User Account

All Pages

What is direct posting of sales invoices

Assignment Help Accounting Basics
Reference no: EM131533428

Question: 1. How do debits and credits remain equal when credit sales are posted twice (once to Accounts Receivable and once to the customer's subsidiary account)?

2. How do we identify the journal from which an amount in a ledger account was posted?

3. How are sales taxes recorded in the context of special journals?

4. What is direct posting of sales invoices?

5. What are the normal recording and posting procedures when using special journals and controlling accounts with subsidiary ledgers?

Reference no: EM131533428

Questions Cloud

What are the federal laws influencing channel management : What are the federal laws influencing channel management and how might they affect Afterschool Depot's channel policies?
How does the decision in this case impact the validity : How does the decision in this case impact the validity of the Board and other provisions of the Sarbanes-Oxley Act
How has the rise of electronic channels affected retailing : How has the rise of electronic channels affected retailing? Why are certain products more appropriate for electronic channels?
Discuss about the personality test and intelligence test : Contact a local counselor, counseling agency, or a school district psychologist to help you locate and evaluate at least three of the following measurement.
What is direct posting of sales invoices : How do debits and credits remain equal when credit sales are posted twice (once to Accounts Receivable and once to the customer's subsidiary account)?
Identify the primary benchmarks to assess success or failure : Develop a brief roadmap for implementation. Identify the primary benchmarks to assess success or failure. Include what you have learned about yourself.
What is your reaction to each sculpture : What is your reaction to each sculpture? What are they made out of? The artists are: Dale Chihuly and Tom Otterness.
What is the process for posting to a subsidiary ledger : How do we prove the accuracy of account balances in the general ledger and subsidiary ledgers after posting?
Identify an advantage of computer networks : Describe ERP software and its potential advantages to businesses.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd