|Statement||by Raymond L. Mannix ...|
|LC Classifications||HF5686.C7 M3 1934|
|The Physical Object|
|Pagination||ix p., 2 l., 344 p.|
|Number of Pages||344|
|LC Control Number||34035093|
Accounting is the process by which financial information about a business is recorded, classified, summarized, interpreted, and communicated. Topics covered includes: Principles of accounting, Introduction to accountancy, The Accounting Equation, Double entry, Debtors, Creditors, Prepayments, Accruals and Depreciation. Author (s): Corporations have a remarkable ability to obtain the huge amounts of capital necessary for large-scale business operations. Corporations acquire their capital by issuing shares of stock; these are the units into which corporations divide their ors buy . The pros and cons of S corporations. When its stockholders read the bottom line of this S corporation’s annual income statement, it’s a good news/bad news thing. The good news is that the business made $ million net income and doesn’t have to pay any corporate income tax on this profit. Accounting for corporations 1. Accounting for Corporations Mrs. Paz Castro 2. Corporation • An artificial being created by operation of law, having the right of succession and the powers, attributes and properties expressly authorized by law or incident of its existence (The Corporation Code of the Philippines, Sec. 2).
Accounting Basics Debits and Credits Chart of Accounts Bookkeeping Accounting Equation Accounting Principles Financial Accounting Adjusting Entries Financial Statements Balance Sheet Working Capital and Liquidity Income Statement Cash Flow Statement Financial Ratios Book value of a corporation is: the total amount of stockholders' equity appearing on a corporation's balance sheet. Examples of Book Value Calculations If a company's computer system had a cost of $, and it has accumulated depreciation of $80,, the computer system has a . Construction Accounting Cost Accounting Fundamentals Cost Accounting Textbook Credit & Collections Fixed Asset Accounting Fraud Examination GAAP Guidebook Governmental Accounting Health Care Accounting Hospitality Accounting IFRS Guidebook Lean Accounting Guidebook New Controller Guidebook Nonprofit Accounting Oil & Gas Accounting Payables. Basic Bookkeeping for an S Corporation. The administration of basic bookkeeping tasks is vital to the success of any business, including those organized as a Subchapter S corporation. The shareholders in S corporations, also known as "members," receive a percentage of the company's profits relative to.
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