Reference no: EM133036339

What is the primary difference between the trial balance and balance sheet?

What is double-entry bookkeeping? Explain nominal accounts with example

What is the basic difference between asset, equity, and liabilities?What are liabilities? Explain what does the standard journal entry includes?

Explain double-entry accounting with an exampleWhat is GAAP? Mention the types of ledgers

What is the difference between depreciation and amortization?

Explain the meaning of long-term notes payable is or long-term liabilities

What are the three factors that can affect your cash flow and business profitability?

In which account does the unpresented cheque will get recorded?

What knowledge should financial accountant have?

Why some asset accounts have a credit balance?

Where a cash discount should be recorded in a journal entry?

What is the equation for Acid-Test Ratio in accounting?

List out some of the accrued expenses and the accounts to record them

Where do generally accruals appear on the balance sheet?

What happens to the company's "Cash Account" if it borrows money from the bank by signing a note payable?

What is "deposit in transit"? What is an over accrual? What is Bank Reconciliation? Explain deferred asset with example

What is the main difference between accumulated depreciation and depreciation expense?

List things will not be included in a bank reconciliation statement

What is the general classification of accounts that usually ledger account involve?

What are the disadvantages of a double-entry system?

List out the stages of double entry system

What are the rules for debit and credit for different accounts to increase the amount in your business accounts?

Mention the types of accounts involved in double-entry book-keeping

What are the accounting events that are frequently involved in compound entries?