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All the source documents are handed to the external Auditor who then compiles the audited financial statements done by professional staff and the External Auditor include ... See More
Managerial Accounting is used to keep a constant track of the business daily and monthly and enable us to gauge the performance of the Company as we do not want the compa ... See More
True , when using cash basis we increase our liquidity and can turn over stock faster . While accrual we may have a higher mark up reduced sales and also a debtor risk un ... See More
True when we are purchasing we should try to optimise the benefit to the Company in order to enable the Company to take advantage of discounts and bulk purchases so our g ... See More
In purchasing Cycle, We should ALWAYS ask for offers ( True OR False)
Using both of Accrual Basis and Cash Basis in a same situation, i.e. the same case, could lead us to different results ?? True Or False ?
What is the main difference between Financial Accounting and Managerial Accounting ??
What are the main items should be involved in a "Purchase Request "??
Never To find a a depreciation for Lands (True or False)?