Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
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. Example of Accumulated Depreciation account?
Along with other items the trial balance of Korman Company for 2010 December 31 includes the following account balances
A few of the supplies represented by the USD 6000 balance of the Supplies on Hand accounts have been consumed. An inventory calculates of the supplies actually on hand at December 31 totalled USD 2400.
On May 1 of the present year a rental payment of USD 25200 was made for 12 months' rent it was debited to Prepaid Rent.
The annual depreciation for the buildings is place on the cost shown in the Buildings account less an estimated residual value of USD 10000. The estimated helpful lives of the buildings are 40 years each. The salaries expense of USD 124000 doesn't include USD 6000 of unpaid salaries earned since the last payday. The company has make one-fourth of the unearned delivery fees by December 31. Delivery services of USD 600 were carrying out for a customer but a bill has not yet been sent.
a. Organize the adjusting journal entries for December 31 assuming adjusting entries are prepared only at year-end.
b. Based on the adjusted balance exposed in the Accumulated Depreciation Buildings account how many years has Korman Company owned the building?
WHAT IS ACCOUNTING
Q. Explain about Sales account? In theory sellers could record both sales allowances and sales returns as debits to the Sales account for the reason that they cancel part of th
1. Double declining method 2. Units of production method 3. Sum of year digit method 4. Straight-line method Depreciation Fund Method Insurance Method Annualy Method
what is journal entry
Difference between Income Statement and Balance Sheet Difference between the amounts of the columns in Income Statement and Balance Sheet should be the same amount. Words "Net
format of the account
Debtors are the major role of the business. He is the whole back bone of the business. The goodwill of the concern is in the hands of debtors because he is the person who takes our
ABC Insurance Company offers individual auto and home insurance servicing the East Coast. The company''s home office is located in Albany, New York. However, ABC Insurance Company
What do the "transfer" items in the notes to the financial statements relate to? (in the capital assets section; Plant, property & equipment and Intangible assets
Q. Explain sales return? A sales return is merchandise return by a buyer. Buyers and Sellers regard a sales return as a cancellation of a sale. Otherwise some customers keep un
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd