Related InterviewSolutions

• Mention the difference between bills payable and bills receivable?
• Why do accounts need adjusting entries?
• What is capitalization and also explain its importance?
• What are the different systems of accounting?
• What is the difference between equity and asset?
• Explain the difference between retained earnings and net income?
• What are the differences between cost accounting and financial accounting?
• What are the different types of financial reporting?
• What is a ledger account?
• What do you mean by financial reporting?