Explain Business Entity Concept
Give a brief introduction of the term ‘Business Entity Concept’?
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The business has an individual legal identity than the person who possesses the business. The accounting procedure is taken out for the business and not for the person who is carrying out the business. This concept is appropriate to both, non-corporate and corporate organizations.
Give a brief introduction of the term ‘Listed Company’?
I have reviewed the questions within the assignment and I am confused on how to read the financial statement (maybe because we did not cover this information within the class.) I understand the basics of financial statements and I understand the terms used within the questions, but I am not sure I a
Under Companies Act, 1956 what ‘rights issue’ do the shareholders of a company have?
Give a brief introduction of the term ‘Bills of materials’?
Write down the number of day is right issue of shares kept open?
Briefly explain the term Deferred Revenue?
explain the accrual basis of accounting by defining principles involved
Describe a brief contrast on the term ‘Financial Accounting’ and ‘Cost Accounting’?
Write down the effects of ‘under stocking’?
Write down the merits and drawbacks associated with Deep Discount?
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