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Accounting Questions and Answers (Q&A)

Explore hundreds of interesting Accounting questions and answers (q & a).... Read More Become a part of the community, collaborate with the like-minded people from across the world, and share answers about Accounting questions. You can also ask any question in case you do not find answers in our library or help someone by providing your best answer.
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 after a successful transaction. Some don't know there are other types of profit like accounting and...Read More

3 Answers

S. Barnes

Driving down to Knowledge town

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 Association of Accounting Technicians. Although both qualifications are basked in the United Kingdom, they are...Read More

3 Answers

The or8gin of the information that is recorded into the accounting
books

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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

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 determine which type of accounting you would like to do. There are two types, including managerial...Read More

2 Answers

Assets= liabilities + owners equity

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

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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 buying land for a business, you have to take into account many things. Once you actually settle o...Read More

2 Answers

They will remain the same even as production level changes

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