Should be a pst column on a purchasing journal

Assignment Help Financial Accounting
Reference no: EM132970382

Problem 1: On a purchasing journal should there be a PST column? On a friend's purchasing journal - provided by the schoo - there is no PST column, only GST. Also, for special journal must debits and credits in a row of the journal always balance?

Reference no: EM132970382

Questions Cloud

Prepare journal entries to record transactions for company : Company Ltd. reported the various transactions in 20X0. Prepare journal entries to record the transactions. State any assumptions made.
State and explain to mark davis : Summarize the basic tenets of the arguments in this case - Do you agree with main tenets of the arguments in the case? Why? Justify your answer with detailed
Prepare schedule showing amount of accumulated depreciation : Which depreciation method would result in maximum earnings for financial statement reporting for the 3 year period ending December 20x2?
Recommend a change would make to the current pension : Recommend a change you would make to the current pension accounting to more accurately reflect the future obligations of a company.
Should be a pst column on a purchasing journal : On a purchasing journal should there be a PST column? On a friend's purchasing journal - provided by the schoo - there is no PST column, only GST.
What is an ongoing basis of accounting vs liquidation basis : Discuss what is an Ongoing basis of accounting vs Liquidation basis of accounting, and when are they applied? Presentation of Financial Statement = 40
Calculate the effective yield : The investor converts the proceeds from the investment back to dollars at the prevailing spot rate of $1.32 per pound. Calculate the effective yield.
Discuss the gaap stipulations along with the navigation path : Discuss the GAAP stipulations along with the navigation path for the Codification. In a similar way choose any other GAAP topic area and navigate
Prepare an income statement for the month of august : Prepare an income statement for the month of August using the modified cash basis. Collected fees $10 000 in August which includes $1 500 fees earned in July.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare a bank reconciliation as at june thirty

Prepare a bank reconciliation as at June 30. Prepare a multi-step income statement. Prepare the entry to record the credit sale and entry to record cash sales.

  Compute the balance in the work in process inventory account

Calculate the predetermined overhead rate and compute the total manufacturing overhead applied to the Work in Process Inventory account during the first month of operations.

  How much less company receive from the bank

They immediately discounted it at a bank that charged them 10%. How much less than $690 did the company receive from the bank

  Should they offer these new discount terms

Aunt Donkey has credit sales of $400,000 yearly with customers paying on average in 55 days. Should they offer these new discount terms

  Prepare journal entries using the area of interest method

Prepare journal entries using the area of interest method for 2018, 2019, and 2020. Calculations should be rounded to the nearest dollar.

  Compute the break even points in peso sales

Assuming the Woodstock would like to generate 300,000 net income after tax, how many units must be sold? Compute the Break even points in Peso Sales

  What are its costs and benefits

If the change in sales is the only consequence of this decision, what are its costs and benefits? Is it a good idea

  Solve the expected spot rate in six months

Solve the expected spot rate in 6 months, assuming the Interest Rate Parity holds between the two countries. (Round off calculations to four decimals.)

  What is the after-tax cost ofdebt for the firm

What is the after-tax cost ofdebt for this firm if the marginal tax rate for the firm is 34 percent? What if the bondsare selling at par?

  Will the company accept or reject the project

The rate of return will increase by a growth rate of 6% forever, will the company accept or reject the project

  What is the number of queenie corporations ordinary

What is the number of Queenie Corporation's ordinary share outstanding at December 31, 2019? Queenie Corporation was incorporated on January 2, 2019

  Claimed the standard deduction instead of itemizing

Carl and Carla are a very wealthy retired couple in their late sixties and file a joint tax return. During 2016 they had AGI of $951000, all from investments and equals their net investment income. If they itemize, what is their taxable income for 20..

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