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What is the pegboard system?

A pegboard accounting system (or one-write system) is a manual bookkeeping system that is physically bound by a board with pegs that run along the left sp...

Jan 03, 2026 0 views
culture

How much does a Xbox 360 cost now?

The Xbox 360 as of today sells for $20 – $120 depending on condition and what type of Xbox 360 you have. Microsoft released the Xbox 360, the Xbox 360 Eli...

Jan 03, 2026 0 views
culture

What are the 4 accounting conventions?

There are four widely recognized accounting conventions: conservatism, consistency, full disclosure, and materiality. Which accounting convention or doctr...

Jan 03, 2026 0 views
culture

What is accounting theory?

An accounting theory is a notion that uses speculations, methodologies, and frameworks in the study of financial reporting (as well as how financial repor...

Jan 03, 2026 0 views
culture

Is tax paid an expense?

The tax expense is what an entity has determined is owed in taxes based on standard business accounting rules. The tax payable is the actual amount owed i...

Jan 03, 2026 0 views
culture

What is a competitive profile matrix?

Competitive profile matrix is an essential strategic management tool to compare the firm with the major players of the industry. The profile matrix identi...

Jan 03, 2026 0 views
culture

How do you record cash sales in a journal?

In the case of cash sales, the “cash account” is debited, whereas “sales account” is credited with the equal amount….Journal Entry for Cash Sales. Cash Ac...

Jan 03, 2026 0 views