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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 transactions except for petty cash. There must only be a small amount of actual cash available-petty cash.
Compare and contrast AICPA SSTS to Circular 230 related to knowledge of client''s omission.
what is accounting
Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.
began his business with equipment valued at $40,000 and place $400,000 in the business checking account. what are the accounts affected?
consumer mind is a black box
On January 1, 2012, Bartell Company sold its idle plant facility to Cooper Inc. for $1,050000. On this date, the plant had a depreciated cost of $735,000. Cooper paid $150,000 ca
I want a company law assignment
Q. Describe about Assets? Assets are things of worth owned by the business. They are as well called the resources of the business. Illustration includes machines, cash and buil
1. What are financial accounting, management accounting, and finance? What are their similarities and differences? 2. What information does a balance sheet provide? How do acco
The basic functions of a balance sheet are: 1. It provides the financial place of a company on any given date 2. It provides the liquidity picture of the concern. 3. It p
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