Aty Kran Marwy invocad Samson fox $23.790and how to acce1700 of s 3001 a common clock in Sulayment for sswoce Sanson and the common stock to Actamey Maloney on January 29 cord the stockissance tamation for Sanson Fends In Pency Exclate exparations from any pure) January 23 Sam Corporation 1,700 shares of 50 05 pare cannons to Ay May Journal Entry Dal Jan 29 Accounts Credit

Q: ow to do a P&L statement

A: A profit & loss statement shows the organization's revenue, expenses, and its profit for a…

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Q: What is full form of GAAP? Describe about it.

A: Generally Accepted Accounting Principles, are commonly known as GAAP

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A: Financial Accounting- It is the branch of accounting that records events of financial nature that…

Q: Why is a source document important? List some examples of source documents.

A: Source documents refers to the documents pertaining to a business transaction. It captures the key…

Q: Define customers

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A: Amalgamation is accounted for using any of the two methods based on the criteria met viz, pooling of…

Q: Define the term realization principle.

A: Accounting: Accounting refers to the information system, where the economic activities of a…

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Q: Define the term Net method.

A: As per the net method, the company records the amount of purchase by deducting any potential…

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A: In classified board structure, certain board of directors are classified depending on time length of…

Q: Define charter

A: Introduction: Charters are legalized documents that lawfully set up corporate companies. Only…

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A: GAAS(Generally Accepted Auditing Standards) :- provides standards by which the prepared financial…

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A: Financial reporting means representing records maintained by an organization in the form of…

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Q: Describe about the assignor.

A: Contract:      Contract refers to an agreement between two parties which is legally enforceable by…

Q: Working/Application of ABC analysis?

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