science
What is liabilities in accounting with example?
Liabilities are any debts your company has, whether it’s bank loans, mortgages, unpaid bills, IOUs, or any other sum of money that you owe someone else. I...
Dec 29, 2025 1 views
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What is the difference between net income and net cash?
Net income is the revenues recognized in a reporting period, less the expenses recognized in the same period. Net cash flow is calculated by determining c...
Dec 29, 2025 1 views
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What is maintenance in accounting?
Maintenance expenses are costs incurred when performing routine actions to keep an asset in its original condition. On the other hand, capital expenditure...
Dec 29, 2025 1 views
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Is prepaid insurance current assets?
Prepaid insurance is usually considered a current asset, as it becomes converted to cash or used within a fairly short time. Is prepaid insurance a liquid...
Dec 29, 2025 1 views
science
What is FIFO and LIFO example?
FIFO (“First-In, First-Out”) assumes that the oldest products in a company’s inventory have been sold first and goes by those production costs. The LIFO (...
Dec 28, 2025 1 views
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Does net price include tax?
Definition: Net price is the total price charge for a good or service, after considering any added or subtracted amount. It is the price effectively asked...
Dec 28, 2025 0 views
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What is interim audit explain advantages and disadvantages?
Advantages Of Interim Audit Interim audit is good where the publication of the interim figure is necessary. 2. Then final audit can be completed very soon...
Dec 28, 2025 1 views
science
How do you write three thousandths?
Since 3 thousandths is 3 over one thousand, 3 thousandths as a Fraction is 3/1000. If you divide 3 by one thousand you get 3 thousandths as a decimal whic...
Dec 28, 2025 0 views
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How do you calculate a discount?
How to calculate a discount Convert the percentage to a decimal. Represent the discount percentage in decimal form. Multiply the original price by the dec...
Dec 28, 2025 0 views
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What is full from of CAT?
The Common Admission Test (CAT) is a computer based test for admission in a graduate management program. The Indian Institutes of Management (IIMs) starte...
Dec 28, 2025 0 views
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How does dumping affect prices?
Dumping can lead to lower prices for consumers, can force stagnant companies to become more competitive and innovative, and can allow exporting companies ...
Dec 28, 2025 0 views
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What is the benefit of accelerated depreciation versus straight line depreciation?
It is better to take income tax savings earlier in the life of an asset. Straight-line depreciation is easier to calculate and looks better for a company’...
Dec 28, 2025 0 views
