Financial Statements

The accounting standards used in Fiji are the International Accounting Standards, but are harmonized in various ways to be able...

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The two basic financial statements are the Income Statement or Profit & Loss Statement and the Balance Sheet. The Income...

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Cause if they didn't, there wouldn't be anything CALLED Financial Statements.

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Physical CharacteristicsThere are three types of pangolin -the giant pangolin, the tree pangolin and the most common, the ground...

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its the income statement don't know why???

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The balance sheet shows the assets (resources) that the company is using, and how these assets have been funded with equity...

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Could mean a few things. Could mean you have sold something that the buyer never received and you were charged back for the money...

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A subscription expense is a regular expenditure on a predetermined basis for a necessary business cost. For example, many auto...

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This is the amount saved to replace assets at the end of their useful life. [1] [1] The Financial Management of Hospital and...

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Consolidated cash flow statement shows the cash inflows and outflows of parent company together with all subsidiaries of that...

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Downtown Development Authority

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The carrying value (or book, or, net value) of a long term asset equals cost minus accumulated depreciation.

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there are only use full togive finance and other a few

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convert 5 feet 6 inches into inches

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You would add up both columns on the T account and put the highest figure as the total for BOTH columns. Then in the column which...

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sources of Funds 1. Profit from Operations2. Issue of Shares3. Issue of Debentures4. Bank Loan (Long Term)5. Sale of fixed...

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Generally speaking it could be considered so. There are cases, however, where it could have significant impact if the trademark...

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Yes, they would reduce the amount if purchases which is also in Cost of Goods Sold.

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Share application monies are the cash received by an enterprise issuing shares by people who are interest to become share holders...

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A variable asset/liability and a commodity.

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GAAP is an acronym for Generally Accepted Accounting Principles

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Income is all the money a company takes in (hence the name) expense is all the money a company spendsprofit is income -...

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That is known as the income statement or can by IAS1 it's known as the statement of comprehensive income.

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CRedit

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if you mean unearned as in money you have received and not worked for it would go in cash made from operating activities

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Yes

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Categorize all assets by type (cash, receivables, equipment). Categorize all liabities by type (accruals, accounts payable,...

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In the southwest part of the country you can expect to pay anywhere from $100-150 dollars an hour for services of a C.P.A firm. ...

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A basic balance sheet is formatted beginning with Assets (current first then non-current) Liabilities (Current first then...

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Yes, the accounting equation, total assets = total liabilities + total equity, may be rewritten to determine total debt as being...

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I'm checking into this very matter right now. It is my understanding that the CPA may be "on the hook" for penalties, fees, and...

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Direct Expenses are: The direct expenses means those cost incurred directly to the production which are:1. Workers wages2....

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hard assets (plant and inventory)

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NO they don't

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the objective is to evaluate and report a company's fianancial performance fairly and correctly and provide useful imformation...

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A balance sheet or statement of financial position is a summary of the financial balances of a sole proprietorship, a business...

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paid-in capital and retained earnings.

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the balance sheet must tally at the end. Other wise it is shown what ever the information give might be wrong or. Calculation is...

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true

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income summary

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In accounting, "going concern" refers to a company's ability to continue functioning as a business entity. It is the...

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buy ultimate book of accountancy to find out the all answer. a Great book of accountancy. order now Ph: 0172-2210596, 2215045,...

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No. Plant assets are an example of unexpired costs. As the plant is used over its economic lifetime, the cost of the plant...

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The main reason is over-reliance on volume as a basis for allocating overhead costs where products differ regarding the number of...

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Amount of fixed assets used by the firm

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equity

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This depends on where you are interested in doing your internship and how far along you are in your studies. Most colleges have...

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Capital is shown in the balance sheet of the organization under liabilities and owner equity section.

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According to RDS Business & Industry, the definition of financial data is as follows: a full fiscal year data on a company's...

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Gross salary is what you should see on your paycheck stub before taxes and voluntary deductions.  Cost to the company is...

