global affairs
What is audit report and its types?
There are four types of audit reports: and unqualified opinion, a qualified opinion, and adverse opinion, and a disclaimer of opinion. An unqualified or “...
Dec 30, 2025 1 views
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global affairs
In which journal is the receipt of a promissory note from a customer on account recorded quizlet?
The entry to record the receipt of a promissory note to replace an open account is recorded in the cash receipts journal. Which transaction is normally re...
Dec 30, 2025 0 views
global affairs
Are country clubs profitable?
Average net profit margins for privately owned golf courses and country clubs (NAICS 713910) have been negative for several years. Over the last 12 months...
Dec 30, 2025 0 views
global affairs
What is the difference between an external and independent auditor?
The work of the internal auditor tends to be continuous and based on the internal control systems of a business of any size. External auditors are indepen...
Dec 30, 2025 0 views
global affairs
Why is choice of allocation method important?
One of the main purposes for allocating costs is to provide information for decision making. Cost allocation is an important planning tool for reducing co...
Dec 30, 2025 0 views
global affairs
What are the different accounting methods followed by companies?
An accounting method consists of the rules and procedures a company follows in reporting its revenues and expenses. The two main accounting methods are ca...
Dec 30, 2025 0 views
global affairs
How many accounting standards are issued by ICAI which are mandatory?
Since then, it has issued 32 Accounting Standards so far, out of which 29 are notified by Central Government. What is mandatory accounting standard? Accou...
Dec 30, 2025 0 views
global affairs
What is a target profit pricing?
As the term suggests, target profit pricing is designed to determine how many units we will need to sell to both cover costs AND achieve a set profit. In ...
Dec 30, 2025 0 views
global affairs
What is debtor and creditor with example?
A debtor is a term used in accounting to describe the opposite of a creditor — an individual that owes money, or who is in debt to an organisation or pers...
Dec 30, 2025 0 views
global affairs
Is The City of Ember worth reading?
In a way Ember City is more than an exciting book that can rekindle a love of reading; it not only provides entertainment and is a fun read, it has popula...
Dec 30, 2025 0 views
global affairs
Is 2020 a common year?
A common year is a standard Gregorian calendar year with 365 days divided into 12 months, and only 28 days in February. A common year has 365 days. In a l...
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global affairs
Where can Administration expenses be deducted?
You can deduct the expenses incurred by an estate for its administration either as an expense against the estate tax or against the annual income tax of t...
Dec 30, 2025 0 views
