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Financial Accounting Questions and Answers (Q&A)

John Smith
Answered: Mar 29, 2020
Credit side of Profit & Loss account

1 Answer

312 views
Tayhampton
Answered: Mar 29, 2020
Liabilities, stockholders equity, and revenues

1 Answer

261 views
John Smith
Answered: Mar 29, 2020
Conservatism.-under the conservatism constraint, when alternative accounting methods are appropriate, the one having the less favorable effect on net income and total assets is preferable. however,...Read More

2 Answers

242 views
Dbv_rulez
Answered: Mar 29, 2020
Depreciation areas enable calculating different depreciation values in parallel for a fixed asset according to the requirements of a specific country or economic area.
Depreciation areas are...Read More

1 Answer

239 views
John Smith
Answered: Mar 29, 2020
Conservatism.-under the conservatism constraint, when alternative accounting methods are appropriate, the one having the less favorable effect on net income and total assets is preferable. however,...Read More

1 Answer

239 views
M. Kennedy, Web Content Writer
Answered: Feb 20, 2019
The correct answer is option B
Operating expenses is also known as operating expenditure, operational expenditure or operational expense. These expenses are expenditures that a busine...Read More

2 Answers

232 views
Tayhampton
Answered: Mar 29, 2020
Adjust the balances of asset and liability accounts for unrecorded activity during the period

1 Answer

232 views
Tayhampton
Answered: Mar 29, 2020
Income statement, statement of stockholders equity, and balance sheet

1 Answer

229 views
F.Brian
Answered: Jan 29, 2018
In the event that a company would use the allowance method of accounting for uncollectible accounts and writes off a specific account net accounts receivable would not change. To clarify a few...Read More

2 Answers

226 views
Zsinmakkah
Answered: Mar 29, 2020
Historical Value

1 Answer

223 views
Tayhampton
Answered: Mar 29, 2020
Resources of the company equal creditors and owners claims to those resources

1 Answer

221 views
Mm
Answered: Mar 29, 2020
Bad debt expense is recorded during the year of the credit sale

1 Answer

220 views
John Smith
Answered: Mar 29, 2020
Debit Fixed Asset Disposal and Credit Fixed Asset Cost

1 Answer

219 views

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