Accounting cycle project, Accounting Basics

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Paid salaries to sales clerks

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Q. Can you explain about balance sheet? The balance sheet, sometimes called as the statement of financial position lists the liabilities, company's assets and stockholders' equ

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Which error will cause a trial balance not to balance? A an invoice entered as a credit note on original input. B a journal entry that does not balance. C a transaction entere

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Discretionary costs?, When buying an owner operated business from a franchi...

When buying an owner operated business from a franchised organization is the previous store manager''s salary discretionary?? can they count that as net income to the new owner op

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Q. Example on gross margin method? To demonstrate the gross margin method of computing inventory assumes that for several Years Field Company has maintained a 30 per cent gross

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Define Accounting, define accounting. Briefly explain its concepts

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What do you mean by purchases account, Q. What do you eman by Purchases acc...

Q. What do you eman by Purchases account? In periodic inventory procedure a merchandising company uses the Purchases account to record the cost of merchandise bought for resale

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