Explain Business Entity Concept
Give a brief introduction of the term ‘Business Entity Concept’?
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The business has an individual legal identity than the person who possesses the business. The accounting procedure is taken out for the business and not for the person who is carrying out the business. This concept is appropriate to both, non-corporate and corporate organizations.
Provide a brief introduction of the term Bank Reconciliation Statement?
Describe briefly payback period method for valuation of capital expenditure proposal?
Give a brief introduction of the term Net Profit?
Write down the methods which are available for valuation of capital expenditure proposals?
What do you understand by the term discounted payback period?
How are deferred expenditures dealt with in profitability statement?
Give a brief introduction of the term Danger level of inventory levels?
What do you understand by the term ‘Securities Market’? And also write down various kinds of securities market?
In what manner group incentive systems employed?
he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
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