Explain Dual Aspect Concept
Give a brief introduction of the term ‘Dual Aspect Concept’?
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Every transaction has two influences. This essential relationship between liabilities and assets which means that the assets are equivalent to the liabilities sustains the same.
What do you understand by the term accounting rate of return?
How can we evaluate the cash flows?
Write down the process for charging overheads?
What are the qualities that would make you a good accountant?
Explain what do you understand by the TDS and the Sale tax return?
Give a brief introduction of the term Floating rate bonds?
What does reconciliation of time booked and time attended tell us?
Give a brief introduction of the term ‘Business Entity Concept’?
When a company wants to raise funds from intermediaries what functions does the Merchant bank perform?
Make a distinction between Stores Ledger and Bin Card?
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