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Accounting Questions and Answers (Q&A)

H. Jones, Web Content Writer
Answered: Sep 11, 2019
CAT and AAT are two different qualifications. However, many people don’t know their differences. CAT is the acronym for Chartered Certified Accountant, and AAT is the acronym for...Read More

4 Answers

S. Nicole, Wordsmith
Answered: Sep 25, 2019
When you don't have more understanding about some business terms, you are very liable to misinterpret those terms. What most people know about profit is actually the gain an investor generated...Read More

3 Answers

Lilibethlee, Wordsmith
Answered: Jan 18, 2017
The or8gin of the information that is recorded into the accounting
books

3 Answers

John Adney, Wordsmith
Answered: Jun 08, 2017
Why? Could you please explain your reasoning and expand on your thought process so we can understand why this is the correct answer?

3 Answers

H. Martin, Content Writer
Answered: Aug 13, 2019
Financial management happens to be relative, a new branch of accounting, which is implemented in managing an individual, business, or organization finances. It is targeted towards helping to...Read More

2 Answers

C. Wasek, Philanthropist
Answered: Aug 22, 2019
Accounting is a broad field where there are many different avenues to take. If you are a college student interested in numbers, you may want to go into accounting. However, you will need to...Read More

2 Answers

Melreyes, Philanthropist
Answered: Feb 07, 2017
Assets= liabilities + owners equity

2 Answers

The entries to revenues accounts such as Service Revenues are usually called debit.

2 Answers

John Adney, Philanthropist
Answered: Nov 23, 2017

When it is probable that economic benefits will flow to the entity from the asset and it can be reliably measured

2 Answers

L. Bonadio, Teacher
Answered: Jan 03, 2019
The cost of land should include the cost of removing unwanted buildings and the cost of grading and clearing the land. In other words, the correct answer is D: both A and B. When you’re...Read More

2 Answers

John Adney, Teacher
Answered: Jul 21, 2017

They will remain the same even as production level changes

2 Answers

A. Cook, English Professor
Answered: Jun 20, 2019
The correct answer to this question is C, Acquisition value for a subsidiary. IFRS stands for International Financial Reporting Standards. These standards are used in accounting. It provides a...Read More

2 Answers

John Adney, English Professor
Answered: May 06, 2017
What piece of company information better explains companies stock price performance?

1. Balance Statement

2 Answers

C. Kenway, Content Writer
Answered: Jun 27, 2018
A management accountant should consider the cost relevant when the expected future cost will be different for each option. It should be remembered that there are different paths that things can...Read More

1 Answer

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