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Home Interview Accounting and Finance Comments

  • Question
  • What is accumulated loss?


  • Correct Answer
  • A loss (or losses) from previous years carried forward in order to offset future earnings This reduces the tax burden for the years with profit as the accumulated losses are deducted from the taxable profit 


  • Accounting and Finance problems


    Search Results


    • 1. What do you understand by Open Item Managed Account?
    • Discuss
    • 2. What is the types of assets?
    • Discuss
    • 3. Which of these investments may pay dividends?

    • Options
    • A. Savings account
    • B. Stocks
    • C. Bonds
    • D. Certificates of deposit
    • Discuss
    • 4. What are the activities present in payroll task?
    • Discuss
    • 5. What is salary TDS?
    • Discuss
    • 6. Why does the Outstanding exp & Prepared Expenses treated as Personal Account?
    • Discuss
    • 7. What is the Debit Balance recovery? How we can recover if we wont have any future transactions from supplier?
    • Discuss
    • 8. Which is the most accurate statement about trade?

    • Options
    • A. Trade makes some nations better off and others worse off
    • B. Trading for a good can make a nation better off only if the nation cannot produce that good itself
    • C. Trade helps rich nations and hurts poor nations
    • D. Trade can make every nation better off
    • Discuss
    • 9. A distinguishing feature of managerial accounting is

    • Options
    • A. general-purpose reports
    • B. very detailed reports
    • C. quarterly and annual reports
    • D. external users
    • Discuss
    • 10. A Credit may signify a

    • Options
    • A. Increase in the liability account
    • B. Decrease in an asset account
    • C. Increase in the capital stock account
    • D. All of the above
    • Discuss


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