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. Show Journalizing adjusting entries?
Subsequent to completing Micro Train's financial statements from the work sheet you should enter the adjusting entries in the general journal and post them to the appropriate ledger accounts. You would make these adjusting entries as you learned in section 3 except that the work sheet is now your source for making the entries. The making of a work sheet doesn't eliminate the need to prepare and post adjusting entries because the work sheet is only an informal accounting tool and is not part of the formal accounting records.
The numerical notations in the adjustments explanations and at the Adjustments columns the bottom of the work sheet identify each adjusting entry. The Adjustments columns show every entry with its appropriate debit and credit. Micro Train's adjusting entries since they would appear in the general journal after posting are
started in business with cash 16,000
Q. Show Journalizing adjusting entries? Subsequent to completing Micro Train's financial statements from the work sheet you should enter the adjusting entries in the general jo
OBJECTIVES OF FINANCIAL STATEMENT ANALYSIS Financial Statements are analyzed by dissimilar users for dissimilar purposes. Some of the purposes are as under- 1. To recognize
Q. Describe the essential steps in the closing process? In accounting we habitually refer to the process of closing as closing the books. Remember that merely expense, revenue
what the accounts maintained in retail business
what is the implication of applying accounting concept wrongly
Q. What is Accounts receivable? Accounts receivable as well called trade accounts receivable are amounts owed to a business by customers. An account receivable occurs when a co
Q. Objectives of financial reporting? Financial reporting objectives are the broad overriding objectives sought by accountants engaging in financial reporting. According to the
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
Q. Classes and types of adjusting entries? Adjusting entries plunge into two broad classes deferred meaning to postpone or delay items and accrued meaning to grow or accumulate
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