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How do you explain accounting Cycle?
It is a process to record business transactions in ledger accounts and then generating useful financial information for example income statement, balance sheet.
Can you explain the difference between statement balance and current balance?
The statement balance is the amount you owed at the end of the last billing cycle, while the current balance includes any recent transactions or payments.
What does BAS stand for and explain its use?
business activity statement
Discuss and explain the impact of finance on the financial statements?
Businesses regularly put out financial statements such as the income statement, balance sheet and statement of cash flows. When these financial statements are released, they can have large impacts on the business and on the investors of the company. Therefore, it is critical for the business to ensure that the information the statements present is correct. thank you Swarup Dey
What are the four financial statements explain their basic content and why it is important that the statements are prepared?
balance sheet,income statement,cash flow statement,retained earnings
Explain how water balance and electrolyte balance are interdependent?
electrolytes are dissolved in water of the body fluids
Explain why noncollectable accounts have both income statement and balance sheet implication for accounts?
If you can't collect a receivable, you have to write it off. Doing so means you credit the receivable on the balance sheet and debit the income statement with bad debt expense. This entry essentially reverses the initial entry which recognized the revenue and put the receivable on the balance sheet in the first place.
What types of statement can be used to explain the steps of a proof?
The corollaries types of statement is what is used to explain the steps of a proof.
What types of the statement can be used to explain the steps of a proof?
The corollaries types of statement is what is used to explain the steps of a proof.
How do you explain Personal and business taxation?
explain personal and business taxation
Explain with suitable example how switch statement is differ from if statement?
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Explain why adjusting entries normally have an effect on both the balance sheet and the income statement?
It will change the numbers that you are using. You will have to go through and make sure everything is matching up.
