Introduction to Financial Accounting

Introduction to Financial Accounting

If a person or group of persons and the establishment of the project, the main objective of this project will be the establishment of profit, and even being sure of achieving this goal is the appointment of an accountant or financial manager is able to provide users of financial information related to the project and to take the appropriate decisio...

Questions on the financial lists

Questions on the financial lists

What are the financial statements to be prepared at the end of the financial period, and what is the goal of the preparation?The income list:through this list, users can find out the result of the work of the established profit or loss through an interview income and expenses during the financial period.The list of financial position (Balance Sheet...

Questions on funding operations

Questions on funding operations

1 What are the funding sources in the company?Obtain funding, either from internal sources of the owners of the business, which is capital, or get it from external sources from others in the form of loans.2 What is capital?Is the amount obtained by the company from the owners of the company in the form of cash and in-kind resources and help them to...

Questions on commercial paper

Questions on commercial paper

What is the bill?Is the editor of a written document containing an order issued by the creditor (the drawer) to the debtor (1.54) that payable to a third person (beneficiary) at a specific date, and may be the beneficiary is the same sellerwhat is a Promissory Note?Is the editor of written pledges to the debtor to pay a certain amount to the credit...

The Cash Questions

The Cash Questions

1 What is the preparation of the note by the settlement of the World Bank?The first way:Start the apparent balance in the World Bank disclosed, then the inclusion of financial movements recorded in the books of established and registered in the World Bank disclosed to reach the bank rate.Note by the settlement of the World Bank TheWorld Bank balanc...

Questions on the Non current Assets

Questions on the Non current Assets

What is the circulating assets of others? With examples?20/22 split third-party assets into two parts:Fixed Assets: assets that are purchased to be used for several accounting periods, not the aim of the purchase is profit-making, such as the purchase of land and buildings and cars and furniture and computer and other.Intangible assets: the assets...

Questions on the accounts of debtors

Questions on the accounts of debtors

What is the expense of the debtors?Account is created when the company sell-term on the account, so as to give the company some clients deadline or a grace period for payment of the amounts owed to it.What is the expense of the creditors?Account is created when the company procurement-term on the account, so as to obtain a deadline or a grace perio...

Questions on the operations of the goods

Questions on the operations of the goods

What is the difference between the accounts of the service companies and commercial companies?The difference between commercial firms andcomparative service service companies business companiessource of revenue to provide services to others sale of goodsexpenses include expenses paid for the services of others, including the cost of goods sold expe...


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