Question

Please do it by type not pics.

1.On a scale of one to ten, with one being the easiest accounting principle we have done and ten being the hardest accounting principled we have done, how challenging is amortization tables to you?

Answer 1

Accounting is a meticulous recording of financial transactions, is a crucial process required for the success of businesses both big and small. While large businesses will usually employ a sizable accounting department with many employees (as well as doing business with a separate auditing firm), smaller businesses may employ only a bookkeeper. In a single-person business, the business owner may need to handle the accounting themselves, without the help of a bookkeeper. Whether you're trying to manage your own finances or are interested in finding work as a bookkeeper for another person's business, learning the basics of accounting can help get you started.

Easiest scale :-

1. Reliability, verifiability, and objectivity principles

2. Consistency

3. Comparability

Hardest Accounting Principle:-

No doubt, that amortization tables is very challenging if we talk about the generally accepted accounting principles (GAAP) and prepare accordingly there are lots of complications and regulations that we must follow while creating the amortization tables.