how do i understand in accounting whats to be decreased and whats to be increased?

Q: What are the different approaches to income measurement in accounting theory, and what are the…

A: Income measurement in accounting theory refers to the process of determining and quantifying the…

Q: Explain the term income statement.

A: The income statement (IS) is one of three financial statements (FS) which records the financial…

Q: In general, what is the concept of earnings and profit designed to represent?

A: When addressing the bottom line of a company's income statement, the concept of earnings is most…

Q: hh

A: The variable costing income statement considers the variable cost as a part of the production and…

Q: What is accrual accounting and how does it work?

A: Accrual accounting is a system of accounting wherein: Revenues are recognized as and when they are…

Q: What is the difference between accounting income and cash flow?

A: Basis of accounting: It can be defined as the methodology that is used by the business to record the…

Q: What does the income statement measures?

A: Income statement: The financial statement which reports revenues and expenses from business…

Q: What are the typical elements that are itemized in the income statement?

A: Income statement is a statement that helps in determining the income or the profit and loss of a…

Q: which of the following is true of the effect of net loss on financial statements?

A: The objective of this question is to understand the impact of a net loss on a company's financial…

Q: What is accrual accounting?

A: Accrual basis of accounting is an accounting method based on which accrual transaction are recorded…

Q: What does the accrual-accounting model measures?

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

Q: What information do we get from the income statement?

A: Income statement is a financial statement which is prepared on periodical basis along with Balance…

Q: Does Derecognition only apply to the balance sheet? If so, Why? Why are other statements not used?…

A: Derecognition is the process of removing an asset or liability from the financial statements of a…

Q: income statement show

A: Income statement is a part of financial statements.

Q: How can we determine the net income from operations and then adjust the net income?

A:

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: What do I use in an Income Statement?

A: An Income statement is a part of the financial statements which shows the profits or losses earned…

Q: What are the different types of liquidity ratios in accounting?

A: Liquidity measures: Liquidity measures denote a company’s capacity to meet its current liabilities.…

Q: What items are not presented on the income statement?

A: Income statement:The financial statement which reports revenues and expenses from business…

Q: How do you treat net loss on a balance sheet?

A: Balance sheet: It refers to a financial statement that shows all the liabilities, assets, and…

Q: What differentiates things reported on the income statement from those reported on the balance sheet…

A: The Answer

Q: How do I know what should or shouldn't be on an income statement from a list?

A: Income statement or statement of profit or loss is prepared to determine the net profit or loss…

Q: How does the income statement affect the balance sheet?

A: Balance Sheet: It is also termed as the Statement of Financial Position. Balance Sheet represents a…

Q: What does the term 'accrual accounting principle' mean

A: The accrual basis of accounting is the process of recording revenues as they are earned and expenses…

Q: Distinguish between operating income and net income?

A: The main purpose of carrying on business operation is earning profits or income. It is the incentive…

Q: Explain in detail the difference between accounting value and market value.

A: The objective of this question is to understand the difference between accounting value and market…