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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 general motors for-profit or not-for-profit
1 answer
Q: What type of account is always debited during the closing process
1 answer
Q: Where can you find allowance standard 016
1 answer
Q: Is shipping expense a mixed cost
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Q: Is direct labor a fixed cost
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Q: What is explicit environmental costs
1 answer
Q: How do you calculate owner's capital
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Q: What does accounting gna means
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Q: How CVP analysis is used in managerial accounting decision making
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Q: Why should you keep private and business transactions separate
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Q: What is the return on total assets ratio
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Q: Opening stock minus closing stock
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Q: Which group uses accounting information to determine whether the company may pay its obligations
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Q: Is accounting staff salary a period cost or a product cost
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Q: List and explain the users of accounting information and state their needs
1 answer
Q: What stream of income is not affected by how a firm is financed
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Q: What is the conflict between short-term interests of individuals and long-term welfare of society
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Q: What are the basic and extended accounting equations
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Q: What are the nature of accounting standards
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Q: Why journal is called book of original entry
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Q: Is repairs on office equipment a period cost
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Q: What is the journal entry for cheque dishonour
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Q: Is it illegal to throw away money
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Q: What accounting principle does the US use
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Q: What is the difference between asset write off and asset disposal
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Q: What is the difference between target costing and activity based costing
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Q: Which of these was one of the chief reasons for bank failures in 1929-1930
3 answers
Q: How are liabilities affected when a business buys supplies on account
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Q: What income generating activities
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Q: How many entries per page are there in the PMT
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Q: What is employee payroll
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Q: Why is the direct write off method not accepted by GAAP
1 answer
Q: What are some ways in which accounting for health care organizations especially not-for-profit ones tends to differ from accounting in other industries
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Q: When you use an aging schedule approach for estimating uncollectible accounts what is measured indirectly
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Q: Which is not a required part of an annual report of a publicly traded company
2 answers
Q: What is the explanation of revenue cycle
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Q: When is national accounting week
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Q: Is it true that Retained earnings have no cost to the firm
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Q: Concept of capital and capital maintenance
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Q: Useful life is expressed in terms of use expected from the asset under the
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Q: Your client has seen a very costly brass bed that she's determined to have it appers to you to be a good item for her room and worth its price Unfortunately its cost exceeds the entire amount planned
1 answer
Q: A net loss will result during a time period when
1 answer
Q: What is the journal entry for theft of stock
1 answer
Q: Marginal cost can be defined as the
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Q: What is it called when an asset loses value
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Q: Pressure to increase current asset buildup often results from
1 answer
Q: What is the explanation for the FIFO inventory method please.
1 answer
Q: What is a list of the Permanent Accounts in Accounting
1 answer
Q: How do you calculate net borrowing
2 answers
Q: What are the Threats to Auditors independence
1 answer
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