pascals theory
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True. Good examples are shown in related links.
it is a mathematical term equivalent to the fraction 9/100 It is shown as 0.09 when written as a decimal.
Reconciling a checking account balance as shown on your statement to that shown in your check register, you should subtract any uncleared checks, as they cannot have been used to compute the balance.
9+0=9
Such a statement is called a theorem.true
A conditional statement.
if tax is paid then it will be shown in cash flow statement otherwise it will not shown in cash flow statement.
A conditional statement
Need more clarification: i = interest? (if expense: shown in income statement, under expenses. if revenue: shown in income statement, under revenues) i = investment? (is an asset, showin in the asset section of the balance sheet) i = income? ( shown in the income statement)
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Credit purchases are shown in income statement as a part of total purchases.
All expenses comes in income statements same as sales promotion expenses are also shown in income statement.
Comparative financial statements compares one set of financial statement with another set of financial statements while consolidated financial statement is prepared where in company there is parent and child company relationship exists to join the financial statements of parent and child company as a single financial statements.
Prepaid expenses are not part of income statements, in accrual accounting income and expenses are only shown in income statements when they are actually incurred.
Current period profit or loss is shown on both financial statements - at the bottom of the Income Statement and in the Retained Earnings section of the Balance Sheet.
Inventory is part of Balance sheet as well as income statement. Inventory is shown as an asset in balance sheet and as an expense when used in income statement.