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q report to stockholders of a companyannual report - report to stockholders of a company that includes companys annualaudited balance sheet and
analytical procedures - substantive tests of financial information that examine relationships among data as a means of obtaining evidence such
q what is amortizationamortization -periodic and gradual reduction of any amount like the periodic write-down ofa bond premium cost of an intangible
american institute of certified public accountants aicpa - national professionalmembership organization which represents practicing certified public
the following items are found in the trial balance of ms sharada enterprise on 31st december 2000 10 marks summer 2013 sundry debtors
what is the latest change taking place in the accounting world that will make a big difference to the way accountants prepare
q what is working capitalworking capital -- current assets minus current liabilities in most businesses majorcomponents of working capital are cash
q what is variable costvariable cost -- a cost which changes as production or sales change if a business is producingnothing and selling nothing
q explain about trial balancetrial balance -- at the close of an accounting period transactions posted in the ledger areadded up a trial or test
q what do you mean by stockstock -- a certificate or electronic or other record which indicates ownership of a portion of acorporation a share of
q describe about net salessales -- amounts received or due for services or goods sold to customers gross sales aretotal sales before any returns or
q what do you understand by revenuerevenue -- amounts received by or due a company for services or goods it provides tocustomers receipts are cash
q what do you mean by return on investmentreturn on investment roi -- a measure of efficiency and effectiveness with that managers use resources
present value -- a notion that compares the value of money available in the future with thevalue of money in hand today for instance 7835 invested
q prepaid expenses and deferred chargesprepaid expenses deferred charges -- assets already paid for which are being used up or willexpire insurance
q what do you mean by overheadoverhead -- a cost that doesnt vary with the level of production or sales and generally a costnot directly involved
q define the opportunity costopportunity cost -- a useful notion in evaluating alternate opportunities if you choosealternative a you cant choose b c
q what is marginal cost and marginal revenuemarginal cost is the extra cost incurred by addingone more item marginal revenue is revenue from selling
q can you explain about liabilitiesliabilities -- amounts owed by a company to others current liabilities are those amounts duewithin one year or
q what do you mean by inventory turnoverinventory turnover -- a ratio which indicates amount of inventory a company uses tosupport a given level of
q what is inventory obsolescenceinventory obsolescence -- inventory no longer salable possibly there is too much on handpossible it is out of fashion
q what is inventoryinventory -- supply or stock of products and goods that a company has for sale amanufacturer may have 3 kinds of inventory raw
q what do you understand by goodwillgoodwill -- in accounting difference between what a company pay when it buys theassets of another company and
q what is fixed costfixed cost -- a cost that doesnt change as sales volume changes in the short run fixedcosts generally include such items as rent
q describe about expenseexpense -- an expenditure that is chargeable against revenue during an accounting periodan expense leads to the reduction of