Define financial assets, trade and other receivables and financial liabilities Thanks tutor

Q: What is the notes to financial statement? Describe its content.

A: Financial statements  consists of profit or loss account, balance sheet,cash flow statement  and…

Q: Which of the following transactions would be recorded if using the accrual basis ofaccounting but…

A: Given: To determine the following transactions would be recorded if using the accrual basis…

Q: Accounts receivable are appropriately aggregated and clearly described in the financial statements.…

A: Management assertion is the claim made by the management regarding the items in the financial…

Q: Explain how to present financial statement.

A:

Q: Explain the impact of the collection of these receivables on the Financial Statements.

A: Introduction:- Financial statement gives clear picture of financial position of the company.…

Q: Record the sale of receivable.

A: Sometimes companies require funds and they too have the assets like the accounts receivables for…

Q: Describe Deposits and Advances from Customers.

A: Accounting:   Accounting is a system, or a process of collecting and organizing economic…

Q: Define receivables & explain its the classification in the statement of financial position

A: Current asset: It can be defined as an asset that is having the potential to be converted into money…

Q: (a)Explain, using practical example the effect of accruals figures on the preparation of a…

A: "Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Question 4 Explain the measurement of accounts receivable. (Write a complete answer)

A: Financial Accounting: Financial accounting is the efficient strategy of recording, ordering, summing…

Q: ancial report

A: Financial reporting refers to the concept of evaluating and formulating all the documents of the…

Q: provide financial instruments provide by commerical and investment banks.

A: Financial instruments are the assets of the company that are invested in the commercial banks or…

Q: Recognize key financial and investment accounts and important statements.

A: This question explains about financial and investment accounts and important statements.

Q: Financial accounting information?

A: Introduction: Accounting: The process in which the financial transactions of the business entity are…

Q: Describe the responsibilities of an accounts payables specialist.

A: Accounts payable specialists ensures vendors get paid for services and products rendered. They play…

Q: Describe accounts receivable and how they occur and are recorded.

A: Accounts receivable: Accounts receivable refers to the amounts to be received within a short period…

Q: Define Balance Sheet Accounts.

A: Balance sheet: This financial statement reports a company’s resources (assets) and claims of…

Q: Illustratrate about the real and nominal accounts along with examples.

A: Real account:Real account involves the amount of asset, liability, or stockholder’s equity at a…

Q: Explain the measurement of accounts receivable. (Write a complete thought or answer)

A: Account receivable is shown in the balance sheet as assets. Account receivables is the total…

Q: When company uses special journal , the transaction of settling company liabilities record in.. a.…

A: Journal is the recording of financial transactions according to the dual entity concept and it helps…

Q: Define Financial accounting.

A: Commerce:   It refers to a platform that facilitates buying and selling of products and services…

Q: Recording Transactions in a Financial Transaction Worksheet

A: Step 1 Hello. Since your question has multiple parts, we will solve first question for you. If you…

Q: users of the financial information

A: Users of financial information are those people who read the financial statements and use the…

Q: the rules of debit and credit

A: (Note: Since you have posted multiple questions, we will solve the first question for you. For the…

Q: Define accounting? Also elaborate the rules for debit and credit in detail.

A: Accounting - It is the recording of financial events along with other functions of storing, sorting,…

Q: Explain where the various types of accounts are reported on financial statements.

A: All revenues and expenses accounts are reported on the income statement. Revenues minus expenses are…

Q: Reflect upon accounting  as debits and credits information system

A: Accounting is a method of recording business transactions so as to ascertain the financial positions…

Q: Identify the majordifferences and similaritiesbetween financial andmanagerial accounting.

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Q: Prepare Cash Disbursement for  purchases

A: Cash disbursement can be defined as the outflow of cash from the business. It arises due to…

Q: Please explain the financial statement with any relevant notes.

A: Analysis of Financial Statement While analyzing the financial statement which can be measured by the…

Q: Questions: What is the importance of preparing financial statements? Enumeraté the complete set of…

A: Financial statements are important because of the following reason:   1. Financial statements…

Q: How to identify the debit and credit amount for the general ledger

A: In order to balance the journal ledger both the debit and credit accounts to be balanced that is…

Q: How to make observations about the content of notes to the financial statements?

A: Budget summary notes are the supplemental notes that are incorporated with the distributed fiscal…

Q: mention the users of financial information and their respective needs.ment accounting and cost…

A: The users of financial information and their respective needs are discussed hereunder :

Q: Banking relates Banks provides The Banks heln

A: Explanation : The fact that banks are the backbone of every economy and provide high level of…

Q: Define account receivable

A: The formula to compute accounts receivable turnover ratio as follows: Accounts receivable turnover…

Q: Define each of the following terms:i. Credit policy; credit period; credit standards; collection…

A: CREDIT POLICY- ''Guidelines that spell out a way to decide which customers area unit sold-out on…

Q: In financial accounts, how are interfund transactions accounted for

A: An accounting firm's financial statements serve as concise summaries of its activities, conveyed…

Q: Discuss the difference between the financial reporting system and general ledger system.

A: A general ledger, or GL, is a system for recording all of a company's financial transactions.…