Which of the following branches of accounting is the original form of accounting? a. Financial accounting b. Cost accounting c. Taxation accounting d. Management accounting

Q: Explain the difference between management accounting and financial accounting.

A: ANSWER : Basis of difference Management accounting Financial accounting 1. Meaning…

Q: ow is accounting information used in busi

A: Accounting is the combination of various steps like recording, analyzing, summarizing, and…

Q: Application of Generally Accepted Accounting Principles (GAAP) (e.g., matehing prineipte,…

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

Q: How to analyse the accounting measurement and financial measurement? Give examples

A: Accounting Measurements: Accouunting measurement is the computatiion of economic or financial…

Q: What are the principles of accounting according to GAAP?

A: GAAP: Generally Accepted Accounting Principle (GAAP) is a common set of accounting principles,…

Q: Explain double entry in accounting and relate it to appropriate accounting concept.

A: Double Entry Accounting system In simple term double entry accounting to record the transaction in…

Q: Write short notes on the following accounting principles with proper example.  A) cost principle?…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: What is the name of the accounting concept in which revenue earned  during the accounting period…

A: An accrual is a journal entry that is used to recognize revenues and expenses that have been earned…

Q: ‘The accounting concepts and accounting standards are generally referred to as the essence of…

A: INTRODUCTION  Financial Accounting refers to collecting , summarizing and presentation of the…

Q: iness by providin information used in the financial accounting and management accouunting fiel…

A: Since we answer only one question, we will answer the first question. Please resubmit the question.…

Q: Generally accepted accounting principles require that companies use the _____ of accounting.…

A: Accounting concepts: These are the set of rules and guidelines which every company must follow in…

Q: How would you define the fundamental accounting equation

A: Fundamental Accounting Equation: The "basic accounting equation' refers to the mathematical equation…

Q: What is the relevance of the Accounting Information System in the modern practice of accounting?

A: Accounting Information System: When a company employs an accounting information system (AIS), it…

Q: The accounting that records and measures the financial transactions by following GAAP is: a.…

A: Internal accounting helps in analysing the internal transactions of the organization  Management…

Q: mation used in the financial accounting and management accounting Accounting Education b. a. Cost…

A: Since we answer only one question, we will answer the first question. Please resubmit the question.…

Q: How to balance an accounting equation

A: Accounting equation:   Accounting equation is treated as a basic foundation of the double entry…

Q: What precisely distinguishes accounting from business admin

A: Accounting: It is the process of recording any financial transactions incurred in the financial year…

Q: What are the basic accounting formulas for beginning and intermediate accounting?

A: The basic accounting formula / equation for beginining Accounting and intermediate accounting…

Q: What is a mathematical equation in accounting? Which financial statement contains information on the…

A: This question tells about mathematical equation in accounting and  financial statement contains…

Q: How does the title relate to the description of accounting as the “language of business” and to…

A: Describing financial accounting as being useful for decision making by investors, creditors, or…

Q: What are the Universal Standards in Accounting?

A: Universal standard of accounting is also known as International standard of accounting. The…

Q: Identify the two main categories of accounting principles.

A: Accounting principles are the principles and rules that organizations must follow when announcing…

Q: me statement represents the basic accounting equation. True or false?

A: Solution: Basic accounting equation is that Assets are equal to the sum of Liabilities + equity.…

Q: what are the accounting concepts? define in detail every one of them in financial accounting.

A: Accounting Concepts May be considered as postulates i.e., basic assumptions or conditions upon which…

Q: What are the different objectives of accounting?

A: Accounting: An organization's financial transactions are recorded through accounting. Reporting…

Q: Principles

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

Q: Accounting equation is the basis for the preparation of statement of financial position in…

A: A company's total assets are equal to the sum of its liabilities plus its shareholders' equity,…

Q: Define principles of Accounting?

A: Accounting is a way of recording money related transactions in the financial statements of an…

Q: DEFINE AND EXPLAIN  ACCOUNTING THEORY

A: Accounting refers to the process of keeping records of financial events and transactions happening…

Q: Accounting measurement is the computation of.......... Select one : a . All the other points b .…

A: Accounting is the process of identifying, recording, classifying, summarising and circulating…

Q: To understand and use accounting information in makingeconomic decisions, you must understand: a.…

A:

Q: Explanation of double entry accounting and its relationship to pertinent accounting concepts

A: The notion of double-entry is critical in the accounting system since it allows for more accurate…

Q: What is the function of accounting information systems in today's accounting practise

A: Accounting Information System (AIS) is a concept. Generally speaking, an accounting information…

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: The reporting of accounting theory is related to ........ Select one : a . Principles b .…

A: Accounting refers to the process of systematic recording of the transactions of the business. Such a…

Q: How distinguishes business administration form accounting

A: Accounting: It is the process of recording any financial transactions incurred in the financial year…

Q: Management Accounting takes data from: a. Cost accounting b. All the options listed c. Financial…

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

Q: Explain what management is, define accounting, and discuss the nature and purpose of accounting.

A: Management is the process of planning and organizing the resources and activities of a business to…

Q: Example of a accounting equation

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

Q: Which of the following branches of accounting is often limited to preparing and distributing…

A: Accounting is the process whereby the costs and revenues of the business are estimated and recorded.…

Q: What is the difference of basic accounting equation from the expanded accounting equation?

A: Accounting: It is the process of recording, classifying, summarizing all transactions of a business…

Q: What is the accounting equation? Which financial statement reports the accounting equation?

A: The accounting equation is the formula used to capture the effect of the relationship of financial…