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What is the Difference between cash book and ledger?
Day book is the book which we use to record day today record,but Ledger is a book in which we keep classified data
What do you mean by Secondary books of account?
Secondary book are also called Ledger.These can be broadly classified as Main Ledger and Subsidiary Ledger. Subsidiary Ledger further classified into following three types: General ledger,Debtors ledger and Creditor ledger.
Which income statement is classified by function and which one is classified by behavior?
The multi-step income statement is classified by function, and the single-step income statement is classified by behavior.
3 When is a liability classified as a current liability ad as a noncurrent liability?
When liability is payable within one fiscal year then it is current liability while one liability is payable within more than one period then Is non-current liability.
when classified information is in an authorized individuals hands, why should the individual use a classified document cover sheet?
To prevent inadvertent viewing of classified info by unauthorized personnel / To alert holders to the presence of classified info
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