which of the following is not a characteristic of accounting

non monetary transactions does not recorded in the books of account . Emphasizes the external financial statements. (a) Recording non- monetary transactions (b) Classifying, why are regular salaried employees more in urban areas than rural areas....? Which of the following is not a characteristic of financial accounting? ?​, Today is your 40th birthday. Focuses on the future. Your expect to retire at age 65 and actuarial tables suggest that you will live until 100 years. You estimate that it will cost you RM200,000 to make the move (on your 65th birthday) and that your annual living expenses will be RM25,000 a year after that. Specifically, what could you do?5 বাংলাদেশ ব্যাংকের প্রধান কে ?খ. a)How much do you need to save now before your retirement date comes? You may need to download version 2.0 now from the Chrome Web Store. He valued closing stock at cost. afterwards it turned out negot Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. Which of the following is not a characteristic of accrual basis of accounting revenues and expenses are reported in the period in which cash is received or paid. Performance & security by Cloudflare, Please complete the security check to access. Identify and explain the five things which were wrong about Janet’s business idea. ii when you retire. c)If you do not have any savings currently and do not expect to start saving money for the next 5 years (that is, your first saving payment will be made on your 45th birthday), how much would you have to set aside each year after that in order to be able to afford this retirement plan? A lot of other farmers have started growing sunflower seeds too. Janet has never grown a large quantity of sunflowers. 80. She spends all the money from the loan to buy seeds, fertilizer and the oil pressing equipment. ​, ক. C. Information is subjective, relevant and future-oriented. …, েন্দ্রীয় ব্যাংককে সকল ব্যাংকের ব্যাংকার বলার যৌক্তিকতা নিরূপন কর ।​, 09.The foundation for corporate culture are laid byकॉपरिट संस्कृतीचा पायादवार घातला गेला(A)Corporate members /कॉमेरिट सदस्य(B]Competitors/स्पर्धक[C]Fo A business purchased goods for Rs. C. It is …. Neutrality 7. Timeliness 9. Janet has a small farm and her husband works in a nearby mine, but even though both of them have jobs, they do not earn enough money to pay for their Financial reports are prepared according to GAAP. How much would you need to save at the end of each of the next 25 years to be able to afford this retirement plan? Emphasizes relevance. Your IP: 87.98.218.218 Reliability 3. Start studying Accounting Final. • 2. Janet decides to try and start her own business by rearing chickens to sell. Understandability 4. Suppose you planned a large cookout with our friends, but when you woke To reduce her losses, Janet has to sell the oil at a very low price to a local shop. a)- Recording non -monetary transactions. Costs in the system are organized according to value streams. Thinking she can earn a lot more money from pressing sunflower seeds for oil, Janet changes her business idea and starts an oil pressing venture. Consistency 6. You expect to earn an annual return of 7% on your saving. Cloudflare Ray ID: 5f9fe2da4ff90824 TASK What is wrong with Janet’s business idea? Q 4. …, iatioms are going at the time for the purchase of shares in the company by an outsider at a higher price .can the shareholder sue the director for breach of trust?​, and related item2. You can specify conditions of storing and accessing cookies in your browser. Traders are knocking on the doors of local farmers asking them to produce it. B. As a result, Janet makes very little money and she is not able to pay back the loan. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. B. ব্যাখ্যা কর।গ, বাংলাদেশ ব্যাংক যেসব উদ্দেশ্য অর্জনের নিমিত্তে গঠিত হয়েছিল তা উপস্থাপনকর।ঘ. this is not the characteristic of accounting, This site is using cookies under cookie policy. At the end of the fiscal year, the usual adjusting entry to prepaid insurance to record expired insurance was omitted. She now has to buy more food for the family. Which is not a characteristic of management accounting information? children’s education. However, before she buys the chicks, someone tells her that there is a huge demand for sunflower oil because of its lack of availability in the market. Characteristic # 1. Information is used by external parties. The characteristics are: 1. Substance over Form. ক • Another way to prevent getting this page in the future is to use Privacy Pass. …. The market value of remaini … ng goods was Rs.48,000. 2,00,000 and sold 75% of such goods during accounting year ended 31st March, 2013. Conservatism 11. Comparability 5. …, up on the morning of the party, it was pouring rain. The system includes both financial and nonfinancial performance indicators. নিকাশ ঘরের প্রধান কে? Name the A. Which of the following is not a characteristic of a lean accounting system? Which of the following is not a characteristic of accounting? Since she uses most of the family farmland to grow sunflowers, there is less land to grow maize and vegetables for the family to eat. When comparing managerial accounting information with financial accounting information, it is expected that Therefore, by the time her oil is ready to sell, the market is already saturated with the good and Janet cannot find a buyer. Verifiability 10. Provides detailed information about parts of the company. non monetary transactions does not involve and exchange of money or Money's worth directly or indirectly . What type of planning would you use prior to the storm? You want to move to Hawa Learn vocabulary, terms, and more with flashcards, games, and other study tools. What type of planning would allow you to cope with the rain? Materiality 8. state any one type of goods suitable for Mail orderhouses.​. Start studying Accounting Chapter 1. Identify the four types of planning, then think about the following scenario. A) Corporations are organized as a serape legal taxable entity B) Ownership is divided into shares of stock Norman Company pays a sales commission of 5% on each …, unders/संस्थापक(D)Industry standard/उद्योग मानक​, a shareholder approached the director and sold some shares to the company .the director paid the price he had demanded. She knows how to do it and her uncle gives her a loan of K40, 000 to start the business. It takes a lot of time and effort to process the oil, so, Janet has to employ someone to help her. The chemicals from the fertilizer begin to make her children sick. ADVERTISEMENTS: The following points highlight the top eleven characteristics of accounting information. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Which of the following is not a characteristic of accounting? Which of the following is NOT a characteristic of a corporation? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware.

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