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What is turnover of company?
Turnover can mean the rate at which inventory or assets of a business “turn over” a.k.a sell or exceed their useful life. It can also refer to the rate at...
Jan 03, 2026 0 views
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What is the advantage of manual?
Those who drive manual vehicles can increase fuel economy by as much as 15 percent. More control. Braking is easier without the torque converter found in ...
Jan 03, 2026 0 views
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Is accounts receivable listed on an income statement?
Accounts receivable — also known as customer receivables — don’t go on an income statement, which is what finance people often call a statement of profit ...
Jan 03, 2026 0 views
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What is asset classification and its types?
Common types of assets include current, non-current, physical, intangible, operating, and non-operating. Correctly identifying and classifying the types o...
Jan 02, 2026 0 views
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Why must these costs be allocated rather than assigned?
By definition, manufacturing overhead consists of costs that cannot be practically traced to products or jobs. Therefore, if these costs are to be assigne...
Jan 02, 2026 0 views
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Can you credit retained earnings?
The normal balance in the retained earnings account is a credit. This balance signifies that a business has generated an aggregate profit over its life. H...
Jan 02, 2026 0 views
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What are the most used formulas in Excel?
Top 10 Most Useful Excel Formulas SUM, COUNT, AVERAGE. SUM allows you to sum any number of columns or rows by selecting them or typing them in, for exampl...
Jan 02, 2026 0 views
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What is the difference between cash accounting and accrual accounting?
The difference between cash and accrual accounting lies in the timing of when sales and purchases are recorded in your accounts. Cash accounting recognize...
Jan 02, 2026 0 views
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What measurement principle is used in accounting?
There are four basic principles of financial accounting measurement: (1) objectivity, (2) matching, (3) revenue recognition, and (4) consistency. 3. A spe...
Jan 02, 2026 0 views
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What are the 3 types of budgets?
Depending on these estimates, budgets are classified into three categories-balanced budget, surplus budget and deficit budget. Which functional budgets ar...
Jan 02, 2026 0 views
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Is federal withholding bad?
Withholding decreases evasion and underpayment Because of the aforementioned savings dilemma, withholding makes it more likely that the government will re...
Jan 02, 2026 0 views
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What are accounting estimates?
02 An accounting estimate is a measurement or recognition in the financial statements of (or a decision to not recognize) an account, disclosure, transact...
Jan 02, 2026 0 views
