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. What are simple journal entries?
To understand the cross-indexing and posting process trace the entries from the general journal to the general ledger. The ledgers accounts require not contain explanations of all the entries since any needed explanations can be obtained from the general journal.
Remember that no dollar signs appear in journals or ledgers. While amounts are in even dollar amounts accountants leave the cents column blank or use zeros or a dash. When they utilize lined accounting work papers, decimal points or commas are not needed to record an amount. When they utilize unlined paper they add both commas and decimal points.
The three-column general ledger accounts of Micro Train Company after the journal entries have been posted. Each ledger account would show on a separate page in the ledger. Trace the postings as of the general journal to the general ledger to make sure you know how to post journal entries.
All the journal entries exemplify so far have involved one debit and one credit these journal entries are called as simple journal entries. Numerous business transactions, but affect more than two accounts. The journal entry for these transactions engages more than one debit and/or credit. Such journal entries are called as compound journal entries.
What is Internal control - Control of cash Internal control refers to procedures and methods a business uses to protect its assets. Checks are written for all transactio
Q. What is Merchandise inventory? Merchandise inventory is the cost of goods on hand in addition to available for sale at any given time. To determine the cost of goods sold in
Matilda Crone owns and operates a public relations firm called Dance Fever. The following amounts summarize her business on August 31, 2014:
1. An accountant records a transaction when cash is paid or received under which basis of accounting? cash deferred accrual liability 2. When unearned revenue is initially rec
How vital does Accounts receivable for small business and why? Ans) Accounts Receivables help small businesses by giving short-term liquidity. Also continued sales on cre
Inventory is habitually the largest and most important asset owned by a merchandising business. The inventory of some companies similar to car dealerships or jewellery stores may c
what are the types of assests
asdad
Q. Basic elements of financial statements? Therefore far we have discussed objectives of financial reporting and qualitative characteristics of accounting information. A third
These questions are based on the following information and should be viewed as independent situations. Popper Co. acquired 80% of the common stock of Cocker Co. on January 1, 200
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