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What is the dual aspect concept?
Dual Aspect concept: This state that there are two aspects of accounting, one represented by the assets of the business and the other by the claims against them. The concept states that these two aspect are always equal to each other. In other words, this is the alternate form of the accounting equation: Assets=Liabilities+Capital Dual aspect concept is known as "Double Entry Book Keeping System".
Fields in accounting?
There are many fields in accounting including, forensic, tax and general accounting. Typically, specialized accountants make the most money in the industry.
What is the most commonly used accounting method for reporting income on a 1099-MISC form?
The most commonly used accounting method for reporting income on a 1099-MISC form is the cash basis accounting method.
Kinds of business activities?
There are many types of business activities including production, accounting and shipping goods. Businesses have to manage every aspect of the facilities to gain an advantage in the market.
What aspect of your degree have you found most challenging?
When answering about what aspect of your degree have you found most challenging you should answer with something that is positive. For instance, you could talk about skills that you had to learn for your degree.
Who introduce Accounting Equation?
It is based on Accounting Principle of Dual Aspect of Money http://www.freembanotes.in/finance/accountancy/30-accounting-equation
What did you dislike most about the workshop?
I found the lack of hands-on activities and opportunities for group discussions to be the most disappointing aspect of the workshop. It limited the engagement and interactive learning experience for participants.
Is there a brand name church accounting software out there?
There is a software brand ChurchSoft. It is software for the help in the management of a church including the accounting aspect.
What is dual aspect concept of accounting?
in dual aspect every transaction has two transactions if there is any debit entry then there must be credit entry.
What is the dual aspect concept?
Dual Aspect concept: This state that there are two aspects of accounting, one represented by the assets of the business and the other by the claims against them. The concept states that these two aspect are always equal to each other. In other words, this is the alternate form of the accounting equation: Assets=Liabilities+Capital Dual aspect concept is known as "Double Entry Book Keeping System".
What is the most dislikes?
spam dislike!
What do fireflies dislike?
Most fireflies dislike when they are put in a straw, then blown like a spitball up your anus. Most fireflies , but not all of them.
Is accounting art or science?
accounting is both an art and science.........but more than science it is an art.because it fulfills the both aspect of an art(knowledge+ systematic work pattern).it fulfills only one aspect of science(knowledge for doing work in a system) but there is no logic or fact behind every accounting concept or rule ..........science based upon fasts and logic..
What does Selena Gomez dislike the most?
Rumors
What are the basic concept are accounting?
Major aspect of accounting in any business organization is financial accounting and inventory accounting. While the financial accounting deals with the monetary aspects the inventory accounting deals with the quantitative aspects of the goods and services of the business organization. Important financial accounting aspects are payment voucher, journal voucher, cashbook, general ledger, bank reconciliation and trial balance. Important inventory accounting aspects are opening balance, purchases, sales and closing balance.
What was Edward D. Breen noted for?
Perhaps the greatest aspect of Breen's importance to Tyco was his integrity, as evidenced by traits such as his dislike of ostentatious management perks
What are the most common accounting standards?
The most common accounting standards are the ones that one can find in the Generally Accepted Accounting Principles (GAAP), those are a group of accounting standards very common and widely accepted.
