CASH AND ACCRUAL BASIS OF ACCOUNTING
Using the data below,prepare abbreviated income statements for the year 2003 and 2004 on cash basis. Cash receipts from sales: 2003 2004 2005 on 2003 sales $295,000 $160,000 $30,000 On 2004 sales 0 355,000 90,000 On 2005 sales
What are MIS reports and do you made it?
How to do income statement = from the revenues we will deduct all the expenses related to that period to get the income or loss. When the revenues are more than the expenses then it is income and when the expenses are more than the revenues then it is
What is Wasting Assets. State briefly in terms of Accountancy?
Compute cross-rate matrix for French franc, Japanese yen, German mark, and the British pound. Utilize most recent European term quotes in order to compute the cross-rates in order that the triangular matrix result is same as that of the portion above diagonal in Exhib
Super Profit Method: (Goodwill method): When a firm earns huge profit in comparison to normal profit (usually earned by other firms of similar industry) then the difference is termed as Super Profit. Goodwill is computed on the basis
What is Death spiral? Is it related to cost accounting. Illustrate it.
Describe Long Holding Period briefly with suitable example?
Why teaching of accounting is not simple. Illustrate this statement.
Explain Cost of goods and how they are used in estimating gross profit and net profit of the business?
Explain about random walk model for exchange rate forecasting. Will it be reliable with the technical analysis?
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