Business Accounting and Bookkeeping
Business accounting and bookkeeping refers to the act of systematically recording, verifying and reporting business transactions such as purchases, sales, payments and income. The accounting aspect is commonly performed by certified accountants only.
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total contribution=fixed costs+ profit 8,000+2,000=10,000 profit/volume ratio,p/v ratio= contribution/ sales= 10,000/20,000=...
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It is to describe costs of running a business ,e.g. rent rates and salaries
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£500 plus Vat-ish
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Say that you run a business, and at the end of last week you had taken in a total of $20,000. This is not your net. The $20,000...
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Working capital might mean: shows the portion of a firm's total assets belonging to the firm's owner.
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to learn
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Lack of duty is a defense against a lawsuit from a third party suing the auditor. It basically means that if an auditor is being...
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A risk base internal audit is latest approach to ensure best practices aiming at maximizing the impact of audit by focusing on...
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Time Value of Money is the value of money taking into account the effects of interest. For Example 100 Currency Units in the...
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To hide something or somebody.Ex.The paintings were concealed beneath a thick layer of plaster.
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Depends on the nature of the revenue received. Usually unearned revenue, customer advances, contract revenue in advance.
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Advantages1.)Total equity is served.2.)Accounts for different customers around the world are opeened and the the amount paid or...
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Hi, There are many big and small MBA colleges in Mumbai. The MBA Colleges in Mumbai provide top class education and the...
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Normally the capital amount shows in credit site in opening balance. it's means that the last year capital amount of balance...
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Income statement shows both operating and non-operating amounts. Revenue, Net profit/loss and profit per share. I think you are...
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