Give the simple entry for explanation

Assignment Help Accounting Basics

Reference no: EM13252334

If the client handed in their year-end financial statement using quickbook

we adjusted the client's book and file the 2012 tax return in April 2013, but we didn't tell the client the adjusting part (because we think it will cause misleading if the client has limit knowledge in accounting).
Following year, the client continuing their book keeping in 2013 (without adjusting)
If we want to file the tax return for the year 2013, what procedure we can do to adjust client's book?
(the one we file to the IRS last year is correct.)
show me the assumption and give the simple entry for explanation

Reference no: EM13252334

Questions Cloud

Calculate the voltage drop across the diode : Express the diode current equation. A) Define all the diode parameters and draw the I-V characteristics. (Assume non-ideal diode) B) If IF=10 mA, Is=10-15A, VT=25mV, Calculate the voltage drop across the diode.

Find the wavelength and frequency for the rst mode : Consider an open tube of length L = 17 cm. What are the wavelength and frequency for the rst mode

Work breakdown structure-planning an expansion : A consumer electronics firm is planning an expansion into Milwaukee. Generally, the firm prefers to remodel large existing tenant spaces to suit their needs. Prepare a work breakdown structure (WBS) for this project with activities corresponding to a..

What have you learned about the process : If you have been or are involved in forecasting values for a process (could be at work or in your personal life) please relay your experience to the class. What have you learned about the process? Can you think of any ways to change/improve the fo..

Give the simple entry for explanation : Show me the assumption and give the simple entry for explanation

Explain what volume of o2 is consumed in the combustion : What volume of O2 (g) is consumed in the combustion of 75.6L C3H8 (g) if both gases are measured at STP?

How many bits from station c have already been sent : The distance between two stations in a 10 Mbps LAN using CSM/CD multiple access method is 2,000 meters. Station A sends a long frame first and three micro seconds later, C starts sending a long frame.

What is the voltage regulation under the conditions : A 13,800/480 V three-phase Wye-Delta-connected transformer bank consists of three identical 100-kVA 7967/480-V transformers. It is supplied with power directly from a large constant-voltage bus.

What did the court decide : What factors should a court consider in reviewing the size of any punitive damage award? Why does the court conclude that the award was not excessive in this case? 5. What would you advise FedEx to do in light of this decision?

User Account

All Pages