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Q. Uses of technology in accounting?
The computers of persons in a given building or department are frequently connected in a Local Area Network (LAN). These persons are able to then access simultaneously the programs and databases stored in the LAN and can communicate with all other persons in the LAN through email. A more advanced kind of computer network is called Client/Server Computing. In this structure any computer in the network can be used to update the information stored elsewhere in the network. For instance accounting information stored in one computer could be updated by authorized persons from a number of other computers in the system. The use of networks is designed to get better efficiency and to reduce software and hardware costs.
The transactions for February need to be processed on MYOB with the Username:n10026509 and no password and make sure the audit trail is on. Then Part B is a performance report. The
State the steps of Merchandise inventory 1) TRANSFER THE BEGINNING INVENTORY FIGURE Debit INCOME SUMMARY for beginning inventory amount. Credit MERCHANDISE INVENTORY fo
Solution Manual
Q. What is Depreciation? Depreciation -- an expense which is supposed to reflect the loss in value of a fixed asset. Forinstance if a machine will entirely wear out after ten y
Determine in brief about the SALES ACTIVITY Just as merchandizing businesses follow specific procedures to process and record purchases, they follow numerous procedures to proc
Q. What do you mean by note? A note is an unqualified written promise to pay another party the amount owed either when demanded or at a certain specified date habitually with i
Q. Describe the methods of recording? Two general deductions from gross sales are (a) sales discounts and (b) sales returns and allowances. Sellers trace these deductions in co
Received security deposit from tenants
Cargin Company uses the FIFO method in its process costing system. The Assembly Department started the month with 15,000 units in its beginning work in process inventory that wer
Q. Dividends paid to owners? Stockholders' equity is (a) improved by capital contributed by stockholders and by revenues earned through operations and (b) decreased by expenses
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