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!
Explain the term- CASH SHORT AND OVER
This account is used to record both a shortage and overage of cash in cash drawer. When change is made during a business day, mistakes can be made and sales won't equal the amount of cash in the drawer. This is concluded by counting the drawer money, removing change fund, and comparing the amount left with the total of the Sales.
This account doesn't have a normal balance as it only summarizes the cash usage. At the end of month, if balance is a debit, it's considered an expense; if its balance is a credit, it's considered miscellaneous income.
Cash Short and Over is closed to Income Summary account at the end of accounting period. Miscellaneous Income if overage; Miscellaneous Expense if shortage.
AsCompare and contrast AICPA SSTS to Circular 230 related to knowledge of client''s omission.k question #Minimum 100 words accepted#
base-case NPV
Q. Explain about Depreciation expense? Depreciation expense is the sum of asset cost assigned as an expense to a particular period. The method of recording depreciation expense
#quest1. Use the general journal to journalize the following transactions completed during July of the current year. 2. Post from the general journal to the general ledger. Using
If my company sells 4000 shares of common stock for $86,400, how do I record this in the Journal?
Define FBT (Fringe Benefit Tax)? Ans) The tax payable on a non-salary benefit given to an employee or an associate of the employee. The employer is likely to pay any FBT and may
1) A) Suppose Jean Splicer, an investor, buys $300,000 of shares of stock in a diversified bundle of Bio-tech firms and exactly one year later sells those shares for $315,000. Assu
briefly explain the accounting concepts which guide the accountant at the recording stage
how we can do tds audit
Brown sole trader Brown has been in business for some years and has kept her drawings slightly below the level of profits each year. You are her accountant, and she has passed
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd