What are Arrears
What are Arrears? And what are the conditions to make Arrears?
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Arrears: When any payment or debt is not paid on its due date, this becomes arrears. There are numbers of expenses and other payments that are not paid on due date and such become payment in arrears. Payment made at the end of a period is as well arrears.
Describe the status of partnership from an accounting point of view? Answer: From an accounting point of view, partnership is a separate business entity. From legal
What are the various features of the management accounting information system?
According to Martin and Steele (2010, p.13), “The two principal professional associations in Australia – CPA Australia (the CPA) and the Institute of Chartered Accountants in Australia (the Institute) have indicated their awareness of the significance of issues of sustainability reporting and develo
What does the difference between management accounting and financial accounting suggest?
A financial analysis tools that measures the need for financing. The formula is the cash-flow from operating activities divided by the cash paid for long-term asset. Cash paid for long-term assets can be found on the statement of cash-flow, in the investing-activities
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What do you mean by the term Understandability which is accounting information?
Choose the right answer from following. Which one did not contribute to the large Federal budget deficits in the year of 2002 and 2003? A) spending on the wars in Afghanistan and Iraq. B) low interest rates. C) Federal tax cuts. D) the recession of 2001 and its afterm
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