Question

Q-1

Assumption-1: The accountant of Army IBA Savar follows time periodicity assumption

Assumption-2: The accountant of Army IBA Savar doesn’t follow periodicity assumption

Question: What are the consequences/ differences of accounting treatment if the accountant of Army IBA Savar follows these two assumptions in the same accounting period?  

Q-2

Write any seven hypothetical transactions of Army IBA Savar. Show the effects of transactions on accounting equations and prepare income statement, OE statement, Balance Sheet, journal entries, ledger accounts and trial balance on the basis of projected transactions.​

Answer 1

Explanation:

Photosynthesis is a process used by plants and other organisms to convert light energy into chemical energy that, through cellular respiration, can later be released to fuel the organism's metabolic activities

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Answer 2

Answer:

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