Accounting

What are some differences in the cash flow statement between proprietary fund accounting and business accounting>

Accounting, Business / By

What are some differences in the cash flow statement between proprietary fund accounting and business accounting> EXPERT ANSWER Explanation: A proprietary fund accounting is a method of accounting used by the government for recording of transaction with in the various departments.It mainly consists of two types of accounting1. enterprise fund.2. internal service fund. Business accounting …

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in business accounting, what is a balanced scorecard?

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in business accounting, what is a balanced scorecard? EXPERT ANSWER The balanced scorecard is a strategic planning and management system that is used extensively in business and industry, government, and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against …

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(2) (12 points) Assume that in the 20 business accounts of a bank, 4 have been fraudulently altered. Five business accounts are chosen at random for detailed auditing. (a) In how many ways can five business accounts be chosen for auditing? (b) In how many ways can five business accounts be chosen for auditing so that exactly one of them was fraudulently altered? (c) In how many ways can five business accounts be chosen for auditing so that at most one of them was fraudulently altered?

Accounting, Business / By

EXPERT ANSWER ) Number of ways = 20C5 = 15504 b) Number of ways in which exactly one will be fraudulent = 16C4 * 4C1 = 7280 c) Number of ways in which atmost one of them will be fraudulent = Number of ways with no fraudulent + Number of ways with 1 fraudulent = 11648