What is periodicity in accounting?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
In accounting periodicity means that accountants will assume that a companys complex and ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
Question Posted:
Students also viewed these Cost Accounting questions
-
Explain what the periodicity assumption means in accounting.
-
(a) How does the periodicity assumption affect an accountants analysis of accounting transactions? (b) Explain the term fiscal year.
-
The following are characteristics, assumptions, principles, or constraints that guide the FASB when it creates accounting standards. Relevance ........... Periodicity assumption Faithful...
-
WSU Small Business Booster Every year, Robin identifies a small business to invest her money in because she wants to support companies that WSU students have started. Robin named the program WSU...
-
A closed vessel having a volume of 1 liter holds 2.5 1022 molecules of ammonia vapor. For the ammonia, determine (a) The amount present, in kg and kmol, and (b) The specific volume, in m3/kg and...
-
On January 1, 2019, Aspen Company acquired 80 percent of Birch Companys voting stock for $288,000. Birch reported a $300,000 book value, and the fair value of the noncontrolling interest was $72,000...
-
Consider a short rate binomial lattice where the risk-free rate at \(t=0\) is \(10 \%\). At \(t=1\) the rate is either \(10 \%\) (for the upper node) or \(0 \%\) (for the lower node). Trace out the...
-
Fruity Juices, Inc. produces five different flavors of fruit juice: apple, cherry, pomegranate, orange, and pineapple. Each batch of product requires processing in three departments (blending,...
-
You have a credit card with an APR of 21%. The terms of your agreement say that your minimum payment is 3% of your balance or $25, Whichever is greater." You buy a computer for $375. If you make only...
-
Cinder Inc. is a Canadian-controlled private corporation based in your province. The company operates a wholesale business. The following information is provided for its year ended May 31, 2020: 1....
-
What is notes receivable?
-
What is petty cash?
-
Calculate the pH when 25.0 mL of 0.020 0 M 2-aminophenol have been titrated with 10.9 mL of 0.015 0 M HClO 4 .
-
Suppose that a company in the financial sector (which is a regulated sector) asks you for a clear identification of the risks to which it may be exposed, since the company wishes to equate the...
-
How would a short term investment in bonds to earn a return on funds that would otherwise be held as cash be classified?
-
Thompson Company is required to follow generally accepted accounting principles. They use absorption costing for financial statements provided to the SEC. However, production managers prefer variable...
-
Write an assembly code that compute the factorial of 3 numbers in variable num1 ,num2 and num3 and store the results in variable fact1,fact2 and fact3,(Hint:this all in one program not in separate...
-
Any taxpayer failing to provide requested information or failing to file a return after notice and demand, faces a penalty of what percentage of total tax liability assessed without regard to any...
-
What is the purpose of property, health, disability, critical illness, long-term care, and life insurance? What is meant by the term liability?
-
Funds are separate fiscal and accounting entities, each with its own self-balancing set of accounts. The newly established Society for Ethical Teachings maintains two funds-a general fund for...
-
Briefly define TinyOS and explain its goals as an embedded operating system.?
-
Consider the graph shown on the right. Find the strongly connected components of the graph. Whenever you use DFS and there is a choice of nodes to explore, always pick the one that is alphabetically...
-
After viewing the previous video, "Types of Operating Systems As Fast As Possible", explain the difference between embedded operating systems and desktop operating systems. (300-yep, you guessed it)...
Study smarter with the SolutionInn App