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vovikov84 [41]
4 years ago
8

Identify the framework for the entire accounting process and describe its components and how they fit together to form this fram

ework.
Business
2 answers:
jeka57 [31]4 years ago
5 0
 Accounting<span> is the </span>process<span> of constructing and maintaining financials. </span><span>
The framework for the entire accounting process is referred to as</span> definitional framework. The framework<span> provides a categorized structure that classifies the basic elements in </span>accounting. The accounting equality shows that the assets of a business are equal to its equities. This means that Assets = Equities.  Assets were defined earlier as the things of value owned by the business, or the economic resources of <span>the business. </span>
lawyer [7]4 years ago
4 0
<span>The entire accounting framework is derived from the accounting equation. Accounting equation is derived from the formula in which Assets equals the summation of Liabilities and capital. Assets consist of tangible and intangible assets. Liabilities can be short term or long term in nature. Also it can be secured or unsecured. Capital refers to the investments made the owner of the company.</span>
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Lets try to understand the below mentioned concept:-

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My methodology would be exceptionally straight forward while referencing all the issues which I and different workers are looking under that administrator. I would pinpoint each conceivable detail while referencing/labelling the administration. In spite of the fact that I would take care that I am not spreading any pessimism about the organization, as the issue is with the immediate chief and not the organization. I would likewise speak to my kindred associates who are experiencing the equivalent to spread this word through their online life accounts too. It will squeeze the administration to make proper move against the immediate director.

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