1 . Briefly explain and discuss the following: a . Incomplete record in accounting b . Causes...
Question:
Briefly explain and discuss the following:
a Incomplete record in accounting
b Causes of incomplete records
c Weaknesses of incomplete record
d Solving the problem of incomplete records using
iComparison Method
iiAnalysis Method
Briefly explain and discuss the following:
a The accounting differences between a manufacturing firm and a trading firm?
b The production cost concept i Fixed Cost and ii Variable Cost
c The costs in manufacturing activities are i Raw material cost ii Labour Cost, iii
Direct Expenses, and iv Overhead Cost.
d The format of the manufacturing account for i Raw Material Calculation ii Labour Cost Calculation iii Cost of finished goods
Briefly explain and discuss nonprofit organizations as follows:
a Ownership and management structure
b Fundraising, liability, and financial record keeping
c Capital and revenue items
d Income Expenditure Account
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill