What is going concern principle and give the example of business situation of it

Q: 1. Define the term accounting and explain the importance of accounting in a business.

A: Hi Student, since there are multiple question so we will answer only 1st question, if you want…

Q: What is matching principle and give example of business situation of it

A: Accounting is a process which is followed by complying with various accounting principles. One of…

Q: Accounting information system design is influenced by a company's business processes and business…

A: Accounting Information System:- It is the framework or structure that a business or company uses to…

Q: What can you say about this statement, "Information should be treated as a business resource."

A: Business resources The primary factors of production and inputs into each organization's production…

Q: Why is it important to have a mission statement in developing a business plan

A: Business plan can be defined as the written document that formally contains goals or objectives of…

Q: Based on the picture below, what is the importance of accounting in business?

A: Accounting is the process of recording business transactions, classify them into appropriate…

Q: is the process which provides information needed as a basis of making business decisions.

A: History of accounting the city of commerce is California.

Q: Which of the following factors should influence business and accounting decisions?a. Economicb.…

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Financial accounting serves which primary function(s)?  a. Measures business activities. b.…

A: Financial accounting is a branch of accounting which deals into summarisation, analysis and…

Q: What is the so-called BUSINESS JUDGMENT RULE? Discuss

A: Business Judgment Rule:- The business judgment rule is a presumption that in creating a business…

Q: What are some of the uses that management may make of accounting information about individual…

A: In a company, generally, various divisions have been made according to the type and flow of work.…

Q: Why is accounting called the language of business? Support with example

A: Accounting is often called the “Language of business.” It is a means of communicating information…

Q: What are the uses of a business plan?

A: The business plan is the policy, directions, and instruction that help in achieving the objective of…

Q: The title of this textbook is Accounting: The basis for Business Decisions. a. How does the title…

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

Q: Do you agree with the following statement: "Accounting is vital to the success of a business?"…

A: Accounting refers to the process of recording the financial transactions related to the business .…

Q: What is business entity principle give example of business situation of it

A: Bussiness entity concept is one the accounting principles. It says that the bussiness and its owners…

Q: Explain the importance of a business report.

A: A business report is a report or a document which is essentially includes an array of data and…

Q: nizations? write down it's advan

A: There are 4 main types of business organization: sole proprietorship, partnership, corporation, and…

Q: What is a business activator?

A: The business is an organization that is managed by a group of people or by an individual to sell the…

Q: t is business law

A: Business Law: Business law is also referred to as mercantile law or the commercial law. It refers to…

Q: What does the going concern assumption mean for a business?

A: Going concern assumption: Going concern concept assumes that the business will remain in operation…

Q: ess goals and activities and describe the role of accounting in making informed decisions

A: Accounting is a medium of communication, like any languages that we use. For example, two people can…

Q: Accounting designed to meet the needs of decision-makers inside the business is referred to as…

A: Lets understand the meaning of management accounting. It is a type of accounting designed to meet…

Q: What role does business analytics play in accounting?

A: Data Analytics in Accounting can be used to uncover the behavioral patterns of your customers and…

Q: hat are the three types of financial management decisions? For each type of decision give an example…

A: In financial management there basically three decision in response to financial objective of wealth…

Q: How do you write a business problem statement?

A: A problem statement is defined as the problem faced by the business as well as identification of a…

Q: ng an important business activity? How does it affect th

A: Step 1   The purpose of financial planning is to determine how the company will be able to meet its…

Q: Differentiate between business plan and business model?

A: A business plan is a composed depiction of things to come for a business in the future. It's a…

Q: What is the business value of the Lexis-Nexis DSS?

A: Business valuation is the process of evaluating the economic value of a whole company or company…

Q: What are the two essential indicators of a business?

A: The question is based on the concept of indicators of a business. Setting and investigating…

Q: Describe accounting's internal role inside a business's internal operations and processes. What is…

A: A method of communicating financial data to users such as investors, people, or the government.…

Q: List the major components of a business plan. What components are ofprimary concern to you, and why?

A: A business plan is a structured document that outlines how an organization – typically a start-up –…

Q: What is management accounting practice? Explain briefly with relevant example. 2. What are the…

A: Answer: 1. Management accounting practice is the practice of knowing and evaluating financial…

Q: What are the checklist on making a business plan

A: A business plan is a roadmap of the business - it reveals the mission of the business and future…

Q: Do you agree with the following statement: "Accounting is essential to the success of a business?"?"…

A: Introduction Accounting is the process of documenting corporate financial transactions. It is the…

Q: Discuss Principle-Agent Problem and Give an example in the business world

A: Principal-Agent relationship is one where one party (Principal) gives another party (Agent)…

Q: what are the different form of business organization. Explain and write down there advantages and…

A: By different form of business organization, it means the different structure of business ownership,…