What would are the steps to take and why

Assignment Help Accounting Basics
Reference no: EM132202296

Question - You are in charge of the checking account for a small business. One morning, your accounting supervisor enters your office and asks you for a check for $150 for expenses that he tells you he incurred entertaining a client last night. He submits receipts from a restaurant and lounge. Later, your supervisor's girlfriend stops by to pick him up for lunch, and you overhear her telling the receptionist what a great time she had at dinner and dancing with your supervisor the night before. What would are the steps to take and why?

Reference no: EM132202296

Questions Cloud

Prepare the appropriate journal entries on jan : Prepare the appropriate journal entries on Jan 1, 2015 and December 31, 2015 to record the above transactions
Implementation of formal succession planning is frequently : The implementation of formal succession planning is frequently viewed as one of the biggest threats facing small businesses.
Prepare statement sharing net profits before incorporation : General expenses Rs.7,200 ; Preliminary expenses Rs.10,800. You are required to prepare statement sharing the net profits before and after incorporation
Ability to meet organizational goals-customer expectations : Results Driven: This core qualification involves the ability to meet organizational goals and customer expectations.
What would are the steps to take and why : You are in charge of the checking account for a small business. What would are the steps to take and why
Firm specialized in engagement and productivity : After completing your MBA, you are offered a job as a management consultant at a firm specialized in engagement and productivity.
What the effect on company monthly net operating income : What should be the overall effect on the company's monthly net operating income of this change if fixed expenses are unaffected
Determine dollar sales to attain the company target profit : The contribution margin ratio of Candle Corporation's only product is 67%. Determine the dollar sales to attain the company's target profit
Calculate value of goodwill under annuity of super profits : Calculate the value of goodwill under annuity of super profits, from the following information: Reasonable rate of expected returns on capital - 10%

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Construct a cost-volume-profit chart on your own paper what

soldner health care products inc. expects to maintain the same inventories at the end of 2014 as at the beginning of

  How much should pina record as the cost of the machine

Assuming that a prevailing interest rate of 6% applies to this contract, how much should Pina record as the cost of the machine

  Discuss the internal control considerations

Discuss the internal control considerations, and identify issues and risk mitigation strategies

  How can you identify situations where fraud is occur

How can you identify situations where fraud or abuse is likely to occur

  Diagram and explain the operating cycle of a service company

S&J Plumbing, Inc.'s 2010 income statement shows a net profit before tax of $468. Diagram and explain the operating cycle of a service company.

  Methicillinresistant staphylococcus aureus

Workers' Compensation. As a safety measure, Dynea USA, Inc., required Tony Fairbanks, a millwright and company employee, to wear steel-toed boots. One afternoon, Fairbanks felt some discomfort on his left shin.

  Activities in government-wide financial statements

What basis of accounting is used to report governmental activities in government-wide financial statements? Can another basis be used? Please explain.

  During 2012 nilsen company started a construction job with

during 2012 nilsen company started a construction job with a contract price of 1662000. the job was completed in 2014.

  Prepare the journal entry for cramer for the transfer

Cramer agrees to repurchase this equipment from Enyart on June 30, 2015, Prepare the journal entry for Cramer for the transfer of the asset to ENyart on July 1

  Complete the production cost report for the month of july

Calculate The equivalent units of production for materials and conversion. Complete the production cost report for the month of July for the basketballs

  Discuss effectiveness of the entitys internal control over

the management of a company that issues securities must accept responsibility for the effectiveness of the entity's internal control over

  Discuss what was the variable cost per yard

when total overhead costs were $26,000 for 28,000 yards of mulch processed. What was the variable cost per yard

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd