2. What do you mean by Event? Differentiate between Economic Events and Non-Economic Events with examples.

Q: Differentiate between the money market and capital markets. Provide examples of both.

A: money market and capital markets are two important components of financial markets.

Q: 1. Explain why is it important to understand financial statements.

A: Hi student Since there are multiple questions, we will answer only first question.

Q: How does accounting provide useful information about economic activities?

A: Whenever a company wants to make decisions that include money that decision comes under the economic…

Q: Distinguish between economic events and support events and provide examples of each.

A: Definition: Economic event: Economic event means events that include transferring the ownership…

Q: In general, what is the concept of earnings and profit designed to represent?

A: When addressing the bottom line of a company's income statement, the concept of earnings is most…

Q: What do you mean by Financial Market?

A: Financial market: By distributing resources and producing liquidity for businesses and…

Q: what is the contrast the basic financial statements

A: Financial statements are written records that convey the business activities and therefore the…

Q: What is accounting? Also define its branches.

A: Every business, when it set up, has to know its plan of how it has to be carried on and what all…

Q: What are economic events?

A:

Q: Hence, he seeks your help to identify the functions of financial market. Which of the following…

A: A business market is such where people are allowed to do business by performing economic activities…

Q: what is accounting?explain it.

A: A business needs quantitative record of its over financial performance and financial position in…

Q: a) What is the purpose of internal earnings targets? (b) What is the risk associated with internal…

A: ‘’Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What does it mean that FIFO has a balance-sheet focus and LIFO has an income-statement focus?

A:

Q: What is financial accounting's principal purpose?

A: The financial accounting main and principal purpose is to allow the third parties to assess the…

Q: Which of the following associations would most likely describe the relationship between an internal…

A: Economic Event: Economic event means events which include transferring the ownership of resource…

Q: The following question pertain to the financial sta

A: substantive audit procedure are processes, steps, tests performed by auditors, which creates…

Q: 1-what are the relations between economics, finance, and accounting? 2-what is the difference…

A: the economics provided a broader picture of the economic environment for making the decisions in…

Q: What do you mean by materiality concept in accounting?

A: Materiality concept:Materiality concept refers to a condition wherein, the financial information of…

Q: What is the important of Accounting

A: Accounting is the process of systematically recording, measuring, analyzing and communicating…

Q: Each economic event or transaction will have a dual effect on financial position. Explain what is…

A: Accounting transaction: Accounting exchanges are those exchanges that legitimately influence the…

Q: What is financial market? Explain its functions.

A: Financial Markets refers to the market place where the trade of financial instruments, securities…

Q: How does financial accounting perform its fundamental function?

A: This question clarifies how financial accounting carries out its primary duty.

Q: The basic purpose of accounting is to provide information about economic activities intended to be…

A: Accounting is a system meant for measuring business activities, processing of information into…

Q: do the terms dehit and credit signify increase or decrease or can they signify either ? Explain

A: The effect of debit or credit on an account depends upon the nature of that account. It depends…

Q: how is financial management related to economics on the one hand and accounting on the other hand.

A: Financial Management: It refers to the planning, directing, organizing & controlling the…

Q: Is Capital debit or credit?

A: As per Business Entity concept Business is treated as an entity which is different from Proprietor.…

Q: Explain the relationship of Social and Economic Accounting to Financial What are the features of the…

A: Answer: Social and economic accounting and financial are all related with each other. The basic…

Q: what the difference between accounting income and economic income?

A: Accounting income can be defined as an estimate of the performance in the operations of the company.…

Q: What is a financial instrument?

A: Introduction: A financial instrument is a physical or computer-generated document showing a legal…

Q: what is the difference between finance and accounting?

A: Finance means the management of assets and liabilities of a business organisation to focus upon…

Q: How can economic equivalence at the period o be established?

A: The question is based on the concept of economic equivalence.

Q: What are the principle of accounting

A: Principles of accounting are the rules and regulations that must be pursued by an organization when…

Q: Which one of the following is an internal characteristic that can affect the value of an investmen…

A: Internal Characteristics mean factors within the organization. It excludes political events,…

Q: Which theory predict the facts but not assume any particular outcome? O a. Normative theory O b.…

A: The question is multiple choice question. Required  Choose the Correct option

Q: What are economic agents?

A: Examples of economic Agents: Departmental heads, production manager (internal agents), and supplier…

Q: y each financial assertion is i

A: Financial assertion : In simple words, financial assertions can be understood as the opinion in…

Q: What is the aim of accounting, to put it in the broadest possible terms?

A: Introduction: A business's financial events and transactions may be summarized and recorded in…

Q: Accountants refer to an economic event as a

A: The accountant is the person that keeps a record of all transactions of the company. The accountant…

Q: Financial assets in the economy include all but which one of the following?

A: A financial asset is a liquid asset whose value is derived on a legal claim or ownership interest.…

Q: What is the relationship between time, risk and money?

A: Required rate of return is the rate expected by the investors for investing the money.

Q: What do you mean by the term "income approach"?

A: The income approach is a real estate valuation technique that is computed by dividing the…

Q: finance

A: The objective of each economics is to provide the answer on how to best allocate scarce resources.…

Q: Explain the types Earnings?

A: Earning is the amount of income that an individual or organization receives during a year.

Q: What is financial market? Explain its functions

A: Since we answer one question, we will answer the first question. Please resubmit the question and…

Q: What is the relationship among economics, finance, and accounting?

A: Accounting, finance and social science are all connected fields, and every one typically specialize…

Q: 1. What is financial market? Answer: Source/s:

A: FINANCIAL MARKET-         Financial markets refer broadly speaking to any marketplace wherever the…

Flow of Funds

The flow of funds is the financial accounts of the nation, which monitor and control the cash flow among various sectors or industries, or markets. Central banks use these flow of funds statements to acquire macroeconomic data, to publish cash inflow and cash outflow statements of the nation. This flow of funds system is utilized to identify economic activity and changes in the economy. It is used by Federal Reserve to determine the Gross Domestic Product (GDP) of the nation and to implement monetary policy and fiscal policies.