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Question: Discuss about the Companies of Tehran Stock Exchange. Answer: Introduction: A trial balance is a statement which is prepared with taking the closing balance of the different ledger accounts where the debit total balance matches the credit total balance. In simple words, a trial balance uses closing balance of different ledger accounts which have debit or credit balances and the statement tallies. If the statement does not tally then there may be certain errors in the statement. The main use of a trial balance is to check the mathematical ...
Question: Discuss about the Reversal of Composition on Audit Quality. Answer: Introduction Chang and Yen (2015) has stressed on the fact that one of the essential principles of accounting looks to address the fact that there is no need of assets that have high valuations in the financial reports. In this way reversal of an impairment loss of goodwill is explained to be a scenario, within which the companies would disclose any of their assets to be valuable, which had been recorded as a loss of impairment in some earlier time period. Sun and Zhang ...
Question: Discuss about the Economy and Consumer Protection Regulation. Answer: Introduction: The current paper demonstrates the analysis of the chosen article on accounting issue by clearly relating to the ideas, facts and concepts. The chosen article intends to evaluate how the accounting has lost its relevance by the way accounting issues are addressed by International accounting standard board. An item of accounting news in relation to the accounting disclosure and accounting treatment of items of Virgin Australia has been taken into account. S...
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