Already have an account? Get multiple benefits of using own account!
Login in your account..!
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. What is T-account?
To exemplify recording the increases and decreases in an account texts use the T-account which appear like a capital letter T. The name of the account such like Cash appears across the top of the T. We record enhance on one side of the vertical line of the T and decreases on the other side. A T-account look as follows
An accounting perspective: Business insight
Have you yet considered starting your own business? If subsequently, you will require understanding accounting to successfully run your business. To identify how well your business is doing you should understand and analyze financial statements. Accounting information as well tells you why you are performing as reported. If you are in business to develop or sell a certain product or perform a specific service you can't operate profitably or consider expanding unless you base your business decisions on accounting information.
For instance if you an owner invest cash in your business the company's assets increase as well as its stockholders' equity increases. This result was exemplify in the summary of transactions. In the subsequent steps in posting and recording the effects of a business transaction sections we use credits and debits and the double-entry procedure to record the increases and decreases caused by business transactions.
Cash Flow Analysis: As per the Institute of Cost and Works Accountants of India (AICWAI), a Cash Flow Statement is a declaration setting out the flow of cash under different
There is almost not, any organization that does not have an accountant. His task is all pervasive and he is included in a broad range of activities, particularly in a huge and comp
Q. Explain FOB shipping point freight collect? FOB shipping point freight collect - Buyer both initially pays and incurs the freight chargers. The proper party (buyer) paid the
A bond sinking fund investment is started on January 5, 2010, by transferring $10,000 in cash to the fund. This $10,000 is invested and earns $1,100 during 2010. The entry to rec
How would I plot these problems in a T-account? d. received applications from three students for a 4-week secretarial program and 2-students for a ten day keyboarding course. The s
Q. Uses of journal in accounting? Organizing journal entries in a computerized system is different than in a manual system. The computer usually asks for the number of the acco
The Olympic Company has an accounts receivable balance at December 31, 2010 of $159,548.00. The existing balance in the Allowance for Uncollectible Accounts was a credit of $2,563
Q. Show Recording changes in dividends? Recording changes in dividends ever since dividends decrease retained earnings increases appear on the left side of the Dividends accoun
Exercise 5-2 - Harwick company. 1) On April 5, purchased merchandise from Botham Company for $23,000, terms 2/10, net/30, FOB shipping point. 2)On April 6, paid freight costs of $
how we can do tds audit
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