WebNature of Account. The accounting equation is a statement of equality between the debits and the credits. The rules of debit and credit depend on the nature of an account. For this purpose, all the accounts are … WebThe amount of money that is kept aside is known as Reserves in Accounting. They assist in securing the financial situation of an enterprise and can be utilised for different purposes such as stable dividend repayments, expansion, meeting contingencies, legal requirements, investments, improving the financial situation, etc., It is also termed ...
Real, Personal and Nominal Types of Accounts in …
Webnature of accounting accounting as the language of business accounting is the process of gathering financial information about business and reporting this Skip to document Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Discovery Institutions Bataan Peninsula State University Far Eastern University Web11 de feb. de 2024 · Royalty Meaning in Accounting. Royalty is nothing but a periodical payment made by the user of the asset to the owner or the creator of such an asset for its use. In other words, the owner/author of the asset such as mine, patent, book, artistic work etc. may allow the third party like licensee, publisher etc to use its creation in exchange of ... piaget college of education
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Web13 de ago. de 2012 · 5. Two main branches of accounting (continued) Management accounting is ‘a branch of accounting concerned with collecting, analysing and interpreting quantitative and financial … WebDefinition of Isosceles Triangle: An isosceles triangle is a triangle in which two sides are of equal length. The two angles opposite to the equal sides are also equal. The third side, known as the base, can be of any length. Properties of Isosceles Triangle: 1. Two sides of the isosceles triangle are of equal length. 2. WebThe provision in accounting refers to an amount or obligation set aside by the business for present and future obligations. By their very nature, provisions are estimates of probable loss related to the future for events undertaken in the past and present. toowoomba writers