Why teaching of accounting is not simple
Why teaching of accounting is not simple. Illustrate this statement.
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Teaching of accounting is not simple, each and every student is challenge for accounting teacher and lots of concepts are very hard to make understand to students. One of such is to teach the concept of debtor, bad debt and provision for uncertain debt.
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The stock is recorded at the book value of debt. The convertible debt is removed at the book value, the number of share times par is added to the stock account, and the remaining amount is plugged in to additional paid in capital. Contrast with the market value in whi
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