Problemquestion 1explain briefly the following accounting, Ask an Expert

Management Studies

Problem:

Question 1)

Explain briefly the following accounting elements:

a) Revenue: b) Gain: c) expanse; d) loss; e) assets; f) liabilities; g) equity.

Question 2) Explain the following accounting assumptions and principles briefly:

1) economic entity

2) going concurrent

3) periodicity

4) full disclosure

5) consistency

Explain the solution in detail.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91149550

Have any Question?Write your Review or question?

Related Questions in Operation Management

Sacred destinationprepare a presentation about a sacred

Sacred Destination Prepare a presentation about a sacred place in mythology; for example, the Oracle at Delphi or the Mahabodhi Temple. This place may or may not currently exist. Imagine this presentation is like a trave ...

Arthur meiners is the production manager of wheel-rite a

Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a larger assembly company, with 10,200 wheel bearings each year. This order has been stable for some t ...

One unit of a is composed of two units of b and three units

One unit of A is composed of two units of B and three units of C. Each B is composed of one unit of F. C is made of one unit of D, one unit of E, and two units of F. Items A, B, C, and D have 15, 40, 36, and 25 units of ...

1 ldquotechnology twistrdquo outlining the dilemma of how

1. “Technology Twist” outlining the dilemma of how to pay for time spent on PDAs etc. responding to work issues but not doing work hours give your opinion of the pros and cons of monitoring and paying for this use of tim ...

Create a complete erd in crowrsquos foot notation that can

Create a complete ERD in Crow’s Foot notation that can be implemented in the relational model using the following description of operations… Hot Water (HW) is a small start-up company that sells spas. HW does not carry a ...

Often a salary structure has rangesmdashminimum midpoint

Often a salary structure has ranges—minimum, midpoint, and maximum. Frequently, a market position is drawn from the range midpoint. Another option becoming popular is broadbanding. Each method has advantages and disadvan ...

An operation manager of a chemical manufacturing plant must

An operation manager of a chemical manufacturing plant must determine the lot size for a chemical that has a steady demand of 1,450 litres per day. The production rate is 6,850 litres per day, setup cost is $200, annual ...

1 terms give a definition of the following with examples

1. Terms: give a definition of the following with examples, Non-Tariff Barriers, Export Subsidies, Counter Trade, Countervailing Duties, Infant Industry Argument 2. Compare & Contrast the approaches of the current U.S. G ...

1 answer in 250-300 words describe when it makes good

1. Answer in 250-300 words. Describe when it makes good strategic sense for a company to consider diversification. 2. Answer in 250-300 words. Fully explain the difference between a strategy of related diversification an ...

1 a newly elected us president has to assemble a cabinet

1. A newly elected U.S. president has to assemble a cabinet and fill many key administrative positions. Disregarding the politics of the situation : What challenges do you think a new president faces in building a team? ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert