Reference no: EM132739298
Problem 1: If a P4,700 cash purchase of supplies is recorded as P5,700 debit to Supplies Expense and Credit to Cash, the result will be that
a. the trial balance will be out of balance.
b. the Supplies Expense account will be understated.
c. the Cash account will be overstated.
d. Supplies Expense will be overstated and Cash will be understated.
Problem 2: An important of closing entries is to
a. Adjust the accounts to ledger
b. Set nominal accounts balance to zero at the start of the next period
c. Set real account balances to zero at the start of the next period
d. Help in preparing financial statements
|
What is the statement of the objectives
: Based on the data presented below answer the following question: What is the statement of the problem? What is the statement of the objectives?
|
|
Explain the what is the mean for debits
: Which a journal entry must have the following parts, except? Debit and credit accounts and amounts. / Signs of the monetary unit, or peso signs
|
|
What should the owner of the company do
: Assuming the projected sales (and therefore tax bracket) are predicted to increase dramatically over the next 5 years, what should the owner of the company do
|
|
Identify major hr and ir challenges for the organisation
: Using Air New Zealand as your example, identify up to three major HR and IR challenges for this organisation. Identify strategic steps this organisation.
|
|
Find an important of closing entries is to
: If a P4,700 cash purchase of supplies is recorded as P5,700 debit to Supplies Expense and Credit to Cash, the result will be that?
|
|
Create bond amortization schedule from October
: Create bond amortization schedule/table from October 31, 2020, to October 31, 2025, using the effective interest rate. Round to the nearest dollar
|
|
When isrevenue generally recognized
: When isrevenue generally recognized? Which the carrying value of a depreciable asset equals? The original cost minus depreciation expense for the current period
|
|
What are the roles played by technology
: Technology plays a vital role in the implementation of HRM. In your own perspectives, What are these roles played by technology? Why are they important?
|
|
What is the net present value
: What is the net present value (NPV) of a project if the present value of cash flow is $1061 and the present value of the cash flow is $614
|