Today we’ll learn “25 Short Questions and Answers- Rectification of Errors.” You’ll get a basic idea of rectification of errors if you read it from top to bottom with proper …
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Today we’ll learn “35 Short Questions and Answers- Plant Assets and Depreciation.” Plant assets have specific sizes and forms and are not intended to be sold to customers and are …
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Accounting principles are of immense importance in accounting. Accounting principles are followed in the preparation of the statement of comprehensive income and the statement of financial position. Today we’ll learn …
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Today we’ll learn “35 Short Questions and Answers-Receivables.” The concept of Receivables is very important in Accounting. For any company that sells goods or services on credit, the management of …
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Today we will learn “30 Short Questions and Answers-Financial Statement.” Financial statements have an important place in the accounting information system. Every business organization prepares a financial statement to determine …
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Today we’re going to learn about the “25 Short Questions and Answers-Bank Reconciliation Statement” The balance of the bank statement and the bank balance of the cash book should be …
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Today we’re going to learn about the “25 Short Questions and Answers – Trial Balance” The 5th step of the accounting cycle is the preparation of the trial balance. The …
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Today we’ll learn about “25 Short Questions and Answers-Cash Book.” In any business organization, the importance of a cash book is immense. Business and cash are inextricably related. Cash is …
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