When discussing a financial report in a roleplay (accountant to director), how would you explain: overall profit/loss,
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Question:
When discussing a financial report in a roleplay (accountant to director), how would you explain:
- overall profit/loss,
- the effect accrual accounting has on this result
- why depreciate assets
- what is the Matching Principle
- what is the purpose of closing entries
Use language like ledger, accrual accounting, general journal, balance day, double-entry, depreciation, balance sheet, income statement and other industry terms.
Related Book For
Statistics The Art And Science Of Learning From Data
ISBN: 9780321755940
3rd Edition
Authors: Alan Agresti, Christine A. Franklin
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