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Financial Statements
A financial statement is a record of the financial activities of a person or business entity where all related financial information are presented in an orderly manner and can be easily understood.
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Capital Revenue
Proceeds from the sale of non-financial capital assets, including land, intangible assets, stocks, and fixed capital assets of buildings, construction, and equipment of more than a minimum value and usable for more than one year in the process of production, and receipts of unrequited transfers for capital purposes from non-governmental sources.
http://www.treasuryota.us/ust100/lessons/glossary.htm
Is stock repurchased by the issuing company called treasury stock?
1. Treasury stock is a corporation's own stock that has been issued, fully paid for, and reacquired by the corporation and is being held in it's treasury for future use.
Errors that are not disclosed by trial balance?
compensating errors
error of omission
error of commission
error of principles
complete reversal of entries
error of original entry
It's a day to day spending of the entity. (e. g. rent, wages in case of a companie)
Why do many practices send out remainder statements rather than standard statements?
Whay is the difference between remainder statement and standard statements?
preliminary expense is the expense for fitting the asset or similar works, so this expenses capitalized.... and is called fixed asset
yea mon
revenue expenditure
This sounds very shady. Unless the store manager is also the person who makes out the paychecks and signs them, she has no right to your social security number--EVER! I don't know the situation--but I would question the person who makes out the checks about this, and if necessary go to her boss and ask the question. Your pay stubs are your business--not your managers. If you share your paystub and she/he thinks they should be making more money and go to management complaining about how much money you make in comparison it is going to be you who gets the heat.
Operating ratios are types of ratios that serve as gauges of a company's operating success (or profitability) for a given period of time. They are also known as profitability ratios.
Do drawing decrease the capital of owner?
Yes, it's the opposite of capital introduced which would increase it.
What math skills are required for an accounting?
For basic level of accounting just basic math is required but at advance level like in managerial accounting different topics like linear programming, Time value of money, regression correlation etc required.
Solvency ratios are rations that indicate the ability of a company to meet its long-term obligations on a continuing basis and thus to survive over a long period of time.
$15,100
- 25,000 - 1,900 = 23,100 [total depreciation after 7 years]
- 23,100 / 7 years = 3,300 per year [amount of depreciation each year]
- 3,300 per year * 3 years = 9,900 [amount of depreciation after three years]
- 25,000 - 9,900 = 15,100 [value after three years of depreciation]
Where are the audit standards?
It could be found by referring to the Statements on Auditing Standards issued by American Institute of Certified Public Accountants- AICPA. It could be found by referring to the Statements on Auditing Standards issued by American Institute of Certified Public Accountants- AICPA.
What is an occasion to demonstrate ethical behaviour?
Usually a tricky situation requiring weighing up of possible consequences.
Euthanasia is a big one. Most medical and nursing students must study ethics.
What is Days operating expense accrued?
days in which cash is tied up in working capital and cannot be used for expeneses
In a private emailing application, an internal sender defines a person with an email address within the sites domain. An external sender is a person whose email address shows an outside domain.
The price a car dealer pays to the manufacturer for each vehicle he buys.The invoice price is sometimes used as a tool to sell by the car dealer implying that the customer is buying at cost without telling them about bonus money and hold back that can be in the thousands. This system also allows the dealer to "not show a profit" bypass paying a commission on profit to the sales staff.
