What does the accounting information not tell us about a transaction?
The accounting information that does not tell about a transaction is
1. Whether the transaction recorded is genuine or not.
2. Whether the transaction recorded is a duplicate entry due to error or omission.
3. Whether Cash basis or Accrual basis is followed in recording a transaction. (Only with few transactions the basis ie. Cash or Accrual can be known. Through payable and receivable accounts. Example - Salaries payable, Unearned revenues etc...)
4. The accounts debited and credited in a transaction are correct or not.
5. The amounts with which the accounts are debited and credited in a transaction are correct or not.
What does the accounting information not tell us about a transaction?
a) What does geographical distribution of sales tell us about a client? What other information about sales transactions would be relevant? b) What is relevant audit evidence can help auditors with geographical distribution and large sales transactions?
What does days' in receivable tell us about a business?
What does consolidation and reconsolidation tell us about how the brain encodes memories?
What does the income elasticity of demand tell us about the types of goods that consumers will buy?
What does crime and factors of how youth were treated tell us about how we define delinquency? How does theory of how youth were treated tell us about how we define deliquency ?
How is per capita GDP calculated, and what does it tell us about the economy? Explain?
How is per capita GDP calculated, and what does it tell us about the economy? Explain?
What does the color of a residue tell us about the salt? a.Type of anion present b. Type of cation present c. Solubility of salt
You have a mean forecast error of 96.5. What does that tell us about the underlying demand?
Describe Cahokia and its importance. What does it tell us about life in "America" before the arrival of Europeans?