There are three types of organizations namely manufacturing, services and trading sectors, choose any one organization from each sector of your choice and name 5 Assets, Liabilities, Expenses and revenue from them.

Q: Use the flowchart above to answer these questions: a. What accounting document is represented by…

A: A flowchart depicts the individual phases of a process in a logical sequence. It is a general tool…

Q: 1. What are the four levels of activity in the pyramid representing the business organization ?…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: two methods of acquiring accounting information sysytem, and list there disdvantages and advantages

A: Accounting information systems is a system of collection, processing and storage of accounting and…

Q: list down the various levels, methods and approach of earning management

A: Answer: Earning management is the accounting term that is used to present different financial…

Q: Each economic event in an REA diagram is always a. linked to at least two resource entities. b.…

A:

Q: The branch of accounting that deals with evaluating the cost of products is called: O a. Financial…

A: The branch of accounting that deals with the cost of products is used to ascertain and allocate the…

Q: The objective of Human resource accounting in the modern organizations is to____ a. Attract the…

A: The correct option is  B. All of the given options

Q: Typically accounting tasks include all off the following tasks except

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

Q: The financial data on the financial reports is built or generated on the base of A. Single entry…

A: Financial accounting is one of the important and useful branch of accounting. Under this, financial…

Q: A central issue in reporting on industry segments of a business enterprise is the determination of…

A: Segment Reporting Generally given as disclosure in the financial statements. Reporting in financial…

Q: Accounting information systems have five generic elements . Which of the following pairs includes…

A: Accounting information systems are tools/softwares used by entities to collect, record and Storge…

Q: In the value chain concept, upgrading E-Commerce is considered. What kind of activity?

A: The value chain concept was first introduced and popularized by Michael porter and since then has…

Q: The efficiency of recording numerous business transactions can be best improved by the use of OA.…

A: Transactions are the exchanges that happened between two parties and that transaction can be…

Q: Under current GAAP, most resources of a business entity are to be valued in its financial statements…

A: Under current GAAP system which are set of accounting principles That guide financial statements…

Q: Match each transaction to one of the following activities of an organization: financing activity(F),…

A: Statement of cash flows reports all the cash transactions which are responsible for inflow and…

Q: How are the value chain and management accounting related?

A: Because you asked many questions, we will resolve the first one for you. Please mention the question…

Q: Micro-business entities can use which basis of accounting

A: Micro business entities have the option to us any of the following basis of accounting in the…

Q: Components of an accounting information system Measures working people hardware all of the above

A: The accounting information systems records and process both the financial and non financial…

Q: Define LIFO inventory pools.

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

Q: The following are subsystems of the Accounting Information System, EXCEPTa. Transaction Processing…

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Q: Which of the following information items with regard to a major customer must be disclosed? a. The…

A: According to the disclosures requirements , if a company is making sales to major customer , then…

Q: In the REA data modeling technique, the identifiable objects that have economic value to the…

A: In the REA (Resources, Events, Agents) data modeling technique, resources are the identifiable…