The responsibility for collecting all types of relevant and useful information within an organization typically falls to various departments, such as market res
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Business Accounting and Bookkeeping
Is deferred liability a debt?
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Yes, a deferred liability is considered a type of debt. It represents an obligation that a company has to pay in the future, typically arising from transactions
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Business Accounting and Bookkeeping
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How might the concept of earning management have influenced the auditor’s role in the audit of financial statements?
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Earnings management can complicate the auditor’s role by introducing potential bias in financial reporting, as management may manipulate earnings to meet target
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Business Accounting and Bookkeeping
What is the accruals matching convention?
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The accruals matching convention is an accounting principle that requires revenues and expenses to be recorded in the same accounting period in which they are e
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Business Accounting and Bookkeeping
What Accounts are used to accumulate information from one fiscal period to the next?
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Accounts that accumulate information from one fiscal period to the next are primarily balance sheet accounts, including assets, Buôn Bán Nội Tạng liabilities, and equity accounts
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Business Accounting and Bookkeeping
What are cash payments to shareholders called?
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Cash payments to shareholders are called dividends. These are typically distributed from a company’s profits and can be issued in various forms, such as regular
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Business Accounting and Bookkeeping
How do you transfer owners equity to cash account?
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To transfer owner’s equity to a cash account, you typically need to withdraw funds from the business. This can be done by writing a check or initiating a bank t
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Business Accounting and Bookkeeping
How do you calculate hospital revenue?
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Hospital revenue is calculated by summing the total income generated from various sources, including patient services (inpatient and outpatient care), medical p
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Business Accounting and Bookkeeping
What Difference between computerized and non computerized system in education?
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Computerized systems in education leverage technology to improve efficiency, accessibility, and interactivity, enabling features like online assessments, digita
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Business Accounting and Bookkeeping
What is the format for the debtors allowances journal?
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The debtors allowances journal typically includes columns for the date, debtor’s name, invoice number, details of the allowance, amount of the allowance, and a
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Business Accounting and Bookkeeping
What assets do you think you bring to this company?
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I bring a strong blend of analytical skills and creative problem-solving abilities, allowing me to approach challenges from multiple perspectives. My experience
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Business Accounting and Bookkeeping
Are dividends a liability or an asset?
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Dividends are considered a liability for a company once they are declared by the board of directors but not yet paid. This is because they represent an obligati
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Business Accounting and Bookkeeping
What is reliable financial information?
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Reliable financial information is data that is accurate, consistent, and free from bias, allowing stakeholders to make informed decisions. It should adhere to e
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Business Accounting and Bookkeeping
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If you divide users of profitability asset utilization liquidity and debt utilization ratios into short-term lenders long-term lenders and stockholders which ratios would each group be interested in?
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Short-term lenders would be primarily interested in liquidity ratios, such as the current ratio and quick ratio, as these indicate the company’s ability to meet
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Business Accounting and Bookkeeping
What are examples of cash disbursements?
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Cash disbursements refer to the outflow of cash for various purposes in a business. Examples include payments for operating expenses such as rent and utilities,
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Business Accounting and Bookkeeping
Is bank charges a liability?
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Yes, bank charges can be considered a liability in accounting terms, but it depends on the context. If a business incurs bank charges, it represents an obligati
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Business Accounting and Bookkeeping
How are gross production and net production different a. Net production is always greater than gross production. b. Net production is always less than gross production. c. Only animals have net produc?
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Gross production refers to the total amount of energy or biomass produced by an organism or ecosystem, while net production is the amount of energy or biomass r
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Business Accounting and Bookkeeping
What is accumulated provision for depreation?
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Accumulated provision for depreciation, often referred to as accumulated depreciation, is a contra asset account that reflects the total amount of depreciation
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Business Accounting and Bookkeeping
What is real cost of product?
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The real cost of a product encompasses not only its purchase price but also additional expenses such as production, labor, transportation, marketing, and overhe
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Business Accounting and Bookkeeping
Is subscription in area in asset or liabilities?
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Subscriptions can be considered both an asset and a liability, depending on the context. From a company’s perspective, unearned subscription revenue is classifi
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Business Accounting and Bookkeeping
+2
How does capitation work today?
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Capitation is a payment model used in healthcare where providers receive a fixed amount per patient for a specified period, regardless of the number of services
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Business Accounting and Bookkeeping
409 represents what accounting classification code?
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In accounting, the code 409 typically represents “Accounts Payable” or “Other Payables” in a company’s chart of accounts. This classificatio
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Business Accounting and Bookkeeping
What financial statement appear on the land?
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The financial statement that reflects land is the balance sheet. Land is recorded as a long-term asset under the property, plant, and equipment (PP&E) secti
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Business Accounting and Bookkeeping
Is discount allowed an exempt supply?
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Discounts allowed generally do not constitute an exempt supply. Instead, they are often considered adjustments to the sale price of taxable supplies, reducing t
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Business Accounting and Bookkeeping
Comptroller auditor general is a watchdog or nitpicker?
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The Comptroller and Auditor General (CAG) is primarily a watchdog, responsible for ensuring accountability and transparency in government finances and operation
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