Please help answer the following questions regarding accounting.
How can different accounting methods impact an organization's net income? Who was the father of accounting?© BrainMass Inc. brainmass.com June 4, 2020, 1:34 am ad1c9bdddf
Questions: How can different accounting methods impact an organization's net income? Who was the father of accounting?
Three accounting methods that impact an organization's net income:
Straight line method will give a level expense in each year. Double declining balance will give higher expenses in the early years of the asset's life and lower expenses in the later years of ...
Your tutorial is 206 words and gives you three methods that influence net income and explains how they differentially impact the profit computations. The Father of Accounting is identified and his story is mentioned in a few sentences with a reference to learn more about his life. Concepts discussed include depreciation method, establishing allow for bad debts, inventory costing method and the father of accounting.