User Account

All Pages

How do reconcile this statement to the subsidiary ledger

Assignment Help Accounting Basics
Reference no: EM132595080

Question - Gold Catering sent a cheque for $3000 for payment of their account to Bevan Wholesalers but when we received the statement at end of month, Bevan Wholesalers Statement showed they received $6000 (not $3000) How do reconcile this Statement to the Subsidiary Ledger?

Reference no: EM132595080

Questions Cloud

Integrative leadership style : Charismatic Leadership: Discuss whether this leader demonstrates charisma according to Weber's approach.
Prepare the journal entry to record the repurchase of shares : Prepare the journal entry to record the repurchase of the shares. On September 23, 2020, Sahali repurchased 50,000 shares for $17 a share.
What types of long-lived assets you would expect : Now, what types of long-lived assets you would expect to see on the balance sheets of each of these companies
What is the percentage change in the price of the bond : The bond has a face value of $1,000. What is the percentage change in the price of this bond if the market yield rises to 9% from the current rate of 8.5%?
How do reconcile this statement to the subsidiary ledger : Bevan Wholesalers Statement showed they received $6000 (not $3000) How do reconcile this Statement to the Subsidiary Ledger
What are the company financing needs : Distribution Limited projects sales next year to be $6 million and expects to earn 5% of that amount after taxes
Discuss the relevance of the traditional budgeting systems : Discuss the relevance of the traditional budgeting systems in the information age. include a discussion on the budgeting practices in australia?
What is the company debt ratio for kansas office : The company's ROE was 15 percent. The company is financed entirely with debt and common equity. What is the company's debt ratio?
Explain the initial recognition and measurement process : With reference to MFRS, briefly explain the initial recognition and measurement process for long term liabilities. Give example where appropriate.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the company dividend yield

A company's stock is selling for $108.30 per share at year-end. Calculate the company's dividend yield

  Prepare dolds journal entries for the initial transaction

Dold Acrobats lent $16,529 to Donaldson, Inc., accepting Donaldson's 2-year, $20,000, zero-interest-bearing note. The implied interest rate is 10%.

  Create investigative and reporting tools based on the fraud

For this assignment, you will create investigative and reporting tools based on the fraud case you selected during Module 4. Please include the following.

  Do you agree with sue why or why not

Do you agree with Sue? Why or why not? On their discussion about bad debt recording Harry argues that the ‘Allowance Method' is problematic as it requires the making of estimates and estimates are different under different estimation techniques.

  How would mutually exclusive apply to multiple projects

The Net Present Value method is modern method of evaluating investment proposals. How would mutually exclusive apply to multiple projects?

  What is the acid-test ratio for the current year

The following information relates to Harris Corporation. What is the acid-test ratio for the current year? What is the inventory turnover for the current year

  What is the definition of compensation

If your school has a subscription to the FASB Codification, go to FASB Codification's website to log in and prepare responses to the following.

  Prepare the consolidation worksheet adjusting entries

Prepare the consolidation worksheet adjusting entries for preparation of the consolidated financial statements for the following transactions as at 30 June 2019

  Calculate the depreciation expense for the third year

Using declining-balance depreciation at twice the straight-line rate, calculate the depreciation expense for the third year of the machine's life.

  Explain the tax consequences of the irs

Your client supplies water to a housing development. The company requires new customers to pay for the extension of the water lines to the customer's home. The water lines are the company's property. The client would like you to explain the tax conse..

  Show the computation of the three ratios

The purpose of this SLP is to apply ratio analysis to assess the financial health of ABC Company. Use the income statement presented in the case during.

  Home builders sells windows and doors in the ratio of 82

home builders sells windows and doors in the ratio of 82 . the selling price of each window is 100 and of each door is

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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