B. Compute for the dividend per share given the individual assumptions allocated for: 3. Preference shares k. Preference share capital is noncumulative and nonparticipating 1. Preference share capital is noncumulative and participating m. Preference share capital is cumulative and nonparticipating

Q: Describe the basic assumptions of accounting.

A: Accounting is a systematic process of identifying, recording, measuring, classifying, verifying,…

Q: Describe the reasons why financial accounting is useful?

A: Financial accounting is a specific branch of accounting involving a process of recording,…

Q: ow does the accounting conceptual framework apply to the following IAS? Or how does the conceptual…

A: Accounting standards refer to a defined set of rules and regulations and processes that formulates…

Q: explain the relationship between culture and the adoption of accounting practices

A: Culture includes the beliefs, ideas and customs followed by the individuals in a particular society.…

Q: Discuss the differences between financial and management accounting and support your arguments with…

A: We know that financial accounting and management accounting are two branches of accounting.…

Q: nciples- Based and Rules-Based Accounting Standards, which would you use and do you think that this…

A: Accounting Standard - An accounting standard is a collection of procedures and guidelines used to…

Q: Explain the accounting principle of adequate disclosure.

A: Accounting Principles: When reporting its financial data, companies are required to mandatorily…

Q: information would include ........ .

A: External users are people outsidebusiness entity who use accounting information.external users are…

Q: How does analyzing more and diverse data around us help answer accounting questions? Give a specific…

A: Data Analyzing is most important factor for the process of accounting/ Auditing. More you analyze…

Q: Explain voluntary changes in accounting principle.

A: An accounting principle is a general guideline to follow when recording and reporting financial…

Q: Compute accounting rate of return and explain its use.

A: Accounting rate of return in simple terms is an average rate of return of return from an investment.…

Q: Discuss briefly the different areas of accounting.

A: Accounting is the process of identifying, measuring, recording, and communicating financial…

Q: Question: computers play a significant part in current accounting practice. state two advantages of…

A: Computerized accounting system It is system under which the accounting information are recorded…

Q: What are some of the expenses associated with the provision of accounting data? What are some of the…

A: Will be explained:

Q: Differentiate accounting and auditing. Answer thoroughly.

A: Every business does lots of financial transactions, and these transactions should be recorded as per…

Q: How can financial statement users assess the quality of accounting Information?

A: A financial statement is a report that presents the financial performance and position of a company…

Q: Q#03: Draw and explain the hierarchy of accounting qualities?

A: Accounting Qualities are very important for the decision maker. The quantitative data is not…

Q: Question 2 Explain Dual Accounting System? Elaborate with the help of appropriate examples.

A: According to the dual aspect system, any business transaction must be recorded in two separate…

Q: How would you describe the accounting profit?

A: The answer is about the accounting profit:

Q: Which of the following is a fundamental quality of useful accounting information? Select one: a.…

A: The question pertains to the fundamental qualities that make accounting information useful for users…

Q: Evaluate the importance of accounting for accounting information users.

A: 1. Management 2. Shareholders 3. Creditors 4. Lender 5. Government & Regulators 6. Employees

Q: Name some users of accounting information.

A: Accounting is defined as an information system that reports the financial performance of a business…

Q: What is the importance of the matching principle in accounting? Provide an example.

A: The matching principle is an accounting rule that states that expenses and the revenue they…

Q: iscuss the main characteristics of decision-u

A: The decision-usefulness approach is a fundamental principle of financial accounting that focuses on…

Q: n your own words, what does relevance mean to you?  After tackling this topic, then research…

A: Relevance means the necessity of work at a specific point of time. Relevance means the work which we…

Q: How can you ensure that your accounting records are accurate?

A:

Q: Discuss all the concepts of accounting?

A: Accounting concepts are list of concepts which are require to be used by all kind of business to…

Q: Reccomendation

A: Ans. The major environmental factors that effects accounting system are : i. The economic…

Q: Why we need public accounting

A: Public accounting: When the public accountants provide services from a public accounting firm to the…

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A: External UsersInvestors and Shareholders: They use accounting information to evaluate the…

Q: Explain how and why some changes in accounting principle are reportedprospectively.

A: Changes in accounting principle: A change in accounting principle is said to be a change in a…

Q: How can the enhancing characteristic understandability be improved in high-quality accounting…

A: Accounting standards: These are rules and policies adopted by the management to present accounting…

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is