education
What state capital has the most letters in its name?
Can you name the longest named state capitals? # of Letters Capital City % Correct 10 Sacramento 66.7% 12 Oklahoma City 59.9% 13 Jefferson City 59.5% 12 S...
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education
What is the difference between aims goal and objective?
Aim = what you hope to achieve. Objective = the action(s) you will take in order to achieve the aim. Aims are statements of intent. Objectives, on the oth...
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education
Is creditor considered an asset?
creditor is that both concepts denote two counterparties in a lending arrangement. These statements are key to both financial modeling and accounting, the...
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education
What is a joint-stock company and why were they important to colonization?
Why were joint stock companies so important? Joint stock companies allowed England to become a major player in colonization of the New World. Without join...
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education
What does MPV stand for in accounting?
Materials price variance (MPV) A variance from standard caused by paying a higher or lower price than the standard for materials purchased; computed as (A...
Jan 04, 2026 0 views
education
How do you record restricted journal entries?
The journal entry is to debit a “Release of Restriction — Temporarily Restricted” account and credit “Release of Restriction — Unrestricted” account. Note...
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education
Is push down accounting allowed under IFRS?
Push-down accounting is not permitted under IFRS, and therefore the US company may have to maintain two sets of IFRS numbers: one for the parent consolida...
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education
How do you maintain provision for doubtful debts?
When you need to create or increase a provision for doubtful debt, you do it on the ‘credit’ side of the account. However, when you need to decrease or re...
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education
How does the purchase of supplies on account affect the accounting equation quizlet?
Purchasing supplies on account increases supplies (i.e., increases assets) and increases a liability account called accounts payable. Thus, asset increase...
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education
What is the purpose of retail management?
A retail manager’s role is to run a store successfully. Working on the shop floor, they are in constant contact with their customers and staff. They are r...
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education
Why accounting is the language of business explain in detail?
Accounting is often called the “Language of business.” It is a means of communicating information about a business. After analyzing properly the informati...
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education
Do charities need to be audited?
The trustees of charities with gross incomes of more than £1 million (or more than £250,000 and with gross assets of more than £3.26 million) must arrange...
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