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The following are the mandatory Accounting Standards (AS) as on July 1, 2012 as listed on the site of The Institute of Chartered Accoun... -
[ source ] Methods of Estimating Inventory There are two methods for estimating ending inventory: 1. Gross Profit Method 2. Reta... -
Major Differences Detween Cash and Accrual Accounting The difference between cash and accrual accounting stems from the fact that most bu... -
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The accounts that are used to sort and store transactions are found in the company's general ledger . The general ledger is often arra... -
An accounting period is a period of time such as the 12 months of January 1 through December 31, or the month of June, or the three months... -
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I think of inventory as a company's goods on hand, which is often a significant current asset. Inventory serves as a buffer between a ... -
Definitions, Meaning, and Examples On the balance sheet Assets always equal the sum of Liabilities plus Owners Equities. Financial positi... -
Budgets are statements setting out the planned performance of a business typically in a table made up of numbers. Usually these plans d...
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