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journal entry, Accounting Basics
what is journal entry
Posted Date: 10/7/2012 9:17:02 AM | Location : United States
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Accounting theory and practice, From the following details, prepare a balan...
From the following details, prepare a balance sheet acid test ratio = 2.5 current ratio = 1.5 net working capital = 10,00,000 fixed assets =? Share capital =? Proprietary ratio =
ACCRUAL CONCEPT, WHAT DO YOU MEAN BY ACCRUAL CONCEPT
WHAT DO YOU MEAN BY ACCRUAL CONCEPT
An accountant records a transaction, 1. An accountant records a transaction...
1. An accountant records a transaction when cash is paid or received under which basis of accounting? cash deferred accrual liability 2. When unearned revenue is initially rec
Assess the solvency of a business, Identify and explain the two ratios that...
Identify and explain the two ratios that are used to assess the solvency of a business.
A bauxite mine was acquired at a cost of $1, A bauxite mine was acquired at...
A bauxite mine was acquired at a cost of $1,500,000 and estimated to contain 6,000,000 tons of ore. During the year, 95,000 tons were mined and sold. Prepare the journal entry fo
Ledger, Ledger is said to be the principal book entry and the transactions ...
Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.
Accounting information, Reliable information is essential before decision m...
Reliable information is essential before decision makers can make a sound decision involving the allocation of scarce resources. Accounting information is precious because decision
Define the term - liabilities, Define the term - LIABILITIES Liabilitie...
Define the term - LIABILITIES Liabilities are debts owed by business. Paying cash is generally not possible or convenient, so businesses purchase services and goods on credit.
Determine about the purchasing procedures, Determine the Purchasing Procedu...
Determine the Purchasing Procedures Alarge company would use a "purchasing agent" who heads purchasing department. Small companies would use manager/owner, etc. Seller recei
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