What Accounting is, Accounting Uses and Types of Users of Accounting Information (Introduction + Subject + Conclusion + References ) Without copy past please

Q: What is concern of external users of accounting information in GAAP?

A: Accounting information includes all financial statements like Balance Sheet, Income statements and…

Q: Which function do accounting information systems provide in current accounting procedures

A: An accounting information system (AIS) constitutes of gathering, storage, and processing of…

Q: Need help with accounting review

A: According to the accounting equation, a company's total assets are equal to the sum of its…

Q: What FASB Codification guidance would be used in writing a Accounting issue memo and an email to the…

A: The FASB Codification guidance notes are designed to help practitioners and financial statement…

Q: What is accounting base on

A: The term that is related to the recording of the business transactions, summarizing the data, and…

Q: What do the decisions based on accounting information include?

A: Accounting information is the collection and processing of the business transaction to conclude the…

Q: examples of decisions that can be supported by accounting information

A: Accounting information represents the financial information about the company which is useful for…

Q: "Lucky Ltd. invited applications for 50,000 equity shares of Rs. 10 each, payable as Rs 2 on…

A: A forfeited share seems to be an equity share investment that is canceled by the issuing firm.…

Q: differentiate internal user from external user of accounting information

A: Accounting is the detailed process of recording, classifying, summarising and reporting accounting…

Q: Mighty Muffler, Inc. operates an automobile service facılity that specializes in replacing mumers on…

A: Fixed cost remain fixed at all level of output where as variable cost will vary with the level of…

Q: which internal users need the accounting information

A: Accounting information data is the data that emerges from business exchanges. When distinguished,…

Q: Following is a bank reconciliation for Zocar Enterprises for June 30, Year 2: Cash Bank Account…

A: a.  Adjustment entry for recognizing the NSF check: Date Account Titles and Description Debit…

Q: Ivanhoe Corporation issues $330,000 of bonds for $346,500. (a) Prepare the journal entry to record…

A: BOND IS A FIXED INCOME INSTRUMENT THAT REPRESENTS A LOAN MADE BY AN INVESTOR TO A BORROWER .

Q: how you will use accounting information both as an internal and an external user?

A: The accounting is a process to classify and record the business transactions and prepare the…

Q: Who are the èxternal user's of accounting information

A: The accounting information is used by the external user and internal user. The External users are…

Q: Why is accounting referred to be an information system? Explain with an example from your own point…

A: Information system is a system which is designed to collect, store and process information for the…

Q: Why accounting information elements that may affect by stakeholders

A: Accounting is the process of recording, classifying and summarizing accounting information in such a…

Q: state the accounting equation and itss components - pls explain in details with examples

A: Accounting refers to the process of recording, posting, analyzing, and reporting the transactions of…

Q: What accounting information system provides?

A: An Accounting Information System (AIS) is a structure that a business uses to collect, store,…

Q: W

A: According to AICPA, "accounting is an art of recording, classifying, summarizing in a significant…

Q: Briefly explain the importance of independence of the accounting function in Accounting Information…

A: Accounting Information System: The system which helps to gather, store and process the accounting…

Q: What type of journal entry system is applied when accounting follows IFRS?

A:

Q: Peterson Furniture Designs Is preparing Its annual financlal statements dated December 31. Ending…

A: LC NRV rule requires that the inventory of an organization must be valued at its cost or the net…

Q: Question: briefly discuss what is an Accounting Information System? (AIS) briefly discuss.

A: An accounting information system is a mechanism for a business to keep track of all financial and…

Q: What is the function of the Accounting Information System in current accounting?

A: Accounting Information Systems are the systems that help the organizations to record their…