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In Accounting when do you input information into Journal Entry? Is it when you get a invoice or receipt? where does the information come from to input the information to create the Journal entry, General ledger, and trial Balance. Would someone send you a list of transactions that were made or would you have to look at the bank statement. Also, how would you know sales are being made in order to recon. Account Receivable accounts. If customer paid on credit?
A possible type of accounting fraud is payroll fraud.Payroll fraud occurs when someone in the payroll department creates a fake/ imaginary employee and then collects the pay checks for that employee.
Bignbad Limited Partnership is developing direct labor standards. The basic direct labor wage rate is $12.55 per hour. Employment taxes are 7% of the basic wage rate. Fringe benefits are $2.00 per direct labor-hour. The standard rate per direct labor..
What is the expected NPV of the project if the probability of the worst case scenario is 20%, base case is 60% and the best case is 20%
What would the predetermined manufacturing overhead rate? be, if Healthy Food Company uses direct labor hours as the allocation base??
How much is the capital balance of Honey in the new partnership assuming bonus method? Jane, Honey, and Nica are partners with present capital balances
Direct wages paid Rs 4,07,000 for 55,000 hours worked per hour at Rs 8.50 per hour Rs 85. Actual output 4,900 units. The labor efficiency variance is
$10,000 per quarter in an account paying 8 percent compounded quarterly. The first payment is made today. How much will you have at the end of 5 years?
Purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of goods sold using FIFO
Prepare the income statement and the total cash flow (CFFA) table for this new project? Please use these tables to help explain to Nathan relevant incremental
Calculate the MIRR for both projects. Calculate the IRR for both projects. Calculate the NPV for both projects. Explain briefly which project you would select.
The accounting and auditing professions are impacted by a number of regulatory and professional bodies. These include the Public Company Accounting Oversight Board (PCAOB) created by the Sarbanes Oxley Act of 2002; the Securities and Exchange Commiss..
Returned some materials to Chong Printing Bhd due to incorrect specifications, RM2,000. Post the transactions into three column Ledger Accounts
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