Distinguish between (a) Real and nominal accounts, (b) General journal and special journals, and (c) General ledger and subsidiary ledgers.
What is the realization concept and how has it influenced the accounting standard?
Discuss the realization concept, giving examples of how it has influenced the accounting standards.
Identify 6 accounting concepts and explain them give two examples of each.
What is the notification, accompanying a check, that indicates the specific invoice being paid called?
The ______ basis of accounting measurement recognizes revenues when resources are created as part of an organization’s operating activities. a. cash b. financing c. investing d. accrual
