What are the reasons to become an accountant
What are the reasons to become an accountant?
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Accountancy offers a respected professional qualification that can lead on to a wide range of opportunities in production. Accountancy is now a fast changing profession, so they are seeking for individuals with initiative who can deal with change.
Most of the income of the well-built accountancy firms nowadays comes from consultancy and related services rather than from audit. In audit you will spend most of the time visiting clients and asking questions, so good interpersonal skills are essential.
Give a brief introduction of the term ‘Break Even Point’. And as well write down is usefulness in making business decision?
Under the assets side what types of items appear?
Give a brief introduction of the term ‘Accounting Period Concept’?
Give a short introduction of the term ‘Absorption’? And also write down its various methods employed for deciding the rates of overhead absorption?
Briefly describe endowment policy method of calculating depreciation?
What account is salary outstanding? Is it real, personnel or nominal account
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Describe the calculation process of cost of idle time?
Give a brief introduction of the term Deferred Revenue Expenditure?
Write down the main Current Assets?
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