Define creditors.

Q: How Interest, Principal, and Loan Balance Illustrated?

A: Answer: Interest is measured as a percentage of a loan balance, annually paid to the lender for the…

Q: Describe how debits and credits affect assets, liabilities, and permanent owners’ equity accounts.

A: Asset: Assets refer to the resources owned by the business, which are utilized in the course of the…

Q: Why does a balance sheet balance (assets = Liabilities + OE)?

A: Accounting is done on double entry system, in which we book any financial transaction into books at…

Q: what is creditor and debtor?

A: Balance sheet: It refers to a financial statement that shows all the liabilities, assets, and…

Q: What are the financial statements?

A: Financial statements:Financial statements are a written record which convey the financial…

Q: Define liabilities

A: Accounting:   Accounting is the process of recording the financial transaction of the organization…

Q: Define financial intermediary

A: A financial intermediary is a firm that goes about as an agent in a money related exchange between…

Q: What is accrual accounting?

A: Accrual basis of accounting is an accounting method based on which accrual transaction are recorded…

Q: Define Accrual accounting.

A:

Q: What is a Creditors Reconciliation ?

A: Reconciliation refers to the various balances in the books we keep, whereas third-party…

Q: Who are the providers of financial information? Name them.

A: Financial Information of any organization is provided in its financial reports. These reports are:…

Q: Creditors Reconciliation

A: Creditors reconciliation means comparing the monthly statement prepared by the creditor in his books…

Q: Describe how debits and credits impact assets, liabilities , owner,s equity

A: The books of accounts are prepared as per the double accounting system. All the debits shall be…

Q: What is liabilities?

A: Liabilities: The claims creditors have over assets or resources of a company are referred to as…

Q: What is financial accounting?

A: Meaning of financial accounting:Financial accounting is one of the branches of accounting that…

Q: Financial intermediaries provide which of the following?

A: Financial Intermediaries: They are intermediaries or middlemen between the two parties for financial…

Q: What document are financial statements prepared from?

A: Financial statements are prepared from the records of accounting equation, Journal entries, general…

Q: Define financial advisor.

A: A financial advisor gives monetary exhortation or direction to clients for pay. Monetary guides (now…

Q: How do you treat net loss on a balance sheet?

A: Balance sheet: It refers to a financial statement that shows all the liabilities, assets, and…

Q: Financial information is prese

A: Gross Profit means excess of revenue over cost of direct expenses. To calculate Gross profit, Cost…

Q: What does the balance sheet report?

A: A balance sheet is a financial statements which reports Assets, Liabilities and shareholders equity…

Q: What does financial statements provides?

A: Financial accounting: Financial accounting is the process of evaluating the business activities of…

Q: Evaluate the safety of creditors’ claims.

A: Creditor can be defined as the person who grants credit to another person or entity to be repaid in…

Q: What are financial obligations? How they can be overcome?

A: Liabilities:The claims creditors have over assets or resources of a company are referred to as…

Q: What mean accounting information?

A: The basic concept of Accounting is to Record the transaction which was pertaining in the…

Q: What are the accounting concept?

A: Solution:- Introduction:- Accounting concepts are defined as basic assumptions on the basis of which…

Q: What is the primary function of financial accounting?

A: Financial accounting: Primary of function of Financial accounting involves the process of preparing…

Q: What is the relationship between the accountingequation and the balance sheet?

A: Accounting is the detailed process of maintaining books of accounts. It includes several steps like…

Q: What is articulation of the financial statement means? Elaborate.

A: Financial statements are the statements which plays an important role for an effective investment…

Q: what is accounting?

A: Bookkeeping refers to the process of identifying, measuring and recording of financial transactions.…

Q: What’s financial instrument

A: Financial instruments can be broadly divided into: a. cash instruments b. derivatives instruments

Q: What is financial advisor

A: A financial advisor may be a general term used for various financial professionals like insurance…

Q: plockchain financial transactions?

A: Blockchain helps in making transparency in the financing industry while users are considering the…

Q: what is financial statement? and other financial?

A: Financial statements apply to those statements which at the end of accounting period reflect on the…

Q: What are the effects on creditors, including secured creditors during voluntary administration?…

A: creditors are those person supply goods or services to the company, provide loan to the company,…

Q: What do the financial statements include?

A: Financial statements are basic as they give significant insights concerning the money related…

Q: Define liabilities. Identify several characteristics that distin-guish liabilities from owners’…

A: Liabilities: Liabilities are future responsibilities that are entitled to the present borrowings.…

Q: Identify the relationship between money, credit?

A: Money is considered as the financial medium exchanged between parties that enable the transaction.…

Q: Define account payable

A: As the term suggests, accounts payables is the sum of money to be paid in the near future. It is a…

Q: What is Asset and Liabilities?

A: The balance sheet is the financial statements of the business which displays the assets and…

Q: assets, liabilities and equity accounts.

A: (Note: Since you have posted multiple questions, we will solve the first question for you. For the…

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.