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Question - Software packages in the financial and accounting workplace are used to transfer data from transactions such as sales and purchases, receipts from customer and payments to supplier accounts. These transfers of data will be used to update records such as inventory, asset records, customer accounts and the like. From these records financial reports and financial statements will be prepared. Software used in the financial sector include Excel spreadsheets with advanced functions and MYOB integrated accounting software.
Conduct some research on computerised accounting systems and answer the following questions: the relationship between a modern cash register system and data input into a retailers accounting system. Explain this relationship.
List the different costs associated with the new product decision down the extreme left column (under Name of the Cost).
Post all relevant cash journal entries to the Cash Account ledger. Determine the Cash Account balance after all postings are completed
The company estimates that it will be unable to collect 2% of its sales on account. Calculate the receivables net realizable value at year end
a project has the following cash flows year 0 cash flow 58000 year 1 cash flow -34000 year 2 cash flow -45000a. what is
Depreciation expenses are expected to be 0.5%of sales.
Comparative balance sheet data for Tanzanite Imporium follow. In addition, new equipment was purchased for $60,000, payment consisting of $40,000 cash and a long-term note for $20,000. The short-term note payable was arranged with a supplier to finan..
microsoft corporation reports its investments available-for-sale at the fair value of the investment securities. the
management of rivers co. anticipates that its year-end balance sheet will show current assets of 12828 and current
Sheffield Corp. was organized on April 1, 2020. Determine the net income for the quarter April 1 to June 30. Determine the total assets
Would you grant credit to D. Hawk Company? What additional information, if any, would you want before making a final decision?
What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Round your answer to two decimal places.
shamrock company had net income of 30000. on january 1 the number of shares of common stock outstanding was 8000. what
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