is this an expense
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Q: Need of Branch Accounting
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Q: Is sales commissions a fixed or variable cost
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Q: What is cash flow statement and why it is prepared
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Q: What are the benefits of conducting a Primary Recovery Audit
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Q: What are examples of fixed and variable cost in a hairdressers
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Q: What accounting concepts principles is most significant in the development of a capitalization policy
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Q: Why are there two account titles in the amount column of the purchases journal
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Q: In 1971 the US dollar became part of a total fiat system meaning what
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Q: What does it mean when the bank account in the cash book has a credit balance
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Q: Which method almost always produces the most depreciation in the first year
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Q: What are meant 'bought in costs'
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Q: Which organization is primarily responsible for developing a single set of worldwide accounting standards
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