User Account

All Pages

What is the process for posting to a subsidiary ledger

Assignment Help Accounting Basics
Reference no: EM131533425

Question: 1. What is the process for posting to a subsidiary ledger and its controlling account?

2. How do we prove the accuracy of account balances in the general ledger and subsidiary ledgers after posting?

3. Why does a company need a general journal when using special journals for sales, purchases, cash receipts, and cash disbursements?

4. Identify an advantage of an integrated computer-based accounting system.

5. What advantages do computer systems offer over manual systems?

Reference no: EM131533425

Questions Cloud

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.
What details do the excerpt from twenty years at hull-house : What details do the excerpt from Twenty Years at Hull-House and the illustration reveal about child labor? How are the details in each account similar?
How should the court rule on bert motion for severance : How should the court rule on Bert's motion for severance in the case? How should the court rule on Bert's motion to continue regarding Mook
Share any careers that you have come across : Share any careers that you have come across that your classmates may be interested in based on their strengths and weaknesses.

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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