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Q. Prepare a source document?
A source document typically supports the evidence of the transaction. A source document is any printed or written evidence of a business transaction that describes the essential facts of that transaction. Illustration of source documents are receipts for cash paid or received and checks written or received and bills sent to customers for services performed or bills received from suppliers for items purchased, sales tickets, cash register tapes and notes given or received. We handle source documents continually in our everyday life. Every source document initiates the process of recording a transaction.
Q. Recording changes in revenues and expenses? Examine that Notes Payable, liabilities and increase with an entry on the right (credit) side of the account. Recording changes i
What is the implication of applying accounting concepts wrongly
The advent of management accounting was the subsequently logical step in the developmental method. The practice of utilizing accounting information like a direct aid to management
Q. Explain about accounting applications? Early on accounting applications were in accounts receivable, payroll, accounts payable, and inventory. Within some years programs exi
The magnitude of operating leverage for Perkins Corporation is 3.4 when sales are $100,000, if sales increase to $110,000, profits would be expected to increase by what percent?
Explain about the payroll register This is a summary of gross earnings, deductions and net pay for all employees for a specific payroll period. Register illustrates all amounts
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
i have an assignment fro perdisco platform managing general entries of basic accounts will u guys be able to help with it
#How to make journal entries?
Whats the use of accounting in our everyday life?
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