In the term Sheet, define and discussion at least four (4) elements which it typically content and how they are used

Q: Describe the five steps outline the T-account method.

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

Q: Reporting Standards (PFRS) purpose financial statements, elements, recognition an presentation and…

A: PFRS: Philippine financial reporting statement These are the set of accounting rules as per GAAP…

Q: Please see image for question as this is a single, three part question.  A. ? B. ? C. ?

A: A model that helps to evaluate the value of the stock by discounting the dividend earned on the…

Q: Briefly discuss the (Accounting Standard) , AS-2 with group method , item by item method, aggregate…

A: Accounting Standard 2 (AS-2) is related to the valuation of inventories. The objective of this…

Q: Make a general ledger for this general journal below

A: General ledger is a keeping record on the basis of journal entries or transactions recorded by the…

Q: Identify and describe the three major activities of organizations.

A: Organization: Organization refers to the group of organized people with a particular purpose of…

Q: What are the five elements/components of Accounting Information System? Describe each

A: An accounting information system or framework (AIS) is a design that a business uses to gather,…

Q: define W-3: explain the purpose, and who uses the form.

A:

Q: Describe in detail about the 3 measurement attributes employed in GAAP.

A: There are three measurement attributes employed in GAAP: Historical Cost Net Realisable Value…

Q: define an' Other Matter paragraph and explain, providing examples, the use of such a paragraph.

A: For purposes of Generally Accepted Auditing Standards (GAAS), the following terms have the meaning…

Q: ong form of the E e information and

A: Explanation : The semi strong form of efficient market hypothesis do state that the stock prices…

Q: Analyze the data below and write what each of these values mean in one coherent paragraph

A: Data given:: Characteristic Revenue share Fashion and leather goods 48% Selective retailing…

Q: Statement 1: present additional items separately on the basis of an

A: Financial statements are the reports prepared for the purpose of depicting the financial health of…

Q: Answer the following multiple-choice questions. Accounting standard-setters use the following…

A: Accounting standards are used for financial reporting. These specifies how an accounting transaction…

Q: Which is the first step within the hierarchy of guidance when selecting accounting policies? a.…

A: Accounting Policies - These are the fixed principles, concepts, rules, etc. which are used by a…

Q: In each case, identify and then explain the main accounting concepts being highlighted and indicate…

A: Accounting concepts are based on accounting assumptions and condition which paves the base for…

Q: Explain the data provided

A: Gross profit is that profit of a company that is left over after accounting for all costs that the…

Q: define an Emphasis of Matter paragraph and explain, providing examples, the use of such paragraph.

A: Emphasis of matter paragraph: A paragraph in the report of the auditor concerning the financial…

Q: explain each item

A: The ratio is the process of determining the relationship between the two variables. In accounting,…

Q: Describe the purpose of caash receipts journal.

A: The cash receipts journal is a special section of the general journal specifically used to record…

Q: Name the three types of documents.

A: Documents: Document refers to a record of economic activity initiated by an entity. It serves as a…

Q: Which sentence in the passage contains a word of phrase that signals a cause and effect relationship

A: 1. Cause and Effect relationship - It is the relation between two phenomena in which one phenomena…

Q: Explain the terms to account for and accounted for.

A: Account Account is refer as the record in the general ledger which is used to sort and store the…

Q: [The following information applies to the questions displayed below.]

A: Income is recorded as income when it is earned or accrued, accrual method of accounting this concept…

Q: 1) define an emphasis of matter paragraph and explain , providing examples, the use of such a…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Name the two types of journals.

A:

Q: Prepare SFP of entity A using account form and prepare respective notes showing the breakdown of…

A: Introduction: Balance sheet: All Assets and liabilities are shown in balance sheet. It tells the net…

Q: Identify each of the following terms/phrases as either an accounting (a) principle, (b)…

A: Going concern:

Q: Use the following abbreviations to indicate the journal in which you would record tra

A: A journal is a book of primary entry where a transaction is entered for the first time. The main…

Q: Identify each of the following terms/phrases as either an accounting (a) principle, (b)…

A: Accounting principle: These are the guidelines which are to be applied while preparing the…

Q: source document of each transaction_

A: Source document is the document used for making a transaction into effect. t is used as a primary…

Q: List and define the seven report attributes.

A: The formal document used for providing information to the managers is called report. The information…

Q: ents in the cycle a

A: Definition of Source Documents The physical basis on which business transactions are recorded is…

Q: Where is the reconciliation of Beginning PBO to ending PBO found in the codification (give topic,…

A: Here discuss about the accounting codification related with the accounting standard for the…

Q: Name the three most common ways to segment an organization.

A: On the basis of ownership, companies can be classified into the following three categories:…

Q: Enumerate the Qualifications of Incorporators. Explain each.

A: Incorporators are the person who initiates the incorporation or commencement of the corporation form…

Q: Which is the first step within the hierarchy of guidance when selecting accounting policies? A.…

A: Accounting policy is the rule or method which is adapted by any entity to determine the error free…

Q: Please provide the introductory part and answer for question D.

A: Additional paid-up capital refers to money that investors paid above and beyond the par value price…

Q: Define the term journal.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: state and explain six factors that make information useful

A: Accounting information provides a base for the user in decision making. The information provided…

Q: Read and interpret abalance sheet.

A: A balance Sheet or statement of financial  position shows the list of assets, liabilities and equity…

Q: Name three types/categories of external stakeholders

A: Stakeholders is the wider term, it means group of people which help to run a business successfully.…

Q: Lists five measurement attributes employed in GAAP.

A: There are three measurement attributes employed in GAAP: Historical Cost Net Realisable Value…

Q: Recommend three controls of an accounting system

A: An accounting system is a set of accounting processes with linked procedures and controls. The goal…