Discuss should or not be a permanent accounting record

Assignment Help Accounting Basics
Reference no: EM132676344

Question 1: Using a worksheet often facilitates the end-of-period (monthly, quarterly, or annually) accounting and reporting process. Use of a worksheet helps a company prepare the financial statements on a more timely basis. Discuss whether a worksheet should or should not be a permanent accounting record, and should its use be required in the accounting cycle. Explain the reason for your position.

Reference no: EM132676344

Questions Cloud

The state of georgia rationale for this practice : What might be the state of Georgia's rationale for this practice? How might the state of Georgia address this issue?
Organization using website to solicit funds and donors : Give the website for the not-for-profit organization you chose for your final project. How is this organization using its website to solicit funds and donors?
Find what effect on the trout national bank pre-tax june : Trout National Bank close their books to prepare financial statements. What is the effect on The Trout National Bank's pre-tax June 2019 income?
How each part of the task force is integral to its success : Crime prevention is enhanced when law enforcement agencies are willing to work together rather than operate as separate entities. While dealing with egos.
Discuss should or not be a permanent accounting record : Explain whether a worksheet should or should not be a permanent accounting record, and should its use be required in the accounting cycle.
Working to align incentives with desired behaviors-outcomes : Healthcare administrators, payers, and regulators spend a significant amount of time working to align incentives with desired behaviors and outcomes.
What is the total profit or loss : Suppose instead that fair weather prevails and, by show time, 20,000 concert tickets were sold. What is the total profit or loss
Business strategy to drive organizational strategy : Why is it important for business strategy to drive organizational strategy and IS strategy? What might happen if the business strategy was not the driver?
Define responsibilities of forensic psychology professional : Although qualified forensic psychology professionals may serve in roles in both police and investigative psychology, this week's Discussion invites you to.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss the relevant of the built-in loss limitation

When properties transferred by a shareholder. Discuss the relevant of the built-in loss limitation given the enactment of the basis step-down rule.

  Adjustment to record accrued salaries at the end of the year

Assuming the use of a two-column (all-purpose) general journal, a revenue journal, and a cash receipts journal as illustrated in this chapter, indicate the journal in which each of the following transactions should be recorded:

  Research opportunities in information technology

Write using "summarizing language." Occasionally note that this is a summary by using phrases such as the author(s) argues, implies, etc.

  Exclusion clause on the back of the clothing

1. Tommy is a successful property developer who regularly attends Jay's Dry-Cleaning Service to have his expensive suits dry-cleaned. The owner of the business, Bob Jay,   has been advised to limit his liability by the use of an exclusion clause o..

  Home auto parts is a large retail auto parts store selling

home auto parts is a large retail auto parts store selling the full range of auto parts and supplies for do-it-yourself

  Calculate Momeca City minimum net income

Amortization expense equals 20% of Momeca City's total expenses. Calculate Momeca City's minimum net income for tax purposes. Identify the ITA citation

  Cloud-based computing allows businesses to store

Cloud-based computing allows businesses to store and access large amounts of data over the Internet rather than on in-house computer hard drives. There are several cloud-based data solutions currently available in the marketplace.

  Compute the overhead rate per service request

Compute the overhead rate per service request for the Maintenance Department if estimated overhead costs are $18,290 and the number of estimated service request is 3,100.

  Obtain the desired after-tax rate of return

Zeon, a large, profitable corporation, is considering adding some automatic equipment to its production facilities. An investment of $120,000 will produce.

  Company p owns 80 of company s on january 1 20x3 company s

company p owns 80 of company s. on january 1 20x3 company s has outstanding 6 bonds with a face value of 200000 and an

  Which of the following isnt one of the activities shown on

which of the following is not one of the activities shown on the statement of cash flows? accounting activities

  How much of his loss will be suspended

At the end of the year, he receives a K-1, which allocates an $80,000 loss to him. How much of his loss will be suspended under the passive activity rule

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd