What is a condition subsequent? Briefly explain with examples.

Q: Which of the following is a TRUE statement

A: As per our guidelines and protocol we provide solution to the one question only and you have asked…

Q: are we also user of accoutanting, if yes how?

A: Financial Accounting provides various useful information to various user groups which helps them in…

Q: Which of the following statements is true?

A: All the accounts in the income statement are closed at the end of each year and the balance is…

Q: What is t

A: Liabilities are accumulated financial obligations that result from past events that are expected to…

Q: What is the going concern assumption?

A: Going concern Assumption: On the basis of Going concern assumption Financial statements are…

Q: What is the answer question (A ) only??

A: Lets understand the basics. Management calculates the cash collection and cash payment for the…

Q: What can be concluded from the provided picture?

A: Statement of cash flow is the one prepared by the company to determine the cash position of the…

Q: Is this correct? What's the correct answer

A: Calculation of Profit   CALCULATION PARTICULAR AMOUNT       A Sale 480,000 B Direct…

Q: hich of the following statements is true?

A: Payback periods is not larger than maximum accepted pay back period. Profitability index 1 or more…

Q: explain with detailed reason.

A: NCAA stands  for National Collegiate Athletic Association.  NCAA is a nonprofit organization that…

Q: Can you explain why D is the correct answer?

A: Trial balance:   A financial statement which integrates all the balance of ledger accounts is termed…

Q: Realization Test Principle/Theory.

A: Accounting is based on some principles, and to maintain uniformity, everyone must follow accounting…

Q: is a “look through entity”

A: Look-Through Entity: Look-Through Entity suggests that an individual that's registered under the…

Q: Explain the difference between the two types of subsequent events.

A: Subsequent events refers to events which occur after the end of reporting period but before…

Q: What is a subsequent event?

A: Financial statements are the records containing the trading account, profit and loss account and the…

Q: What is MM Proposition I?

A: Modigliani and Miller’s approach is an element of economic theory and it forms the basis for modern…

Q: What are the answers

A: The answer is as fallows

Q: What is forex

A: A financial market is a marketplace where financial securities are being created and traded between…

Q: Define a subsequent event.

A: Financial Statement: It refers to the annual reports of the company that is prepared at the end of…

Q: Can you make QBI more understandable? Are you able to describe the steps?

A: Qualified Business Income Deduction (QBID) It is  the final  deduction  to be made  before…

Q: Materiality Principle

A: The materiality principle specifies that the company would avoid an accounting principle if the…

Q: Is the following statement true or false? Explain your answer.

A: Step 1   Portfolio diversification is the act of investing your money across a variety of asset…

Q: This is known as:

A: Fund refers to the money which should be kept aside for meeting some specific purpose. In this, the…

Q: Consideration is i transaction which

A: Transactions between related persons and other activities of the Schedule I under the CGST Act will…

Q: What is EBITDA?

A: EBITDA is a metric which is used to measure the company's profitability. Though there is no legal…

Q: Which of the following statements is true ahout the fonward prio

A: Forward Price volatility can be defined as the increase or a decrease of 1 basis point in required…

Q: Answer with example

A: CVP analysis is a relationship between Cost Volume and Profit. This relationship shows the…

Q: following i ds to be ga anization, e

A: Explanation : Preliminary analysis can be understood as the research on a subject that lets you…

Q: What is Hamada equation?

A: The Hamada Equation : The Hamada equation is a method used to analyse the cost of capital of firm.…

Q: can you solve by ansewring the question'a in a fromual.

A: Data given: Costs  of house(Purchase price) =$250,000 Down payment = 2% of the purchase price.…

Q: Describe about the Going concern assumption with example.

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

Q: What is the answer of this with solution and explanation.

A: The question is related to adjusting Entires as om 31st December 2018.The details regarding the…

Q: illustrate with an example how can we determine the IRR?

A: IRR is a method that tells the company how much returns the company will earn on the amount spent on…

Q: Can you explain why b is the answer please?

A: Receivables refer to amount that are owed to the business by various parties that he business deals…

Q: ANSWER THE QUESTION USING PRO-FORMA STATEMENT

A: Proforma income statement shows budgeted amount of sales revenue as well as budgeted or estimated…

Q: Which of the following statements is TRUE?

A: A measure of an organization’s liquidity position can be ascertained by examining its Current Ratio.…

Q: Explain materiality Principle in detail with example

A: A set of rules and guidelines that is required to be followed by an entity in the process of…

Q: Which of the following is a correct statement?

A: When a sole property dies during the financial year leaving the estate that is known as Deceased…

Q: Identify the i what can be e d

A: Internal Control:   Internal control refers to the policies, and plans of the business organization…

Q: Which of the following statements Is/are true?

A: Inventory valuation: Inventory valuation is a method used or followed for the calculation cost of…

Q: What does the concept "substance over form" stand for?  Can you provide me with some examples?

A: Substance over form: It is an accounting concept, which means that the business must record those…

Q: what is stare basis?

A: Stare Decisis is a rule that obligates courts to follow decided cases i.e. it means to stand on…

Q: what is the summary of this topic?

A: Here ask about the summary of the product which is the important aspect of the packing for the…

Q: n realization?

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

Q: 1. What are externalities?

A: Comment-  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…