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Accounting Basics
Accounting is one of the most interesting and somewhat difficult areas that you can encounter in your studies in student’s life, and if this is your field of study, you have your work cut out for you! One of the biggest difficulties with accounting assignment is that even if you are an excellent student, sometimes the work can pile up and get out of your control and knowledge. Even the hardworking
Cost Accounting
WHAT IS COST ACCOUNTING? The cost accounting is the method of collecting information about costs incurred by the  company's activities,  assigning the selected costs to the products and the services and the other cost objects, and evaluating efficiency of the cost usage. The Cost accounting is mostly concerned with the developing an understanding of where a company earns and loses the oney, an
Financial Accounting
Introduction of financial accounting: Financial secretarial is a meticulous branch of accounting that keeps path of a company's financial dealings. Using identical strategy, the dealings are recorded, summarized, and offered in a financial information or economic statement such as an profits declaration or a stability sheet. This route will progress your facility in financial bookkeeping, t
Managerial Accounting
DEFINITION The procedure of preparing administration reports and report that offer correct and timely monetary and statistical information required by managers to make day-to-day and short-term decisions. WHAT IS MANAGEMENT ACCOUNTING Management accounting or administrative accounting is the method of analyzing, identifying, presenting and recording financial information that is used f
Auditing
Introduction of auditing: Auditing as it exists today can be related with the emerging a combined stock company for the period of the industrial revolution. The company's act of 1956 gives policy regarding the auditing work. Definition of auditing: Define the auditing as being anxious with confirmation of accounting information with formative the correctness and dependability of inform
Taxation
Introduction Taxation is more than applying and interpreting legislation. Societies require taxation in order to reallocate capital, to provide for expenditure on public services and goods. Taxation is a core area in which the broader fields of law and accounting, drawing together concepts from disciplines, along with concepts from economics. Knowledge and theories in a number of other discipl


Recent Accounting Questions

Questions -1 discuss the importance of accurate product

Questions - 1. Discuss the importance of accurate product costing. In your discussion you should highlight the problems associated with using traditional costing system which Beztec has been using. 2. Calculate the cost ...

Question - at the beginning of the school year priscilla

Question - At the beginning of the school year, Priscilla Wescott decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay ...

Question - flexible budget for selling and administrative

Question - Flexible Budget for Selling and Administrative Expenses for a Service Company Cloud Productivity Inc. uses flexible budgets that are based on the following data: Sales commissions - 14% of sales Advertising ex ...

Question - personal budgetat the beginning of the school

Question - Personal Budget At the beginning of the school year, Priscilla Wescott decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on Dec ...

Question - ross company had the following inventory at the

Question - Ross Company had the following inventory at the end of the year:   Quantity Unit Price Cost Market Valves:       Model Q 180 $11 $9 Model R 150 10 12 Model S 120 7 9 Gaskets:       Model Alpha 60 100 105 Model ...

Question - yourco inc manufactures and sells two products

Question - Yourco Inc. manufactures and sells two products. Relevant per unit data concerning each product follow. Product Basic Deluxe % of sale 25% 75% Selling price $40 $48 Variable costs 55% 50% 1) Compute the weight ...

Question - lopez company purchased goods with the following

Question - Lopez Company purchased goods with the following terms and details: Sales price, $5,000 Terms, 1/10, n/30 Date of sale, March 8 Date of payment, March 19 Returns and allowances (before payment), $200 Shipping, ...

Question - the following information pertains to hagen

Question - The following information pertains to Hagen Metal Work's ending inventory for the current year: Item Quantity Unit Cost Unit Market Value C 90 $24 $16 D 75 22 20 K 40 25 28 M 22 15 17  Required - a. Determine ...

Question - oakbrook company is subject to a 30 income tax

Question - Oakbrook Company is subject to a 30% income tax rate. The following data pertain to the period just ended when the company produced and sold 45,000 units: Sales revenue - $1,350,000 Variable costs - 810,000 Fi ...

Question - at december 31 2016 grouper corporation reported

Question - At December 31, 2016, Grouper Corporation reported current assets of $384,870 and current liabilities of $206,100. The following items may have been recorded incorrectly. 1. Goods purchased costing $22,150 wer ...

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