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Which type of error would cause an entry in the suspense account?
A. A page total from the purchases journal was posted as $9780 rather than the correct figure of $9870.
B. Carriage outwards is credited to the carriage outwards account but correctly accounted for in the cash book.
C. Discounts allowed are debited to the discounts allowed account and credited to the purchases ledger control account.
D. Repairs to a vehicle are debited to the vehicles account.
Assignment on Generally Accepted Accounting Principles
A baker makes 500 cream-filled eclairs at a cost of $0.72 each. He estimates that 10% of the eclairs will be sold the following day at a reduced price of $0.80 each. Find the mar
Q. Show the Chart of accounts? Chart of accounts -- a listing of all accounts or categories into that businesstransactions would be classified and recorded. Every account gener
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Case Study : Briana Hope has had a long-standing love affair with technology and an appetite for apps. She believes that business owners that are not taking advantage of apps to
Q. What is Accumulated depreciation? Accumulated depreciation is a contra asset account to depreciable assets such like machinery, buildings and equipment. This account illustr
introduction,features,objectives,types of branches,difference between branches and departments
Montana Company produces basketballs. It incurred the following costs during the year. Direct materials: $14,032 Direct Labor: $25,706 Fixed manufacturing overhead: $9,698
Debenture holder are those who gives long term loan at specific interest rate in term of cas. Creditor gives only short term credit in term of cash for purchasing of goods.
Do you enjoy college life? Do you enjoy teaching others? If therefore you might want to consider a career as a college professor. Even though a position as a college professor may
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