Describe the term Operating Expenses
Describe the term Operating Expenses in business accountancy?
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Operating Expenses: For running industry or profession, we require operating expenses. Such expenditures are paid for day to day office lighting, rent, salary, insurance premium, Internet bill, travelling expenditures and lots of other expenses for sales and research. It as well comprises the depreciation on fixed assets.
What are the Historical Cost of Fixed Assets?
Need for valuing goodwill: If the mutual rights of the partners modifies then the party which makes a sacrifice should be compensated. This basis of compensation is goodwill therefore we require calculating goodwill. Mutual rights change beneath follo
Define role strain and role conflict, and provide illustrations of each.
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Illustrate the difference between Accounts and Bills payable, Accounts and Bills receivable?
Define the term Equipment in Accountancy? Why they are used?
State mechanism that restores equilibrium of balance of payments in case it gets disturbed below the gold standard.
Specify some of the methods taxing authorities utilize to remove or diminish evil of double taxation?
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