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Why profit is added to capital?
why net profit add in capital in balance sheet.. why net profit add in capital in balance sheet.. Net Profit is the figure derived after dividend payable....
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What are internal factors of influence?
The internal factors basically include the inner strengths and weaknesses. Internal factors can affect how a company meets its objectives. Strengths have ...
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Do Big 4 auditors provide higher audit quality than smaller auditors?
For the supply side, the auditor choice is theoretically consisted of Big 4 and non-Big 4 audit firms. With their greater motivation to maintain reputatio...
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What do you mean by money measurement?
The money measurement concept (also called monetary measurement concept) underlines the fact that in accounting and economics generally, every recorded ev...
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How do customers use accounting information?
Some of the ways internal users employ accounting information include the following: Assessing how management has discharged its responsibility for protec...
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What is meant by business entity concept?
1 The business entity concept. The business entity concept states that the business is separate from the owner(s) of the business. Therefore the accountin...
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Is an S Corp A profit corporation?
Because S-corporations are pass-through entities, profit from an S-corporation qualifies for the deduction for pass-through business income. That is, you ...
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Where does loan interest go on income statement?
Interest Expense Interest expense is one of the core expenses found in the income statement. Interest is found in the income statement, but can also be ca...
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Where do accounts receivable go in the income statement?
This amount appears in the top line of the income statement. The balance in the accounts receivable account is comprised of all unpaid receivables. This t...
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Who started the gold standard?
Gold standard development from the 18th century Great Britain accidentally adopted a de facto gold standard in 1717 when Sir Isaac Newton, then-master of ...
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