What is time period principle and give example of business situation of it?

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: 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: How does the time period assumption affect an accountant's analysis of business transactions ?

A: Time period assumption state that business organizations are required to prepare and present their…

Q: Why we need a balance sheet for company?

A: Balance sheet is very important because it will help the investors of company to know about the…

Q: how managers (internal user) and customers (external user) use accounting information?  Give one…

A: Introduction:- Users of accounting information are classified into two types as follows under:-…

Q: Accounting function definition in a firm. Whence comes the function, and why is it required? What…

A: Accounting is the systematic and detailed documentation of a company's financial transactions in a…

Q: step

A: Business analytics is an emerging trend that is changing the traditional ways enterprises do…

Q: (a) What is the most important output of the accounting cycle? (b) Do all companies have an…

A: (a) Explain the most important output of the accounting cycle. Financial statements such as income…

Q: What is a Balance Sheet and why is it important in a business?

A: Balance Sheet is a financial statements prepared for assessing the financial position of a company.…

Q: Business cycles are in

A: The statement is true

Q: What are the outputs of the accounting cycle, why are they important and how are they interrelated?

A: Outputs of the accounting cycle-First of all, we need to understand what is an accounting cycle.  An…

Q: organization chart is

A: Organizational chart represents it's structure and defines the relationship between each executives…

Q: accounting cycle

A: Accounting shows the process by which the company records the financial and nonfinancial…

Q: Explain an example of accounting process cycle.

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

Q: What is the importance of forecasting revenue and cost in the business?

A: The forecasting is a tool or technique that helps to forecasting the future revenue with the help of…

Q: Why would a start up business transition through organizational forms?

A: Organizational form primarily refers to the type of ownership and legal structure of a business…

Q: QUIRED: Identify business and nonbusiness transactions

A: Business transactions are identified as economic events that are made with a third party and these…

Q: Define accounting period cycle? And balance sheet?

A: Accounting is a system of recording analyzing and summarizing the day-to-day business transactions…

Q: what is the function of accounting cycle?

A: Bookkeeping means recording the transactions which have any monetary value. It is the business…

Q: What is the accounting cycle?

A: Accounting cycle means the process of collecting, processing and reporting of the financial…

Q: r company?

A: The balance sheet is one of the reports of a financial statement that provides information about the…

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

A: Going concern principle in accounting refers to the concept which implies  that a business  is…

Q: Explain the progress of business analytics during the time

A: The business Analytics is the important tool to make a sound commercial decision.  It impacts…

Q: Identify steps in the accounting cycle.

A: Accounting cycle: Accounting cycle is a step by step process that starts with the analyzing the…

Q: What are the types of Balance Sheet analysis and how can it help a business.

A: Balance sheet: The balance sheet depicts a company's financial position by recording all of its…

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: How many steps are there within the Business Operation Cycle

A: This operating cycle is necessary to estimate the working capital of the company. Working capital is…

Q: What are the steps of the accounting cycle?

A: Accounting cycle is a cycle which defines as the overall accounting process starting from the step…

Q: what is the accounting equation?

A: Accounting: It is defined as a process of gathering, recording, summarizing, analyzing, and…

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: Accounting function of a firm explained. Why is the function needed and what is its purpose? What…

A: The accounting function of a firm is referred to as a set of financial systems that help in the…

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: Define accounting cycle

A: Accounting: It can be defined as the process of summarizing and recording the financial events and…

Q: What are the steps used when analyzing a business transaction?

A:

Q: Define Accounting Period

A: The explanation is provided as follows: