Fundamental Accounting Principles - 24th Edition - by Wild,  John J., Shaw,  Ken W. - ISBN 9781259916960
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Fundamental Accounting Principles
24th Edition
Wild, John J., Shaw, Ken W.
Publisher: Mcgraw-hill Education,
ISBN: 9781259916960

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Following are the characteristics of plant asset that are different from other assets: Unlike other...A liability can be defined as an obligation which a person or a company needs to pay which arises...If the partnership contract specifies the duration of the partnership, in such case the duration of...These are the expenses that are borne by the organization at the time of its inception. These...Note payable and bonds payable are same for the purpose of the accounting, but the main difference...An investment can be classified as a current asset if it satisfies the following two conditions: It...The reporting purpose of the statement of cash flows can answerthe following questions as explained...Different types of financial statements are: Balance Sheet − which shows the financial position of...The management of business has to make lots of decisions regarding the future expansion and growth...As mentioned above that assigning overheads such as factory rent, factory depreciation etc is a...The Job costing method is used for the business houses dealing in customized products produced...Variable cost: The main saying about variable cost is that: "Per unit Variable cost remain same and...Budgeting helps control income and expenditure for the organization. The managers have a yardstick...A fixed budget is prepared at an expected level of activity, but the actual level of activity may...Following are the advantages of departmentalization: There is scope for specialization when a...The five steps of managerial decision making process are explained as follows: Determination of the...The capital budgeting decision requires careful analysis and diligent planning because of the...Future value is calculated with the help of following formula; Future value = Present value x (1 +...Manufacturing costs can be divided into two types; Direct costs and Indirect costs. Direct costs are...Followings are the three key principles of lean business model; Value streams; As per this principle...A business doing international transaction enters into the foreign currency transactions. The value...The appropriate item or phrase for the given description is explained as follows:...International financial reporting framework is the accounting framework/ accounting standards...

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FUND.ACCT.PRIN.-WKPPRS.,V.1(CHAP.1-12)
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