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What is normative accounting?


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Spinoff,Spelloff

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Describe the P&L Account?

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Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why

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You are a senior level manager in a large company: • List and explain the types of accounting information that are important to you and your staff when making decisions. • Explain how your managerial accountant uses technology to develop and communicate this information throughout your large company.

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A sole trader run a business, and he takes every month fixed salary, he says this salary should not be affect in profit and loss a/c, he wants this salary transfer to his capital a/c, means he wants increased his capital - My question is as per the accounting system is it possible?  

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how to strong my account for long time?

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