Accounting Question:
Download Job Interview Questions and Answers PDF
What is a Comprehensive Income?
Answer:
Items GAAP does not want us to record in Income Statement. GAAP does not want financial statements provider to mislead users. Ex. items will record in comprehensive income are Unrealized gain or loss on available-for-sales securities; Unrecognized net gain or loss; Unrecognized prior service cost (credit); Unrecognized net gain or loss.
Download Accounting Interview Questions And Answers
PDF
| Previous Question | Next Question |
| What are the four classifications of Bad and Doubtful Debts as per the context of the Bank? | What is the difference between Perpetual and Periodic Inventory systems? |