Revenue or payroll cycle at your organization

Assignment Help Accounting Basics
Reference no: EM13144072

Describe the revenue or payroll cycle at your organization? What source documentation is used in the revenue and payroll cycles at your organization? - answer 150-200 words.

Reference no: EM13144072

Questions Cloud

Compute office today gross profit and its gross profit per : Office Today’s revenue in the current year is $ 800 million and its cost of goods sold is $ 640 million. Compute Office Today’s gross profit and its gross profit percentage.
What is the vapor pressure of this solution : A solution is prepared by dissolving 246 g of sucrose (C12H22O11) in 624 g of water. What is the vapor pressure of this solution at 30°C? (The vapor pressure of water is 31.8 mmHg at 30°C.)
Examine the five-year trend information : Examine the five-year trend information and make a list of any indicators that are negative.
Determining recognized gain or loss on distribution : Pursuant to a complete liquidation, Oriole Corporation distributes to its shareholders land with a basis of $450,000 and a fair market value of $550,000. The land is subject to a liability of $600,000. What is Orioles's recognized gain or loss on ..
Revenue or payroll cycle at your organization : Describe the revenue or payroll cycle at your organization? What source documentation is used in the revenue and payroll cycles at your organization? - answer 150-200 words.
What is the equivalent weight of this metal : A.117 gram sample of a metal reacts with hyrdochloric acid to produce 36.3 ml of dry hydrogen gas, measured at STP. what is the equivalent weight of this metal?
Discuss the propriety of increasing the stated value : Explain why the book and fair values of the goodwill of Elson Corporation are different. Discuss the propriety of (a) increasing the stated value of goodwill prior to the negotiations and (b) eliminating goodwill completely from the balance sheet p..
Problem on revenue and payroll cycles : What internal controls components are commonly found among the revenue and payroll cycles? What components are unique to each cycle? - Answer 150-200 words.
Application of internal controls to systems : Identify all risks and internal control points by incorporating the controls and risks into the flowcharts. Design internal controls to mitigate risks to the systems. Evaluate the application of internal controls to the systems.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Accountant method of recording returns

The cost of the merchandise returned was $40,000. The accountant recorded all the returns and allowances by debiting the sales account and crediting Cost of Merchandise Sold for $65,900. Was the accountant's method of recording returns acceptable?..

  Provide a brief scenario of a specific type of business

Assess the importance of free cash flow in a growth company. Provide a brief scenario of a specific type of business that would benefit from free cash flow.

  Article analysis using macroeconommic indices

Conduct an analysis of recent article and provide their evaluation and outcome expectations in written paper of 1500-2500 words that discusses:

  Financial statement analysis

ACCT212 Project 2: Financial Statement Analysis-YUM! Brands, Inc.  Description: Using the financial statements for YUM! Brands, Inc. located in Appendix A of your Textbook, you will calculate Vertical and Horizontal Analysis and the Financial Ratios ..

  What would be likely result of management analysis of report

santo Company budgeted selling expenses of $30000 in January, $37000 in February, and $45000 in March. Actual Selling expenses were $31000 in January, $35500 in February and $53000 in March.

  Accounting objective questions

accounting objective questions, Which of the following is a cash flow from operating activities? A cash inflow from financing activities includes?

  Method to determine depreciation

Canliss Mining uses the retirement method to determine depreciation on its office equipment. During 2009, its first year of operations, office equipment was purchased at a cost of $14,000.

  Compute the ending inventory

Using the retail method (this method estimates lower-of-average-cost-and-market), compute the ending inventory at cost as of January 31, 2005. Make sure your answer is in good form with clearly labelled amounts.

  Concept of traditional costing system

Globe uses a traditional costing system and assigns overhead based on direct labor hours. Each unit of B2 would be assigned overhead of:

  Unit of the company inventory

Under variable costing, each unit of the company's inventory would be carried at:

  Deducting tax return

Doug pays a county personal property tax on his automobile of $1,500. The $1,500 includes $800 based on the weight of the car and $700 based on the value of the car. How much of the tax can Doug deduct on his tax return?

  Pension plans-overtime pay-basic wages

What are four safeguards that the ERISA legislation specified to address the many obstacles employees faced with pension plan funding? How did the Pension Protection Act add additional requirements to the protection of these plans?

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!

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