In a computerized environment you learn about the

Reference no: EM13588969

In a computerized environment you learn about the relationship between Peachtree and the fundamental accounting principles and processes. Although many of the accounting processes are automated with Peachtree, the user still needs to know the accounting basics principles in order to fully utilize the system. In this regard, discuss the following:

•The accounting system is based on the accounting equation. Explain this accounting equation and describe its components. •Describe the concept of debit and credit. How are they used in accounting?

•Describe the numbering system used to number each account in computerized accounting.

Reference no: EM13588969

Questions Cloud

Poduct a unit sales price 5 unit contribution margin 75 : product a unit sales price 5 unit contribution margin .75 sales mix 80product b unit sales price 4 unit contribution

Pcb corporation manufactures a single product monthly : pcb corporation manufactures a single product. monthly production costs incurred in the manufacturing process are shown

You have been working at a local travel agency as a : you have been working at a local travel agency as a secretary. your agency has signed a contract with a local corporate

Skychefs inc prepares in-flight meals for a number of major : skychefs inc. prepares in-flight meals for a number of major airlines. one of the companys products is grilled salmon

In a computerized environment you learn about the : in a computerized environment you learn about the relationship between peachtree and the fundamental accounting

If we are just assuming the actual quantity of the product : if we are just assuming the actual quantity of the product is 840 kg and its standard market price is 48 which is to

The company will continue to incur the total amount of its : diego company manufactures one product that is sold for 81 per unit in two geographic regions-the east and west

Description of implementation logistics when and how will : consider the population in which the solution is intended the staff that will participate and the key contributors

On 31st march 2009 the total assets and external : on 31st march 2009 the total assets and external liabilities were 200000 and 6000 respectively. during the year the

User Account

All Pages