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Accounting
All levels

Can you explain the matching concept?

The matching concept, otherwise known as the 'accruals' concept, is a fundamental accounting principle that provides that income and expenditure in a business should be matched to the period to which t...

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Answered by Emma P. Accounting tutor
4709 Views

What Is straight line depreciation?

In financial accounting we have different types of depreciation, based on the company's accounting policy. One of the methods is straight line depreciation. 

Assets can be depreciated, so...

IS
Answered by Ignac S. Accounting tutor
2133 Views

what are the different types of capital expenditure appraisal?

Capital expenditure appraisal is the evaluation of investment opportunities. 

1. Payback method = The payback method involves calculating the payback per...

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Answered by Cecily Y. Accounting tutor
14521 Views

What is the formula for current ratio?

Current ratio= current assets/ current liabilities 

AS
Answered by Ankur S. Accounting tutor
1871 Views

Who may be interested in viewing a company's balance sheet/ financial statement?

A financial statement/balance sheet is a summary of the business or organisation's assets, liabilities and capital at a certain point and time. Some may describe it as a "snapshot" of the the...

RM
Answered by Rufaro M. Accounting tutor
22609 Views

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