ACCOUNTING FUNDAMENTAL BY: Bayani D. Edlagan Ma. Cecilia S. Mercado INTRODUCTION This presentation covers the concepts and practice of accounting fundamental. From the concepts…
Chapter 04 - Adjustments, Financial Statements, and the Quality of Earnings Chapter 04 Adjustments, Financial Statements, and the Quality of Earnings ANSWERS TO MULTIPLE…
1. Net Profit Gross profit is not the actual profit of the business. The real profit of the business is the amount which remains after deduction of operating expenses. Net…
Slide 1Debits versus Credits By Michael Reimer Slide 2 Left Side is the debit side Right side is the credit side Slide 3 This is where all the daily transactions of a business…
1. MEKONG SCHOOL OF ACCOUNTING Accounting Cycle in Service Company Mr. PIN SOPNHATH ID: 4231130004 Mss. SAING SOREYAN ID: 4231130018 Mr. MEAN CHET ID: 4231130331 Mss. UK…
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Recognition: formally recording an item in the financial statements of an entity Recognition and Measurement I know I need to record this... Measurement: quantification of…