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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.
Hawkeye Electric Company engaged in the following transactions during July. Journalize the preceding transactions on the books of Hawkeye Electric Company using the perpetual sys
Uses of cash flow statements: The main usefulness of cash flow analysis is that it facilitates the Finance manager to approximation the cash necessities of the firm and match t
#Q. Example on closing process?
1. My accountant has told me that my business made a profit of £100,000 last year. However over the same time period my bank balance has decreased and not increased as I expected.
GDYJ-503 is developed according to the national standard GB-86 Insulating Oil Dielectric Strength Testing Method .The tester can test three cups of oil at the similar time. LCD scr
As discussing the scope of accounting you should have observed here the accounting involves a sequence of activities connected with each other, starting along with the collecting,
Why it is important for independent auditor to be a member of a professional body?
On December 31, 2013, a company issues bonds with a par value of $600,000. The bonds mature in 10 years, and pay 6% annual interest, payable each June 30 and December 31. The bon
Birch issued 200 shares of $12 par common stock in exchange for a piece of equipment with a current market value of $3,000.Whichof the following is not part of the journal entry
We are here left along with statement (d) that defines an accountant as a professional and emphasize his pre-occupation within management of information for internal utilization as
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