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Closing Entries: ExpensesBelow is a list of accounts with corresponding ending balances.Account: Account Balancea.Insurance Expense: $1,300b.Cash: 750c.Accounts Receivable: 4,000d.Cost of Goods Sold: 2,300Prepare one summary entry to close those accounts that should be closed at the end of the year.
MAINTENANCE Trustees may pay to the parent or guardian out of income of a fund held on the trust for an infacnt reasonable sums for his maintenance and education, having regard
Completed executions A judgement creditor cannot retain the "benefit" of an execution or attachment, unless he has completed it- Before the date of the receiving order,
The business changed their policy with regards to the profit mark-upfrom 2018 to 2019 financial year. What was the changed.
The City of Miami must replace a number of its concrete mixer trucks with new trucks. It has received two bids and has evaluated closely the performance characteristics of the seve
on 31.12.2001 the following trail balance sheet was prepared from the book of raju debit credit sundry debators 50,ooo - sundry creditors -
This assignment requires you to pretend you have $10,000 to invest for 4 weeks. You are to "invest" this money in stocks or mutual funds and to track your investments on a weekly
what affects quick asset ratio
t account for equipment beg, bal 80,000 disposal 22,000 acquisition-41,000 end bal. 99,600 acct. depreciation equip. disposa; 8,500 beg, bal 41,500
What kinds of business ownership exist? Particular form of business ownership has significant implications for accounting purposes and so it's useful to be clear about the main
how to record items on this account
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