Q4.a) Who is the Father of Accounting? b) Explain his contributions?

Q: Q8. Which of the following statements about users of accounting information is correct? Present…

A: Accounting information is generally prepared for the users or stakeholders of the organisation.…

Q: 46 .Accounting provides assistance to decision makers by providing them financial reports that will…

A: The accounting is process recording , analysing and reporting the financial data of the business.

Q: Hello, I need help solving this accounting problem.

A: When the Company issues stock or shares to its shareholders or employees if the stock option is…

Q: What does 2/10 mean in accounting?

A: Accounting is the method of recording financial transactions in a business. Accounting is the…

Q: Who is the Father of Accounting?                                                                  b)…

A: Fra Luca Bartolomeo de Pacioli is the father of Accounting.

Q: 1. Which of the following does not describe accounting?a. Language of business.b. Is an end rather…

A: Accounting: It refers to a process of recording and summarizing the financial transactions and…

Q: ow does the accounting conceptual framework apply to the following IAS? Or how does the conceptual…

A: Accounting standards refer to a defined set of rules and regulations and processes that formulates…

Q: How to do accounting

A: Accounting involves the recording, posting, summarizing the financial transactions and making useful…

Q: 1. Why is accounting important in understanding the business world? 2. What are the different forms…

A: Accounting can be define as a process through which all financial data can be recorded in a…

Q: Question 4: a) Who is the Father of Accounting? b) Explain his contributions?

A: Accounting is the recording, summarising, and communicating the financial information of the…

Q: What is the number one rule in accounting?

A: Rules for Debit and Credit According to the traditional Classification: Rule No. 1- Debit the…

Q: 3. Are we also user of financial accounting, if yes how? 4. Why accounting users need information…

A: Accounting is the process that is followed by a business in order to understand the performance and…

Q: What information does financial accounting cover?

A:

Q: This multible choice question from ACCOUNTING PRINCIPLES I.just write for me the final answer.

A: Interest accrued = Principal /Face value * Rate of interest * period

Q: Question 4. What do you know about Accounting Equation? Illustrate its mechanism by imaginary facts…

A: The accounting equation discuss about assets, liabilities and owners' equity.

Q: 3)      How the political system factors influencing to development of accounting system? (short…

A: The accounting system allows a business organization to keep track of all the financial…

Q: What is the fundamental accounting equation?

A: Hello, since the student has posted multiple requirements, only the first one is answerable. Thank…

Q: Why shall accounting students need to study accounting theory? Choose one of accounting theories you…

A: Accounting theory means those theories which are used to study and in the application of accounts…

Q: Who is the father of Accounting and why he was called the father?

A: Accounting is a process to identify the business transactions, record the transactions and prepare…

Q: Q1 Which is better for a business organization to stay as long as possible in the stage of birth or…

A: As per the honor code, We’ll answer the first question since the exact one wasn’t specified. Please…

Q: Knowledge Check 01 Why is accounting important? Accounting information impacts all of us. O…

A: Accounting - Accounting means recording of transaction in systematic, prescribed format and…

Q: Examine the purpose of the accounting function within an organization.

A: Accounting is the art and science of identifying, recording, classifying, summarising, and…

Q: Who are the èxternal user's of accounting information

A: The accounting information is used by the external user and internal user. The External users are…

Q: ) Describe the advantages and disadvantages of these two approaches to accounting standards setting,…

A: Accounting standards are those standards which state the guidelines, rules and regulations which is…

Q: n account

A: Concept: Partnership is the firm that more than two peoples will run the business and sharing their…

Q: 2. Explain why companies must follow accounting standards in presenting financial statements.

A: Accounting standards considered to be common set of standards. These are common set of procedures…

Q: 2. Who are users of accounting information, what are its types? Explain with examples.

A: PLEASE LIKE THE ANSWER, YOUR RESPONSE MATTERS    “Since you have asked multiple questions, we will…

Q: 38. Which term refers to the obligations of the business?

A: Obligations mean the liabilities of the business. Obligations will lead to outflow of the resources…

Q: What are the major contribution of Luca Pacioli to the development of accounting?

A: Luca Pacioli presented the use of journals and ledgers in accounting processes, emphasizing the…

Q: Which of the following is NOT related to accounting? O a. Management accounting O b. Financial…

A: Accounting:- Accounting includes recording of business transactions. Under accounting, the…

Q: Q.No.2 Give a detailed Discussion about the ingredients of fundamental accounting equation

A: Accounting refers to the process of recording, summarizing, interpretation the financial information…

Q: 5.Analyze and explain in your own words who uses accounting information and how they use it.

A: Financial statement means the statement including income statement , balance sheet , cash flow…

Q: CT4.7 Companies prepare statements of financial position in order to know their financial position…

A: Statements can be used for making personal financial position information.

Q: a) What is the purpose of accounting?  b) List two possible users of accounting information? c)…

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarizing , and…

Q: What was the main basic for doing accounting?

A: Accounting is the method of recording the financial transactions of a business. Accounting entails…

Q: a) Who is the Father of Accounting?                                                      b Explain…

A: Accounting is the process of recording financial transactions of a business and includes…

Q: How would you define the accounting equation

A: Accounting is described as the process of obtaining, documenting, summarizing, evaluating, and…

Q: Which of the following statement is True in regards to Accounting?

A: The answer for the multiple choice question and relevant explanation are presented hereunder :

Q: 3. Discuss what fundamental analysis is and its impactions on accounting standards?

A: Fundamental analysis refers to the process of analysis all the desired financial data of a business…

Q: financial accounting please give me the answer of this question thanks

A: The question is related to determine the amount of cash balance by preparing Balance Sheet as on…

Q: Which of the following statement is not true? Select one: O a. A non-accounting graduate may work as…

A: Q1. The following Statement is not true : C. To be a good accountant, one must have mastery of…

Q: 3. Why are accounting standards important in the accounting profession?

A: Lets understand the basics. Accounting standard are set of basic rules and policies which needs to…

Q: Accounting in modern age is regarded as?

A: The statement in option b is correct because the business communicates through financial reports…

Q: Q4.a)Who is the Father of Accounting? b) Explain his contributions?

A: Luca Pacioli who developed his first book in accounting in year 1494, will be known as Father of…