User Account

All Pages

Should credit owner capital or write debit service revenue

Assignment Help Financial Accounting
Reference no: EM132987306

Natalie receives and deposits the amount outstanding from the November 26 transaction.

Question 1: Here, she receives payment for her services (she issued an invoice to the customer). Since she "deposited" it, should credit owner's capital or write debit service revenue, credit accounts receivable?

Reference no: EM132987306

Questions Cloud

Is efficiency more critical to organizational performance : 1. How do you feel about having a manager's responsibility in today's world characterized by uncertainty, ambiguity, and sudden changes or threats from the envi
Post the transactions to the appropriate t-accounts : Post the transactions to the appropriate T-accounts. (For each T-account, enter answers in the in the first available space debit or credit space, as appropriat
What are your emotional triggers : - What are your emotional triggers? List five of your own personal triggers in the space provided below and how they affect you.
Outline the key steps in business environment analysis : Outline the key steps in business environment analysis
Should credit owner capital or write debit service revenue : Should credit owner's capital or write debit service revenue, credit accounts receivable? Natalie receives and deposits the amount outstanding
Would be debit phone expenses and credit accounts payable : Would be debit phone expenses and credit accounts payable? The cell phone is used exclusively for Cookie Creations' business.
Create a statement of cash flow for friend : Create a statement of cash flow for your friend from information provided above using the direct method. Cash account balance at the beginning of the year 500
Human resources director of training and development : Many companies provide in-house training on various HR topics, meaning it does not always have to relate to a specific job. Some examples of in-house training i
Are the cultures of the world becoming more similar : Are the cultures of the world becoming more similar or more distinct?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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