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Final accounts gives an idea about the profitability and financial position of a business to its management, owners, the public and other interested parties. All business transactions are first recorded in a journal .
The FBISE was established under the FBISE Act 1975. [2] It is an autonomous body of working under the Ministry of Federal Education and Professional Training. [3] The official website of FBISE was launched on June 7, 2001, and was inaugurated by Mrs. Zobaida Jalal, the Minister for Education [4] The first-ever online result of FBISE was announced on 18 August 2001. [5]
Examples of common financial accounts are sales, accounts [1] receivable, mortgages, loans, PP&E, common stock, sales, services, wages and payroll. A chart of accounts provides a listing of all financial accounts used by particular business, organization, or government agency.
These are some simple examples, but even the most complicated transactions can be recorded in a similar way. This equation is behind debits, credits, and journal entries. This equation is part of the transaction analysis model, [4] for which we also write Owner's equity = Contributed Capital + Retained Earnings
An "amphibious mouse" with partially webbed feet that eats aquatic insects was among 27 new species discovered during a 2022 expedition to Peru's Amazon, according to Conservation International.
Do cranberries have to be cooked, or can you just eat them raw? Nutrition experts weigh the pros and cons.
Earlier this week, Musk proposed abolishing the Consumer Financial Protection Bureau. “Delete CFPB. There are too many duplicative regulatory agencies,” he wrote on his social media platform, X.
Liability accounts are used to recognize liabilities. A liability is a present obligation of an entity to transfer an economic benefit (CF E37). Common examples of liability accounts include accounts payable, deferred revenue, bank loans, bonds payable and lease obligations. Equity accounts are used to recognize ownership equity. The terms ...