Read and interpret abalance sheet.

Q: Define LIFO conformity rule.

A: Last-in-First-Out (LIFO): In this method, items purchased recently are sold first. So, the value of…

Q: Define the term line positions.

A: Employees in the line positions are primarily responsible for achieving the goals of the…

Q: Define terminal date

A: Answer: In finance, horizon date is called as terminal value. It is the date from which individual…

Q: Define specific identification

A: Method of Inventory: Inventory refers to the current assets that a company expects to sell during…

Q: Define composition

A: Composition: The composition is the act of putting something jointly, or the grouping of rudiments…

Q: uisitions? Identify t cors and discuss em

A: Introduction : The core source of value destruction in an acquisition is due to entranced managers.

Q: To calculate the an part of the calcula

A: Amount realized means all forms of compensation received by the seller from the buyer. It can be in…

Q: Illustrate how interest on drawings will be calculated under various situations.

A: Drawings Drawing are refer as the amount of money which is withdraws for their personal use. The…

Q: Define declaration date

A: Answer: Declaration data is nothing a date the dividends are declared. This is usually done first…

Q: What is a user view?

A: Database Management:  Database management refers to management of databases held within an…

Q: Read and interpret anincome statement.

A: It shows the income generated by the company.

Q: Please compute for the letter E to L requirements.

A: Hi Student, since there are multiple subparts, we will answer only three subparts. If you want…

Q: Explain how directmaterials standards and directlabor standards are set

A: Cost Standards: Cost Standards are prepared to analyze the variances between the actual and the…

Q: ong form of the E e information and

A: Explanation : The semi strong form of efficient market hypothesis do state that the stock prices…

Q: Define the term internal users.

A: Internal users are people within a business organization who use financial information. Examples of…

Q: Differentiate the following terms - External and internal information

A: Internal data is information generated from within the business, covering areas such as operations,…

Q: How to calculate Specification identification

A: Inventory is considered as the items that kept in a business for production or sale or production.…

Q: Match each transaction with its related term: Terms Definitions

A: Adjusting entries: Adjusting entries are those entries which are recorded at the end of the year, to…

Q: Define window dressing

A: Introduction: Window Dressing is a short period plan to create financial statements and portfolios…

Q: What is meant by Authorized and issued captial?

A: Meaning of Authorised capital  stock:Authorised stock refers to the maxinum number of preferred…

Q: Describe the minimum number and types of events that an REA diagram must include.

A:

Q: Match the terms with the definitions.

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarising and…

Q: Describe recognition and measurement concepts.

A: Accounting concepts:   Accounting concepts are referred to the bask assumptions, principle and rules…

Q: Define operating activities.

A: Explain the meaning of operating activities:Statement of cash flows: This statement reports all the…

Q: Define the term external users.

A: An external user is a person outside of an organization who does not directly run its operations and…

Q: Define FIFO method

A: FIFO stands for , First in first out method , is an asset management and valuation method in which…

Q: Differentiate between source documents and vouchers.

A: A source document is generated routinely when the transaction takes place as a cash memo; invoice,…

Q: Match the items

A: Answer: Deferred Tax Liabilities – are always presented as non-current liability in the statement of…

Q: Explain how a Requirements Breakdown Structure (RBS) is typically constructed. What information does…

A: Necessities are conditions or assignments that should be tended to and finished to be acknowledged…

Q: Requirement Show your working

A: The calculations represented below shows the schedule of payment:

Q: Describe internal event with example.

A: Definition:   Accounting event: An accounting event is a transaction that is recorded in the books…

Q: Create a General Ledger.

A: In bookkeeping, a general ledger, is a bookkeeping ledger in which accounting data is posted from…

Q: Define structured note

A: A structured note is a debt obliged derivative that helps portfolio managers to provide their…

Q: ome will be reported using FIFO as

A: Since we answer only one question, we will answer the first question. Please resubmit the questions…

Q: Define call provision

A: The bonds refer to the debt securities that allow the issuer to raise capital from external sources,…

Q: a) Define the term contra entries?

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Define Prepayments.

A: Step 1 The outflow of money to reduce the liabilities occurred in the current accounting period…

Q: Define Source documents.

A:

Q: Çost sheet,

A: Definition: Production Cost: It is the expense that is paid for manufacturing the products. It…

Q: Define the term attest function.

A: