Financial Accounting is based upon Historic data.
Financial Accounting is mainly adapted for internal usage.
Which of the following will increase the cash flow of a company?
An increase in the value of Land will also lead to an increase in its depreciation.
If goods purchased for $50 are mistakenly recorded on the credit side of goods purchased then what will be the correct entry in the Inventory's account?
Can Staff training cost be capitalised when there is a condition imposed on Staff that they cannot leave the job without Management's permission?
What is Working Capital?
IFRS includes:
An item should be recognised as an Asset if there are probable chances of its aquisition?
Creditor A
A company bought 250 @ $1 each goods from A and recorded it correctly but the goods worth $5 were found to be faulty.What would be its impact on the T account of Creditor A?
DR
CR
$250