An accounting report is essential a report which must be able to fulfil certain basic criteria
Question:
‘An accounting report is essential a report which must be able to fulfil certain basic criteria ‘ Explain? List the various types of accounting reports.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
ANSWER An accounting report is a financial document that communicates relevant financial information to internal and external stakeholders To be effective an accounting report must fulfill certain bas...View the full answer
Answered By
Kalyan M. Ranwa
I have more than seven years of teaching experience in physics and mechanical engineering.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Predictive text entry systems are familiar on touch screens and mobile phones. This question asks you to consider how the same principles might be used in a programming editor for creating Java code....
-
Let r and s be solutions to the quadratic equation x 2 b x + c = 0. For n N, define d0 = 0 d1 = r s dn = b dn1 c dn2 (n 2) Prove that dn = r n s n for all n N. [4 marks] (b) Recall that a commutative...
-
Sales Order Processing Procedures and Processes Your group, after receiving a report prepared by a consultant hired by the company, compiles the following information: For some of the orders from...
-
An airplane has a ground velocity of 4 0 0 km / h , [ N 6 0 W ] . The plane is affected by a 9 0 km / h wind which is coming from the direction [ N 8 0 E ] . Determine the magnitude and the direction...
-
A rate of 0.42 minute per piece is set for a forging operation. The operator works on the job for a full eight-hour day and produces 1,500 pieces. Use a standard hour plan. a. How many standard hours...
-
For a liquid, which would you expect to be larger, S fusion or S evaporation ? Why?
-
The BirthRate variable in the AllCountries dataset gives the birth rate per 1000 people for all the countries in the world. Use technology to create a histogram for this variable, and describe the...
-
The following table shows some simple student data as of the date 06/20/2015: The following transactions occur on 06/21/2015: Student 004 changes major from Math to Business. Student 005 is deleted...
-
Our new client, Laser Company, is being audited for the first time on December 3I of Year 3, the end of its accounting period. In the course of our examination, we encounter in the ledger an assel...
-
Describe the various elements of a computer system and explain the distinctive features of a computer system and manual system.
-
Explain, using examples, the relationship between the organisational MIS and the other functional information system in an organisation. Describe how AIS receives and provides information to other...
-
The Auto Clinic is a wholly owned subsidiary of Fast-Check Equipment Company. Fast-Check Equipment sells and leases 4-wheel alignment machines. The usual selling price of each machine is $35,000; it...
-
You are to write in as much detail as possible explain about being an athletic director the following -What is your desired career path. (If you don't have one pick one that you'd like to learn more...
-
Establishing an organization / foundation to serve the community (i.e. service, industrial, educational, etc....), Whether it is a profit or non-profit organization. Then implementing what have been...
-
Study the operation of a supermarket, and list the JIT/Lean features in use. Look for special JIT/Lean practices such as supplier partnerships, and describe how they operate in a supermarket...
-
The What Works in Schools textbook, Marzano reports that there are 11 factors that affect student achievement. Of the 11 factors, which of them are completely out of the teacher's control? Since they...
-
Identify the non-conformance in the following scenario. Recommend suitable correction and corrective action for the nonconformance. [5] ong141012m SoftStrong, a glass company, has been audited. In...
-
Lyman Company bottles and distributes Livit, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2012,...
-
A copper sphere of 10-mm diameter, initially at a prescribed elevated temperature T;, is quenched in a saturated (1 atm) water bath. Using the lumped capacitance method, estimate the time for the...
-
Legal disclosure requirements imposed on limited companies act primarily to safeguard the interests of which of the following: (i) employees (ii) the general public (iii) shareholders (iv) long-term...
-
An investor has bought shares in a limited liability company. The business subsequently fails and is unable to pay employees wages or government tax bills. Which of the following statements is...
-
Which of the following statements is/are correct? (i) Shareholders of a company appoint the directors of that company. (ii) The shares of all limited companies are listed on the Stock Exchange. (iii)...
-
While reviewing the books at his firm, Uri noticed discrepancies between how the firm recorded revenues last year and how it elected to record revenues during the recent quarter of the current year.
-
Describe Activity-Based Costing and how it differs from Volume-based costing. How are Activity-Based Costing and Activity-Based Management related? Give Reference.
-
Working as an internal accountant in City Sol Man prepare an informal memo to the Vice President of City Sol Man detailing any quantitative or qualitative analysis supporting or not supporting the...
Study smarter with the SolutionInn App