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What are the advantages of creating user?
Create Separate Accounts on PC The advantages of setting up separate user accounts are: You can set up accounts with different privileges for each user, a...
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What is the stable monetary unit assumption?
The monetary unit assumption as it applies to a U.S. corporation is that the U.S.dollar (USD) is stable in the long run. That is, the USD does not lose it...
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Is an informal report that lists accounts and their balances?
Accounting Terms (Unit 1) A B trial balance An informal listing of the ledger accounts and their balances in the ledger to aid in proving the equality of ...
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Who needs financial statements and why?
Financial statements are important to investors because they can provide enormous information about a company’s revenue, expenses, profitability, debt loa...
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What are two uses of a journal?
Uses of a general journal are: -to record the purchase of fixed assets on credit. – to record opening entries. – to record closing entries. What are advan...
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What type of fund is a special revenue fund?
A special revenue fund is an account established by a government to collect money that must be used for a specific project. Special revenue funds provide ...
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What does barometer mean in Greek and Latin roots?
barometer (n.) 1660s, from Greek baros “weight” (from suffixed form of PIE root *gwere- (1) “heavy”) + -meter. Who invented the barometer? Evangelista Tor...
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When to file joint tax return with deceased spouse?
In that case, you’d file a joint return with your new spouse and file your deceased spouse’s return as Married Filing Separately. If your spouse died in 2...
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Can I take a short term loan from my business?
No, compared to other business loan choices like long term loans, a short-term loan is not difficult to obtain. Lenders don’t require a stellar credit sco...
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Is disability pay included in gross income?
Disability benefits are included in gross income where benefits are attributable to contributions made by the employer. Payments which an employer withhol...
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