This vitamin B, is known to help lower levels of bad cholesterol and enhance levels of good cholesterol.

______________________ is the transfer of journalized transactions to their accounts.

What is the normal balance for assets?

It represents advanced payments from customers which requires settlement through delivery of goods or services in the future.

How to calculate gross profit on the income statement?

What are source documents?

The accrual concept is the accounting rule requiring that whenever possible the amounts used in recording transactions be based on objective evidence rather than on subjective judgements.

What are the Vitamin B required to maintain healthy nervous and neural systems.

The __________concept states that businesses should be treated as if they will continue to stay in business.

To whom is the Audit report addressed to

The historical cost concept is the accounting rule that requires assets and services plus any resulting liabilities to be taken into the accounting records at cost.

do land and buildings depreciate as in note no 3?

To increase a liability account requires a

What is the difference between cash and credit transaction?

The cost of a small calculator is accounted as an expense and not shown as an asset in financial statement of a business entity due to…..

Depreciation method where a fixed percentage or fraction is written off the original cost, less any residual value, of the asset each year

Interest on savings account is an /a

The business or economic entity concept is applicable to

Explain a measure to improve collection from debtors

The difference between the physical stock take and the stock as per the trial balance.

Accrual concept is based on :

A cash book with a credit balance indicates a bank _________

Switching accounting principles every year would violate the