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Accounting and Finance
@accounting_00
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Accounting and Finance (English)
Are you a student or professional looking to enhance your knowledge of accounting and finance? Look no further than the 'Accounting and Finance' Telegram channel, managed by the username @accounting_00. This channel is dedicated to providing valuable resources such as accounting quizzes and notes to help you excel in your studies or career in the finance industry. Whether you are preparing for an exam or simply want to stay updated on the latest trends in accounting, this channel has got you covered.
In addition to quizzes and notes, the 'Accounting and Finance' channel also encourages you to subscribe to their YouTube channel for even more educational content. By subscribing, you will have access to a wealth of video resources that can further deepen your understanding of accounting concepts and principles.
Don't miss out on this opportunity to boost your knowledge and skills in accounting and finance. Join the 'Accounting and Finance' Telegram channel today and take the first step towards achieving your academic or professional goals. Subscribe now by clicking on the link below:
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Accounting and Finance
03 Jan, 02:37
14. The journal entry to record the budget of a Special Revenue Fund would include:
🔘 A debit to appropriations Control
🔘 A debit to Estimated Revenues Control
🔘 A credit to Estimated Revenues Control
🔘 None of the above, Special Revenue Funds do not record budgets
🔘 A debit to appropriations Control
🔘 A debit to Estimated Revenues Control
🔘 A credit to Estimated Revenues Control
🔘 None of the above, Special Revenue Funds do not record budgets
Accounting and Finance
01 Jan, 12:16
Investment properties are real estate assets acquired primarily for generating income or capital appreciation, rather than for personal use. They can include:
Residential Properties: Such as single-family homes or multi-unit apartments rented to tenants.
Commercial Properties: Office buildings, retail spaces, or warehouses used for business purposes.
Mixed-use Properties: Combining residential and commercial elements.
Raw Land: Purchased for future development or resale.
Investment properties can yield returns through rental income and appreciation over time, making them a popular choice for investors seeking to build wealth
Residential Properties: Such as single-family homes or multi-unit apartments rented to tenants.
Commercial Properties: Office buildings, retail spaces, or warehouses used for business purposes.
Mixed-use Properties: Combining residential and commercial elements.
Raw Land: Purchased for future development or resale.
Investment properties can yield returns through rental income and appreciation over time, making them a popular choice for investors seeking to build wealth
Accounting and Finance
01 Jan, 12:16
9. McGuinness Company employs 8 individuals. They are all paid $14.50 per hour.
How would total costs of personnel be classified?
🔘 variable
🔘 mixed
🔘 variable cost within a relevant range
🔘 a fixed cost within a relevant range
How would total costs of personnel be classified?
🔘 variable
🔘 mixed
🔘 variable cost within a relevant range
🔘 a fixed cost within a relevant range
Accounting and Finance
01 Jan, 00:46
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Accounting and Finance
31 Dec, 10:32
Financial accounting explanatory video will start next week
Accounting and Finance
24 Dec, 10:39
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Accounting and Finance
22 Dec, 16:30
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Accounting and Finance
22 Dec, 15:32
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Accounting and Finance
22 Dec, 15:27
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Accounting and Finance
15 Nov, 11:58
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Accounting and Finance
13 Oct, 04:13
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Accounting and Finance
20 Sep, 10:37
GAAP
It stands for Generally Accepted Accounting Principles. GAAP is a cluster of accounting standards and common industry usage that have been developed over many years. It is used by organizations to:
1. Properly organize their financial information into accounting records;
2. Summarize the accounting records into financial statements; and
3. Disclose certain supporting information.
One of the reasons for using GAAP is so that anyone reading the financial statements of multiple companies has a reasonable basis for comparison, since all companies using GAAP have created their financial statements using the same set of rules.
It stands for Generally Accepted Accounting Principles. GAAP is a cluster of accounting standards and common industry usage that have been developed over many years. It is used by organizations to:
1. Properly organize their financial information into accounting records;
2. Summarize the accounting records into financial statements; and
3. Disclose certain supporting information.
One of the reasons for using GAAP is so that anyone reading the financial statements of multiple companies has a reasonable basis for comparison, since all companies using GAAP have created their financial statements using the same set of rules.
Accounting and Finance
19 Sep, 06:07
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