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Q. Explain about pegboard system?
One more innovation in manual systems was the one write or pegboard system. Beside creating one document and aligning other records under it on a pegboard companies could record transactions more efficiently. These systems allow the writing of a check and the simultaneous recording of the check in the cash disbursements journal. Even though a few of these systems are still in use today computers make them obsolete.
During the 1950s companies as well used bookkeeping machines to supplement manual systems. These machines recorded recurring transactions such like sales on account. They posted transactions to the general ledger and subsidiary ledger accounts and calculate new balances. With the development of computers bookkeeping apparatus became obsolete. They were quite expensive as well as computers easily outperformed them. In the mid-1950s large companies start using mainframe computers.
Q. Explain horizontal analyses and using the financial results? The computation of dollar and or percentage changes from one year to the next in an item on financial statements
The capital accounts of Hawk and Martin have balances of $160,000 and $140,000, respectively, on January 1, 2010, the beginning of the current fiscal year. On April 10, Hawk inve
061689 bussines accounting and you All i need detail how to do it i watch video but im not understanding if anybody have more specific explanation details
A supplier to the electric utility industry produces power generators. The Transportation costs are high. One market area includes the lower part of the Great Lakes region
what is assets and its type ?
The organization's name is Coffee Affectionardo Pty Ltd and the company imports and sell various types of coffee machines, grinders, filters and beans. The business has two dir
Determine the terms of Recording sales of merchandise The SALES ACCOUNT is a temporary account with a normal credit balance. It's ONLY used to record sale of merchandise on
The major difference in the statement of retained earnings between a service business and a Merchandising business is A. that the retained earnings statement of a merchandisi
Assignment On accounting is language of business
Q. Explain about stable dollar assumption? In the United States accountants make one more assumption regarding money measurement that the stable dollar assumption. Under the st
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