Bhartiya Vidyapeeth Deemed University College Of Physical Education
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Bhartiya Vidyapeeth Deemed University College Of Physical Education Documents (9)

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  • 2 pages lesson-5(Account).txt
    • lesson-5(Account).txt
    • Bhartiya Vidyapeeth Deemed University College Of Physical Education
    • Math
    • CS 121 - Fall 2016
    • 1. According to GAAP principles, which of the following is not one of the four basic assumptions to which information needs to adhere? (Multiple Choice: 1 point) A. economic entity B. employee benefits - Answer C. going concern D. monetary uni
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    lesson-5(Account).txt

  • 2 pages lesson-8(Account).txt
    • lesson-8(Account).txt
    • Bhartiya Vidyapeeth Deemed University College Of Physical Education
    • Math
    • CS 121 - Fall 2016
    • Sales Revenue : $2,40,000 Expenses: Purchase of Motherboard : $8000 Interest on bank loan: $800 Rent: $12000 Total Expenses: $20800 Total Net Income: $2,19,200 * 1. Revenue in the accounting world refers to all income a company generates minus all exp
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    lesson-8(Account).txt

  • 2 pages lesson-4(Account).txt
    • lesson-4(Account).txt
    • Bhartiya Vidyapeeth Deemed University College Of Physical Education
    • Math
    • CS 121 - Fall 2016
    • 1. A proper balance sheet should comply with the following formula: Owners Equity = Assets + Liabilities (True/False: 1 point) True False - Answer 2. Which of the following groupings contain the two most common types of liabilities? (Multiple Ch
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    lesson-4(Account).txt

  • 3 pages lesson-3(Account).txt
    • lesson-3(Account).txt
    • Bhartiya Vidyapeeth Deemed University College Of Physical Education
    • Math
    • CS 121 - Fall 2016
    • 1. Which of the following terms best matches the following definition- funds derived as a result of operating activities, the amount being equal to the revenue generated less the costs associated with long-term investments on capital items or securities
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    lesson-3(Account).txt

  • 2 pages lesson-12(Account).txt
    • lesson-12(Account).txt
    • Bhartiya Vidyapeeth Deemed University College Of Physical Education
    • Math
    • CS 121 - Fall 2016
    • 1. Financial records found in a journal are kept chronologically. (True/False: 5 points) True - Answer False 2. The process of transferring journal entries to the ledger is known as "journalizing". (True/False: 5 points) True False - Answer 3. Wh
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    lesson-12(Account).txt

  • 4 pages lesson-11(Account).txt
    • lesson-11(Account).txt
    • Bhartiya Vidyapeeth Deemed University College Of Physical Education
    • Math
    • CS 121 - Fall 2016
    • 1. Which of the following best illustrates the fundamental accounting equation. (Multiple Choice: 5 points) A. Assets = Liabilities + Owners' Equity - Answer B. Assets = Liabilities + Revenue C. Owners' Equity = Liabilities + Expenses D. Liabil
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    lesson-11(Account).txt

  • 2 pages lesson-7(Account).txt
    • lesson-7(Account).txt
    • Bhartiya Vidyapeeth Deemed University College Of Physical Education
    • Math
    • CS 121 - Fall 2016
    • Accounts Payable - This is not an asset , its actually liabiltiy , for example you buy supplies for office but instead paying in case you put it in account which means you need to pay at a later date. It means you receive supplies but did not pay cash. Th
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    lesson-7(Account).txt

  • 3 pages lesson-9(Account).txt
    • lesson-9(Account).txt
    • Bhartiya Vidyapeeth Deemed University College Of Physical Education
    • Math
    • CS 121 - Fall 2016
    • 1. Off-balance sheets serve as a means by which companies can divert the risk away from shareholders. (True/False: 1 point) True - Answer False 2. GAAP does not permit the exclusion of off-balance sheet entries from the parent company's financia
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    lesson-9(Account).txt

  • 2 pages lesson-6(Account).txt
    • lesson-6(Account).txt
    • Bhartiya Vidyapeeth Deemed University College Of Physical Education
    • Math
    • CS 121 - Fall 2016
    • 1. Income statements basically are an accounting of sales, expenses, and gross profit over the course of a specified period. (True/False: 1 point) True False -Answer 2. Within the core concept of income, which of the following is NOT one of the f
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    lesson-6(Account).txt

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