Timing Activites
Bob during his operations as a farmer will need feedback on how the business is doing without waiting for the end of the accounting period. Therefore he should divide the…
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November 25, 2024
Bob’s Equity
The accounting equation is described using the following equation Assets = liabilities + Equity An Owner's claims on the businesses are referred to as Equity and therefore the equation can…
September 19, 2024
financial accounting (Definition)
Financial Accounting is an area in the discipline that deals with the provision of information to people external to the organization to aid them in making economic decision. It is…
August 1, 2016