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2 years ago

List sevn important of accounting and keeping

Business

1 answer:

Klio2033 [76]2 years ago

5 0

Answer:

Accounting/bookkeeping

1. The income statement provides you with information about the profit and loss

2. The balance sheet gives you a clear picture on the financial position of your business on a particular date.

3. Bookkeeping is important because it helps you budget.

4. Tax Preparation. In most cases, your business has to file a tax return every year.

5. Organization. Being organized is a skill every business owner should have.

6. Analysis. Bookkeeping is important because it helps with business analysis.

7. Planning Purposes . Bookkeeping presents the past financial performance of your company.

Explanation:

Hope this helps, sorry if it is not

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If Buchi owns several financial instruments: stocks issued by seven different companies, plus bonds issued by four different companies, her investments are best described as a PORTFOLIO

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Portfolios are important for long-term financial goals even though the returns on such portfolios are not immediate.

According to the question, if Buchi owns several financial instruments: stocks issued by seven different companies, plus bonds issued by four different companies, her investments are best described as a PORTFOLIO

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1 year ago

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Coupon already expired issued on Jan 01, 2018

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2 years ago

Digital assets encompass any computer-related resources that are owned by an organization if the assets were created on the comp

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Answer:

The statement is: True.

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2 years ago

Which of the following would not be characteristic of a chain restaurant?

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C: ability to set your own hours of operation

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2 years ago

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Healthy Living, a diet magazine, collected $240,000 in subscription revenue on May 31. Each subscriber will receive an issue of

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Answer:

Revenue that has been earned by the end of December is $ 140,000

Explanation:

When entity uses the accrual method of accounting, the transaction is recorded as and when it occurs.

The subscription revenue received relates to services to be rendered over 12 months. Therefore the Revenue is recognised as magazines are issued over - time.

From the first issue June to end of December , there exists 7 issues of magazines.

Revenue to be recognised = $240,000 × 7/12

= $ 140,000

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2 years ago

List sevn important of accounting and keeping​

List sevn important of accounting and keeping