In term of the detir Theory. which stat coherent set? а. Accounting theory inquiry

Q: Describe the basic assumptions of accounting.

A: Accounting is a systematic process of identifying, recording, measuring, classifying, verifying,…

Q: what are the charatristics of accounting

A: The answer is as fallows

Q: describe uses and limitations of the balance sheet in fi nancial analysis;

A: Introduction: The balance sheet provides users with information on the firm’s assets, liabilities…

Q: What is a classified balance sheet?  Give examples?

A: Classified balance sheet: The main elements of balance sheet assets, liabilities, and stockholders’…

Q: Describe the accounting applications of present value techniques.

A: Present value: This is the amount of future value reduced or discounted at a rate of interest till…

Q: what is the contrast the basic financial statements

A: Financial statements are written records that convey the business activities and therefore the…

Q: what is intermidiate accounting? explain further in your own words

A: Intermediate accounting is a level of accounting education and practice that falls between basic or…

Q: How does management accounting differ from financial accounting?

A: State the way in which the management accounting differs from financial accounting:Accounting is an…

Q: What is accounting? Also define its branches.

A: Every business, when it set up, has to know its plan of how it has to be carried on and what all…

Q: What is the relationship between accounting theory reporting and?

A: This question illustrates the connection between accounting theory and reporting.

Q: Materiality is an entity-specific aspect of which of the qualitative characteristics of financial…

A: Materiality is an aspect of relevance in entity specific... The concept of materiality is relevance…

Q: What purposes are served by a comparative study of financial statements?

A: Purposes served by comparative financial statements:Comparative financial statements analysis the…

Q: 1. Example evaluation of financial statement.

A: Introduction:- Financial statement analysis is used to evaluate business performance. Financial…

Q: How to prepare pro-forma income statement?

A: Income statement is a statement which shows all incomes, expenses for calculation of net profit or…

Q: What is an acquisition differential and where does it appear in the balance sheet?

A: INTRODUCTION: A balance sheet is a financial statement that shows the assets and liabilities of a…

Q: Define the term financial statements?

A: Financial Statements: When the accounting period ends, there is a need to report and communicate the…

Q: hat are the relationship between framing effect and mental accounting?

A: Mental Accounting: Mental accounting refers to the various values an individual places on the same…

Q: Discuss theissues involved in managing returns.

A: In business scenario, returns and allowances are frequent and common place events. An entity…

Q: Differentiate Financial Reporting and Management Reporting. How are they related?

A: Financial report shows the financial results of the company which has already achieved. Management…

Q: Review the basic assumptions of accounting.

A: Financial accounting structure: A system that records, maintains, and creates reports for the…

Q: nship or differences between Accounting and accountability?

A: Accounting: Every business has various types of transactions like monetary, goods and services. To…

Q: Annie purchases a television set from a seller who seeks P 12,500 after 60 days (cash in 60 days).…

A: Time value of money is a concept which states that the worth of one unit of currency in today's time…

Q: Define a comparative balance sheet?

A: A comparative balance sheet presents the information about the Assets, liabilities and Equity side…

Q: What are the measure of outputs in accounting?

A: The objective of this question is to understand the various measures of outputs in the field of…

Q: what the difference between accounting income and economic income?

A: Accounting income can be defined as an estimate of the performance in the operations of the company.…

Q: What are the different objectives of accounting?

A: Accounting: An organization's financial transactions are recorded through accounting. Reporting…

Q: Examine the advantages and disadvantages of interpretative accounting theory

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

Q: Discuss the roles of accounting theory.

A: Accounting is defined as work carried out by the bookkeeper or an accountant in which the business…

Q: what is the process of projecting the income statement

A: Income statement forms a part of financial statements and is prepared with a view to calculate the…

Q: Describe the rules of accounting rate of return.

A: The accounting rate of return (ARR) is the percentage rate of return expected on investment or asset…

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: Which theory predict the facts but not assume any particular outcome? O a. Normative theory O b.…

A: The question is multiple choice question. Required  Choose the Correct option

Q: accounting standerds

A: Accounting standards are standards for financial reporting. They’re the primary source of accounting…

Q: Explain Objectives of Financial Statements.?

A: Financial statements are representative of financial performance of organisation during given period…

Q: 1. Compare and contrast the view of accounting from the following three perspectives: a. Normative…

A: The act of measuring, processing, and communicating financial and other information about…

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…