Account essay completed Accounting Objective 1-10: DBBDAACBBC 11-20: CDAAABBBCA 21-30: ACCABCBDDC 31-40: BABBDDACDB 41-50: CCCBACCCAC More Loading......... 1a) - It can result in a business exhausting the budget, leading to spending more than what is coming in. - Businesses may need to file for bankruptcy or shut their doors if they fail to keep adequate records from the beginning. -It can result in problems with suppliers, payroll, utilities, and other vital components to a running successful business. 1b) - Relevance means an account information to make a difference in decision making - Comparability means an account information can be used to compare different entities - Consistency: information is consistently presented from year to year - Reliability means an account information is verifiable, factual, and neutral : 1c - Accounting information is historical in nature - there is no information as to usefulness, size or quantity b...
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