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Q. Show Adjustments for deferred items?
This segment discusses the two types of adjustments for deferred items asset/expense adjustments and liability/revenue adjustments. In the asset/expense group you find out how to prepare adjusting entries for prepaid expenses and depreciation. In the liability/revenue group you find out how to prepare adjusting entries for unearned revenues. Micro Train Company should make several asset/expense adjustments for prepaid expenses.
where dose inventory changes aper on the balance sheet
HOW TO DO DOUBLE ENTRY QUESTIONS
AL MASA a sole trader,decided to install a new machine to use within her sole trader business
define accounting.Briefly explain the accounting concepts which guide the accountant at the recording stage.
Q. What do you mean by consigned goods? FOB destination, freight collect - Seller acquires freight charges and buyer initially pays freight charges. Buyer deducts freight accus
An estimated liability: 1. Is an unknown liability of a certain amount. 2. Is a known obligation of an uncertain amount that can be reasonably estimated. 3. Is a liabil
It dates from the development of huge scale business and the advent of Joint Stock Company as a form of business that enables the public to participate in giving capital in return
Q. What is Chart of accounts explain? The chart of accounts is a absolute listing of the titles and numbers of all the accounts in the ledger. The chart of accounts is able to
stion 8 of 20 5.0 Points Merchandise lists for $5,000 with a trade discount of 10% and terms of 5/30, 3/60, n/90. If the purchaser is invoiced on April 12th and payment is m
Explain in detail about the MERCHANDISE INVENTORY Cost of merchandise purchased during an accounting period is debited to Purchases account. To determine VALUE of the goods on
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