1 The final closing entry to be journalized is typically the entry that closes the O a. Owner's drawings account ОБ. Еxрense accounts O . Revenue accounts O d. Owner's capital account

Q: What are the different Decision support systems in accounting? (basic accounting decision support…

A: A decision support system is an interactive data platform that analyses huge amounts of data in…

Q: What are the two fundamental qualities of accounting information? O A. Faithful representation and…

A: Accounting information indicates the financial data arises through recordings and bookkeeping. It…

Q: For which type of learning outcomes would be the essay test be least useful? A. Understanding of…

A: in the essay test , test is taken from the candidate and candidate is given to write an essay on the…

Q: What is ABC system in accounting? Explain with example?

A:

Q: How does analyzing more and diverse data around us help answer accounting questions? Give a specific…

A: Data Analyzing is most important factor for the process of accounting/ Auditing. More you analyze…

Q: Critically comment on Positive Accounting Theory (PAT) (

A: Accounting is a process that involves the recording of the transactions of financial nature.

Q: atements,” of Accounting. What is a standard-setting environment?  How can I Identify 1 example and…

A: Accounting - Accounting is the process of documenting a business's financial transactions. These…

Q: What does the term dual aspect mean in terms of accounting?

A: Accounting is the process of recording, classifying, analyzing, interpreting, and communicating…

Q: Analyze current major accounting research tools. Discuss the deductive, inductive, and pragmatic…

A: Accounting research looks at how people, businesses, and governments use accounting, as well as the…

Q: What type of internal and external accounting reports will you use in the process of making…

A: Internal accounting reports are managerial reports which are generated for use by managers at…

Q: Why shall accounting students need to study accounting theory? Choose one of accounting theories you…

A: Accounting theory means those theories which are used to study and in the application of accounts…

Q: n your own words, what does relevance mean to you?  After tackling this topic, then research…

A: Relevance means the necessity of work at a specific point of time. Relevance means the work which we…

Q: There are 3 basic principles in developing an accounting information system, t

A: Accounting information system: the accounting information system is a system created by a business…

Q: Discuss all the concepts of accounting?

A: Accounting concepts are list of concepts which are require to be used by all kind of business to…

Q: Why should you as accounting student need to understand normalization

A: Normalization techniques are important because they help in proper storage of data by eliminating…

Q: On your own words, outline the accounting principles and assumptions and explain each one

A: The term 'Principle' refers to fundamental belief or a general truth which once established does not…