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Most viewed questions under tag accounting

+1 vote
1 answer
Will every transaction affect an income statement account and a balance sheet account?
posted Jun 29, 2017 by Reshmi S
  • accounting
+1 vote
1 answer
Why is there a difference in the amounts for Bad Debts Expense and Allowance for Doubtful Accounts?
posted Jun 22, 2017 by Anushka
  • accounting
+1 vote
1 answer
What is the difference between product costs and period costs?
posted Jun 22, 2017 by Adarsh
  • accounting
+1 vote
1 answer
What is the difference between depreciation expense and accumulated depreciation?
posted Jun 22, 2017 by Anushka
  • accounting
+1 vote
1 answer
What is the difference between a general ledger and a general journal?
posted Jun 29, 2017 by Debolina Charaborthy
  • accounting
  • difference
0 votes
0 answers
What is accounting cycle
posted Feb 5, 2018 by Viraj Gupta
  • accounting
+1 vote
1 answer
What is a promissory note?
posted Jun 30, 2017 by Pratiksha Shetty
  • accounting
+1 vote
1 answer
What is the difference between unearned revenue and unrecorded revenue?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
1 answer
What is the difference between accounts payable and accounts receivable?
posted Jun 22, 2017 by Shubham Rajput
  • accounting
+1 vote
0 answers
What does it mean to do accounting training outside of public practice?
posted Jul 17, 2017 by Mukul Chag
  • accounting
+1 vote
1 answer
Why is the distinction between product costs and period costs important?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
1 answer
What is the difference between fixed assets and noncurrent assets?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
1 answer
What is the difference between an implicit cost and an explicit cost?
posted Jun 22, 2017 by Adarsh
  • accounting
+1 vote
1 answer
What are the different types of expenditures considered for the purpose of accounting?
posted Jun 19, 2017 by Anurag Kashyap
  • accounting
+1 vote
1 answer
What are accrued expenses and when are they recorded?
posted Jun 30, 2017 by Ananya Saha
  • accounting
  • expenses
+1 vote
1 answer
What is meant by reconciling an account?
posted Jun 22, 2017 by Adarsh
  • accounting
+1 vote
1 answer
What does the cost principle mean for a company's income statement?
posted Jun 22, 2017 by Shamita
  • company
  • accounting
+1 vote
1 answer
What is the difference between reserve and allowance?
posted Jun 22, 2017 by Shamita
  • accounting
  • difference
+1 vote
1 answer
Is contributed capital a noncurrent asset or a current asset, and is it a debit or credit?
posted Jun 22, 2017 by Shamita
  • accounting
  • assets
+1 vote
1 answer
What is the double declining balance method of depreciation?
posted Jul 3, 2017 by Abu Anam
  • accounting
+1 vote
1 answer
Will every transaction affect an income statement account and a balance sheet account?
posted Jun 30, 2017 by Deepak Jangid
  • accounting
+1 vote
1 answer
When should costs be expensed and when should costs be capitalized?
posted Jun 22, 2017 by Anushka
  • accounting
+1 vote
1 answer
What are operating expenses and non operating expenses?
posted Jun 22, 2017 by Anurag Kashyap
  • accounting
+1 vote
1 answer
What are the advantages of Computer accounting over Paper accounting?
posted Jul 7, 2017 by Rupali Thakur
  • accounting
+1 vote
1 answer
What is the difference between revenue, income, and gain?
posted Jun 22, 2017 by Anurag Kashyap
  • accounting
+1 vote
1 answer
What are time sheets? How are they maintained?
posted Jul 7, 2017 by Rupali Thakur
  • accounting
  • time sheet
+1 vote
1 answer
What is the difference between revenues and earnings?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
0 answers
What qualification do you need to become an accounting professional in India?
posted Jul 7, 2017 by Mukul Chag
  • accounting
+1 vote
1 answer
What is meant by daily accrual and booking?
posted Jul 7, 2017 by Rupali Thakur
  • accounting
+1 vote
1 answer
What is the expanded accounting equation?
posted Jul 3, 2017 by Ati Kumar
  • accounting
+1 vote
1 answer
Why is depreciation on the income statement different from the depreciation on the balance sheet?
posted Jun 22, 2017 by Anurag Kashyap
  • accounting
+1 vote
1 answer
What is the distinction between debtor and creditor?
posted Jun 22, 2017 by Adarsh
  • accounting
+1 vote
1 answer
What is the difference between a debit and a debit balance?
posted Jun 22, 2017 by Anushka
  • accounting
+1 vote
1 answer
What are the accounting principles, assumptions, and concepts?
posted Jun 22, 2017 by Anushka
  • accounting
+1 vote
1 answer
What is the proper use of the words lend and borrow?
posted Jun 30, 2017 by Deepak Jangid
  • accounting
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