State the golden rule of accounting

Q: Discuss the history of Accounting?

A: Italy, birthplace of many of the world's most important historical figures like Michelangelo,…

Q: Describe the basic assumptions of accounting.

A: Accounting is a systematic process of identifying, recording, measuring, classifying, verifying,…

Q: Accounting equation system

A: The answer is provided as follows:

Q: two characteristic

A: Accounting principles are standards, statutes and guidelines adopted by the management for the…

Q: ACCOUNTING THEORY DEFINED AND EXPLAINED

A: Introduction: Accounting is maintaining records of financial events and transactions that occur in a…

Q: 1. What are the elements of an expanded accounting equation?

A: Hi student Since there are multiple questions, we will answer only first question.

Q: What are the basic foundation of Accounting?

A: Accounting: Accounting is the practice of documenting financial transactions that occur in the…

Q: 1. Development of accounting rules.

A: Accounting rules are statements that guide and explain how to record accounting transactions. As per…

Q: Basic purpose of accounting

A: There are two basic purpose of Accounting they are 1. Ascertaining Financial results (Profit ans…

Q: Role of Accounting

A: Accounting: Accounting is a process of collecting and organizing financial transactions, analyzing,…

Q: Branches of accounting

A: In accounting, there are many branches of accounting. Some of the main important branches of…

Q: What are the golden rules of accounting?

A: Accounting is the process of recording, classifying and summarising financial transactions in order…

Q: a) Explain the many objectives of accounting.

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

Q: this multiple choice questions from ACCOUNTING PRINCIPLES I

A: Question 13 option D is correct  income statement  Depreciation appears on income statement.

Q: Briefly define accounting.

A: This question explains about accounting.

Q: Explain an example of accounting process cycle.

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

Q: Understanding of accounting and its importance

A: Accounting is the process of recording, analyzing and summarizing the financial statement . It is…

Q: 1. Explain the difference between the social role of accounting and the traditional role of…

A: Accounting is being a vast concept, effected by various internal and external users. Traditionally…

Q: What is the important of Accounting

A: Accounting is the process of systematically recording, measuring, analyzing and communicating…

Q: What is accounting. Write its types

A: Accounting is nothing but a method of analyzing recording and summarizing of all event which…

Q: Review the basic assumptions of accounting.

A: Financial accounting structure: A system that records, maintains, and creates reports for the…

Q: State the different types of accounting.

A: Accounting refers to a process through which all day-to-day activities or transactions occurred or…

Q: What's the first step in Accounting

A: Accounting is the process of keeping books of accounts for the business transactions, preparation of…

Q: Describe the ethics in accounting.

A: Accountants and the accountancy profession exist as a means of public service; the distinction which…

Q: About accounting

A: Financial Accounting- Financial accounting is the process of documenting, compiling, and disclosing…

Q: What are the principle of accounting

A: Principles of accounting are the rules and regulations that must be pursued by an organization when…

Q: Accounting concept and convention

A: Accounting concept is defined as the accounting assumptions which the accountant of a firm…

Q: Principles

A: Answer: Accounting is the subject that is more concerned with the treatment of the numbers so that…

Q: accounting

A: Partnership : It is an arrangement  by two or more parties  for  operating  the  business.…

Q: The essential characteristic(s) of accounting is (are)

A: Accounting is an art of recording, classifying, and summarizing in a significant manner and in terms…

Q: What is Accounting

A: The accounting is main part or language of the business which helps to maintain the all the…

Q: Meaning and types of accounting

A: Introduction: Accounting is one in all the foremost important roles of a corporation. An accountant…

Q: Define accounting

A: One of the most important factor any business is accounting. An accountant is the one who handles…

Q: Elaborate Functions of Accounting

A: The accounting is a process to identify the business transactions, record the transactions and…

Q: what is accounting?

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

Q: Explain the methods of accounting.

A: Accounting methods refers to the ways which are adopted by the company in order to record its income…

Q: w accounting standards in

A: the financial statements of a company are expected to present a true and fair view on the financial…

Q: Golden rules of Accounting

A: Accounting is the process of identifying and categorizing company activities. Transactions are…

Q: Example of a accounting equation

A: The fundamental accounting equation is mathematically expression derived from the principle of the…

Q: Accounting princippls

A: The accounting is a process to identify the business transactions and record the transactions and…

Q: Hypothetically discuss Assumptions of Accounting.

A: The organization and operation of a business are defined by key accounting assumptions. They…

Q: accounting

A: Debit  :-  In accounting it indicates benefit received by a particular…

Q: Give brief introduction about accounting

A: Financial Accounting - Financial accounting is a subset of accounting that tracks a business's…

Q: Write the basic accounting equation.

A: The accounting equation represents that the assets are equal to the sum of liabilities and…

Q: What’s accounting

A: The accounting is the main part of every business.

Q: Principles in accounting

A: Basic Accounting assumption are broad concepts that underlie generally accepted accounting…