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They may, but not necessarily. These two factors are not inexorably linked to each other.

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Yes, what about rent in advance?

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1. A balance is the amount of credit, money, merchandise, that is borrowed by the debtor. The debtor will have a balance owed...

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Primarily answers the question of "where does (did) all the money go?" for both businesses and individuals. Lots of other...

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operating expenses

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Employees. Employees and their representative groups are interested in information about the stability and profitability of their...

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Debit Land Discount on Notes Payable Credit Notes Payable

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dr Bank/Dividends Receivable xxx cr Dividend Income xxx

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A fixed asset register is a record of all long-term tangible assets held for business use and not expected to be converted to...

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Gross is the total amount of money you take in during the course of doing business. The cost of goods sold is what you pay for...

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goes to credit side

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its is timely

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cash sales, credit sales,purchase on account,collection from sales on account,settlement of purchase on account, direct purchase...

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Umm well its not exactly a tradition. There is some logic bro. Its like when the Profit and Loss account is prepared u must have...

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Anything that relates to the day to day running of the business, eg wages and salaries  

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what is the report about. a analsis is a description of the report or something within the report

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Record it as an expense.

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Reconciling fixed Assets Opening balance of fixed assets (last year closing) Plus all FA additions during the financial...

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It depends on your experience and position. General staff accountants average about $45K a year with at least 5-10 experience. A...

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Basically accounting is just four steps- summarizing, classifying, analyzing & interpreting .After the book-keeper records...

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In the US, there is no law requiring that quarterly financial statements be audited.Financial statement audits are extremely...

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Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable

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Book Value of Shares divided by paidup Valur of Shares.

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A Note Payable is a liability to the company and is listed under liabilities. This with any other account you find that is called...

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drawings means cash,goods or services drawn by the owner,investor for self consumption. where interest on drawings means the...

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The term standard denotes a discipline, which provides both guidelines and yardsticks for evaluation. As guidelines, accounting...

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Even though cash has been spent on purchasing the fixed asset, accounting principles will prescribe that an asset needs to be...

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Cash flow is the movement of cash into or out of a business, project, or financial product. It is usually measured during a...

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The 8 steps in an accounting cycle are Record transactions in journal. Post transactions to ledger accounts. Prepare adjusting...

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non financial information in accouting which is used for decision making can explained depending on certain type of...

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No, that is explained on the Statement of Changes in Owner's Equity. However, you do need to prepare a Statement of Comprehensive...

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Assets (accrued revenue) is understated. Accrued taxes are understated (unaccrued revenue times tax rate) Retained earnings are...

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Yo conoci a una mujer por internet que se hace llamar Angela Oromo y dice ser la hija del Ing. David R Ukec Oromo y ella me conto...

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In terms of public companies, if your cash balances are too high (effectively earning almost nothing), the shareholders will...

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AnswerProfit Maximization is an interesting and rather deep issue in Economics. Please understand that this question can be...

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An analysis of costs and revenue to determine whether or not a venture will make a profit, and, if so, how much. This is...

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Depreciation is a non cash flow item which reduces the profit figure only so in cash flow statemnet we will add this figure to...

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AnswerProbably, it depends on what and how the information was imparted. Section 805d of the FDCPA, defines consumer as "the...

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data on indias current account balance for period 2001-2006

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AnswerPetty cash is often a small amount of discretionary funds in the form of cash used for expenditures where it is not...

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No it doesn't include

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If I understand your question correctly, sales is revenue, which is part of owner's equity. So you would use that amount in your...

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An installment sale is a special type of credit arrangement which provides for payment in periodic installments over a...

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The Income Statement and the Statement of Cash Flows. Both report information presented over a period of time.

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group is multiple you see.EDIT: Often an organisation will release both a group statement and a company statement. Group refers...

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increase rent expense by payment amount (debit) reduce cash by payment amount (credit)

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i don't know please help me with the right answer

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CASH DISBURSEMENT: A payment of money or simply a payment. Usually, the writing of a check to pay for an item previously...

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structured investment vehicle

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