Define Matching principle

Q: Define LIFO conformity rule.

A: Last-in-First-Out (LIFO): In this method, items purchased recently are sold first. So, the value of…

Q: Define Consistency.

A: Consistency is fundamental assumption of accounting. Consistency refers to once a company adopts…

Q: Describe about the LIFO and FIFO method.

A:

Q: Define inter vivos trust.

A: Inter vivos Trust: An inter vivos trust is a kind of trust which is made in the lifetime of grantor.…

Q: Define the term spread.

A: In financial aspect, spread can have several meaning. In common it defines the gap or difference…

Q: Explain

A: LCNRV method means Lower of cost and net realizable value method.

Q: Explain what asymmetric information is.

A: Asymmetric information is aslo known as information failure, it occurs when one party to an economic…

Q: Give examples

A: Quality auditing is a systematic review of an organization's quality management system (QMS).…

Q: Define ERP.

A:

Q: Explain put–call parity relationship

A: Put-Call parity is the concept that defines the relationship between price of European call option…

Q: Define correlation

A: Correlation: Correlation is a statistical method that can display whether and just how strongly…

Q: Explain Concept Syndications?

A: Syndication is a process by which small lenders come together and they lend the money to a big…

Q: Define clientele effect

A: Clientele effect It clarifies the development in the stock cost of a firm as indicated by its…

Q: xplain

A: Step 1 Maturity matching, also known as hedging, is a working capital financing method in which we…

Q: Define Reconciliation method

A: Bank reconciliation: Bank statement is prepared by bank. The company maintains its own records from…

Q: Define the matching and realization princi

A: Accounting principal or standards are the principles and rules that organizations should follow when…

Q: The matching principle

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: Define each of the following terms: c. Signaling hypothesis; clientele effect

A: To define the following terms signalling hypothesis and clientele effect as below,

Q: Define Volcker rule

A: Volcker Rule is a regulation that implies restrictions on the banks to involve in the stock market…

Q: Define each of the following terms:f. White knight; proxy fight

A: A white knight is hostile acquisition security by which a 'friendliness' person or business who…

Q: Formula for put call parity?

A: Put call parity Put-Call parity defines the value of same class European put and call options. Put…

Q: Explain an example of faithful representation.

A:

Q: Define unicorn

A: The term Unicorn in finance was popularized by Aileen Lee, a popular venture capitalist &…

Q: Explain the principle of matching and realisation

A: Accounting principal or standards are the principles and rules that organizations should follow when…

Q: Define best efforts arrangement

A: Introduction: There are two techniques utilized by the corporations to vend their stocks that is…

Q: Define Will.

A: A will is a legal document in which a person specifies how his property is going to be distributed…

Q: Describe the features of JIT.

A:

Q: Define the term the matching principle?

A: Matching concept is an accounting principle which explains the need to match revenue with the…

Q: Define FIFO method

A: FIFO stands for , First in first out method , is an asset management and valuation method in which…

Q: fine the matching and realization princ

A: Accounting principal or standards are the principles and rules that organizations should follow when…

Q: Explain proxy fight

A: A proxy fight situation arises when a group of shareholders are not satisfied with the senior…

Q: Determine the IRR

A: IRR is the discount rate where NPV of the cashflows calculated using IRR will be Zeera, which means…

Q: Define Indirect method

A: Hey there ! Since particular concept is not given, indirect method is assumed under cash flow…

Q: Differentiate AIS from MIS

A: Accounting Information System: The system which helps to gather, store and process the accounting…

Q: Describe straight-line method with example.

A: Straight-line Depreciation: Under the straight-line method of depreciation, the same amount of…

Q: Define call provision

A: The bonds refer to the debt securities that allow the issuer to raise capital from external sources,…

Q: Explain the objectives of FIFO method.

A: First-in-First-Out: In First-in-First-Out method, the costs of the initially purchased items are…

Q: What is an allocation base? Give some examples.

A: When we discuss allocation base, it explains about the basis on which the overhead costs are…

Q: Define controller

A: The controller generally reports to the chief financial officer of the company. In small companies,…

Q: Define bait and switch

A: Bait and switch is an unethical and immoral sales strategy or tactic which persuades clients by…

Q: An allocation base:

A: An allocation base is the basis on which Cost accounting allocates overhead costs. An allocation…

Q: Why are the realization and matching principles important?

A: Accounting principles: These are the assumption, concepts, and guidelines necessary to prepare and…

Q: Define duality.

A: Duality is related to happening of an economic transaction. This concept arises when any transaction…