world affairs
What qualities do you have as a student?
Some of the qualities possessed by good students are: Self-Discipline. Discipline is a must in a student’s life. Diligent. A student should be determined ...
Read Journal Category
World Affairs
world affairs
Which is better job vs business?
Comparing Job vs Business : There is no limit on how much and how fast you can earn as a Business owner. Whereas in Job you will have to wait for a certai...
Read Journal
world affairs
When the revenue earned is same as expenses incurred for that it is known?
The matching principle is an accounting principle which states that expenses should be recognised in the same reporting period as the related revenues. Wh...
Read Journal
world affairs
How is profit shown in balance sheet?
Any profits not paid out as dividends are shown in the retained profit column on the balance sheet. The amount shown as cash or at the bank under current ...
Read Journal
world affairs
What are the functions of statistics?
Functions of Statistics: To Present Facts in Definite Form: We can represent the things in their true form with the help of figures. Precision to the Fact...
Read Journal
world affairs
How do you Journalize direct materials?
Requisitioning Materials Company accountants must account for direct and indirect materials separately. The journal entry for direct materials, that is, m...
Read Journal
world affairs
What is an example of a variable expense?
Typical household variable expenses might include: The cost of household maintenance such as painting or yard care. General expenses such as clothing, gro...
Read Journal
world affairs
Do assets become expenses when they expire?
Asset prepayments become expenses when they expire. 32. A contra asset account is subtracted from a related account in the balance sheet. Is prepayment a ...
Read Journal
world affairs
What do you mean by social accounting?
Social accounting (also known as social accounting and auditing, social accountability, social and environmental accounting, corporate social reporting, c...
Read Journal
world affairs
Are business cards advertising or office expense?
Yes. Business cards as office supplies are tax-deductible. In the same way, the cost of printing business cards is tax-deductible as an advertising expens...
Read Journal