opinion
What are the advantages of electronic spread sheet?
The greatest advantage to spreadsheets comes from their most useful tool: mathematical formulas. Spreadsheet cells can be set up with formulas which can c...
Read Journal Category
Opinion
opinion
What is difference between FIFO and FIFO perpetual?
Assume FIFO perpetual is a maintenance of a single register for multiple years while FIFO as a closure of a register for every financial cycle with openin...
Read Journal
opinion
What is the dominant body in the primary development of accounting principles in the United States?
Within the United States, the dominant body in the primary development of accounting principles is the Institute of Management Accountants (IMA) American ...
Read Journal
opinion
What are the importance of ICT in accounting?
– Cost: ICT has increased the cost of accounting system as expenses are incurred on purchase of computer hardware and software. – Reliability: ICT has pro...
Read Journal
opinion
How can a transaction affect only one side of the accounting equation?
Only one side of the accounting equation will be affected when one asset is used to acquire another asset or to replace another asset, when one liability ...
Read Journal
opinion
What is a flexible budget and what is its purpose?
A flexible budget adjusts to changes in actual revenue levels. Actual revenues or other activity measures are entered into the flexible budget once an acc...
Read Journal
opinion
How is Owners Equity affected when cash is received from sales quizlet?
How is the owners equity account affected when cash is received from sales? The owners equity is not affected. What accounts are affected when you receive...
Read Journal
opinion
What should an office administrator be paid?
Salary Ranges for Office Administrators The salaries of Office Administrators in the US range from $15,288 to $187,200 , with a median salary of $48,540 ....
Read Journal
opinion
Why overheads need to be absorbed upon predetermined bases?
The absorption of overheads is not done based on the overheads incurred but based on some predetermined rates for absorption of overheads. Absorprtion of ...
Read Journal
opinion
Why do companies change fiscal year end?
Why Companies Vary Fiscal Year-Ends While there may be a variety of arguments for why companies might choose different fiscal year-ends, the main reason t...
Read Journal