Accounting in modern age is regarded as?

Q: Explain the political cost hypothesis of Positive Accounting Theory.

A: Positive accounting:   It is referred to as the branch of accounting research that helps to explain…

Q: What is taxation?

A: Required  What is taxation?

Q: Who benefits the least from accounting regulation? Why?

A: The entity engages in day-to-day operations to provide goods and services to the customers and as a…

Q: What can be understood from the term Accounting diversity?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Explain the major component of financial system?

A: The financial system is critical to the functioning of the economy because it facilitates the flow…

Q: Do you think that the so-called equity theories of accounting are really theories in the scientific…

A: Yes. equity theories of accounting are really theories in the scientific sense.  the real owners are…

Q: What is management accounting?

A: Financial accounting: Financial accounting is different from managerial accounting. Financial…

Q: Explain Financial Engineering?

A: Introduction: Financial engineering is nothing but application of quantitative methods in financial…

Q: What is financial analysis?

A: The question is based on the concept of financial decision making. Financial analysis are the set of…

Q: what is accounting and why do we need it?

A: Accounting is the art of recording,  classifying and summarizing business transactions to take…

Q: Accounting Can you explain The Advantages of the Gold Standard?

A: Introduction: The "gold standard" is a monetary system that directly correlates the value of a…

Q: Who benefits the most from accounting regulation? Why

A: Accounting Regulations means the accounting laws, statutes, regulations, rules, standards and…

Q: Definition of income measurement?

A: The income statement is one of the financial statement of the business.

Q: What do you think? Is accounting an art or a science? Please elaborate why you believe your answer…

A: Accounting :— Accounting is a Process of Recording the Financial Transaction related to the…

Q: What is a financial instrument?

A: Introduction: A financial instrument is a physical or computer-generated document showing a legal…

Q: FINANCIAL GATEWAY

A: Finance refers to the description of activities, debt, funds, credit, leverage, etc in a company. It…

Q: What concepts of mathematics are important in the field of accountancy?

A: Accounting: It is the process of recording, classifying, summarizing all transactions of a business…

Q: Examine the advantages and disadvantages of interpretative accounting theory

A: Introduction : Interpretive Accounting theory has developed and contributed significantly to our…

Q: Explain Capital Accounts?

A: Capital :                 Generally refers to the amount invested in an enterprise by its owners eg…

Q: What is the purpose of accounting in society?

A: Accounting is the measuring, recording, classifying and communicating financial information to the…

Q: What is the benefits of subject accounting in our future? And what is the importance of the subject…

A: Managers, owners, and other stakeholders can use final accounts to get a sense of a company's…

Q: Discuss why accounting is or is not a social science

A: Accounting is a process of recording the day to day transactions of the company, processing it, and…

Q: Why can we not invest net income? Explain with an example?

A: The net income is the net profit of the company earned during the period. The net income includes…

Q: what makes accounting a valueable discipline?

A: Accounting, often regarded as the language of business, holds a position of paramount importance in…

Q: Why we need public accounting

A: Public accounting: When the public accountants provide services from a public accounting firm to the…

Q: y each financial assertion is i

A: Financial assertion : In simple words, financial assertions can be understood as the opinion in…

Q: Accounting and Accounting theory are deeply rooted in  general systems theory. Discuss

A: A framework of collecting and organizing a set of elements to achieve a common objective is known as…

Q: Describe Corporate Gvernance?

A: Corporate governance is the set of rules, procedures, and processes that guide and control a firm.…

Q: What is financial advisor

A: A financial advisor may be a general term used for various financial professionals like insurance…

Q: Define financial system?

A: Financial System is a set of institutions which includes banks, insurance companies, and stock…

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is