Define the following: a. Permanent accounts b. Temporary accounts
Question:
a. Permanent accounts
b. Temporary accounts
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
a Assets liabilities and stockholders equity accounts are referred to ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
Question Posted:
Students also viewed these Accounting questions
-
Define the following terms: a. Permanent asset investments b. Temporary asset investments c. Permanent sources of financing d. Temporary sources of financing e. Spontaneous sources of financing
-
Define the terms temporary difference and permanent difference as they pertain to the financial reporting of income tax expenses. Describe how these two book-tax differences affect the gap between...
-
Define what is meant by a permanent file, and list several types of information typically included. Why does the auditor not include the contents of the permanent file with the current year's audit...
-
- Conducting a case analysis that deals directly with consumer behavior in a contemporary context. - Choose a company/brand or organization that is of interest to you. All companies and organizations...
-
The December 31, 2014, balance sheet of Spring Company includes the following items: 8% bonds payable due December 31, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . $200,000 Premium on...
-
Multiple-choice questions: a. Which of the following ratios can be used as a guide to a firms ability to carry debt from an income perspective? 1. Debt ratio 2. Debt to tangible net worth 3....
-
Consider the model \(y_{i}=\beta_{1} x_{i}+\varepsilon_{i}\), that is, regression with one explanatory variable without the intercept term. This model is called regression through the origin because...
-
On January 2, 20X8, Primary Corporation acquired 100 percent of Street Companys outstanding common stock. In exchange for Streets stock, Primary issued bonds payable with a par and fair value of...
-
IFRS and U.S. GAAP are relatively similar with respect to current liabilities and contingencies. Relatively minor differences relate to when financing must be in place for a liability expected to be...
-
1. What steps did Zappos take early in its life as a company to overcome the liability of newness? 2. What can entrepreneurs learn from Zappos experience about motivating employees and building a...
-
What is the relationship between the accounting equation and the double-entry system of recording transactions?
-
Why are adjusting entries necessary? Discuss in detail.
-
Write a program that animates quadratic probing, as shown in Figure 27.5. You can change the initial size of the hash-table in program. Assume the load-factor threshold is 0.75. Firefox...
-
An August 27, 1991, Wall Street Journal article reported that increasing numbers of small software firms are being absorbed by that industrys biggest companies. According to WSJ, the result of this...
-
The following bar graph shows net purchases of bond mutual funds. Does this graph tell us anything? $8 $6 $4 $2 $7.9 billion 0 J F M A M J J AS 1991 *Net inflow to bond funds excluding reinvested...
-
Using the graph in Fig. 2.17, answer the following questions: (a) Which company has the higher current ratio? (b) Which companys current ratio appears to be more stable over time? Fig. 2.17 0.6 0.5...
-
The accompanying pie chart presents data on why teenagers drink. Use information shown in the pie chart to answer the following questions: (a) For what reason do the highest numbers of teenagers...
-
Using the data in Fig. 2.3, analyze the average rates of return for (a) The DJIA (b) The S&P 500 (c) Tri-Continental Corporation Fig. 2.3 Rate of Return (%) 40 35 30- 25- 20- 15 10- 5 0 16.8 11....
-
From the following list of balances you are required to prepare a departmental income statement for the year ending 31 March 2011, in respect of the business carried on under the name of Jacks...
-
In the series connection below, what are the respective power consumptions of R, R2, and R3? R R www 4 V=6V P1-3 W; P2=3W; and P3= 3 W OP10.5 W; P2-1 W; and P3= 1.5 W P1=1.5 W; P2=1 W; and P3= 0.5 W...
-
Give the Niggli formula for a cyclosilicate anion containing 3 Si.
-
How does the fact that there are limited resources in the world relate to accounting information?
-
Accounting is sometimes characterized as dealing only with the past. Give examples of how accounting information can be of value in dealing with the future.
-
Distinguish between management accounting and financial accounting.
-
1 0 . What type of passing parameter based on the following code fragment? class Student { public static void main ( String [ ] args ) { Student s = new Student ( Ali , 2 1 ) ; printData ( s ) ; }...
-
Observe changes occurred in value of all registers, which is accessed by operand in Debug Mode, then fill the blanks. (Write all esi value in L1 and ebx value in L2) TITLE Practice08-1 INCLUDE...
-
ALGORITHM Brute ForceClosest Pair(P) //Finds distance between two closest points in the plane by brute force //Input: A list P of n (n 2) points p(x1, y),..., Pn(xn, yn) //Output: The distance...
Study smarter with the SolutionInn App