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Questions -
Q1. What is the difference between Sales and Cash receipts Journal?
Q2. What is the difference between Periodic and perpetual inventory system? List any 2 companies from internet that follows these types of inventory systems?
Q3. How many types of special journals are there? Explain each of them
Q4. What is cost of goods sold? Is it an asset, expense, liability or revenue in accounting?
Q5. Explain the difference in operations and accounting procedures between merchandising and service companies?
Ignoring income taxes, prepare the appropriate correcting entry for the equipment capitalization error discovered in 2011.
The beta of M Simon Inc., stock is 1.8, whereas the risk-free rate of return is 0.10. If the expected return on the market is 0.15, What is the expected return
Hank's is a chain of 55 coffees hops. The standard amount of ground coffee per cup is .75 ounces. Compute material price and quantity variances
Show how Mountain Terrace Medical Center should report net accounts receivable on its December 31, 2012 balance sheet. Use the three line reporting format.
Suppose Ford Motor Company issues a five year bond with a face value of $5,000 that pays an annual coupon payment of $150.
Find a current event, within the last 1-2 years, that involved a crisis or scandal. Give a brief synopsis of the company and the issue
Develop procedures to systematically liaise with educators, learners and others to monitor how well learning strategies and learning resources
favata company has the following information month budgeted sales june 60000 july 51000 august 40000 september 70000
The Austin Land Company sold land for $85,000 in cash. The land was originally purchased for $65,000, and at the time of the sale, $40,000 was still owed to Regions Bank on that purchase. After the sale, The Austin Land Company paid off the loan t..
Joe's Tuxedos has monthly fixed costs of $27,750. The variable costs of sales are 65%. What is the break-even monthly sales revenue
The Alpha Corporation owns a building with a basis of $20,000 that is subject to a debt of $80,000. Find amount of gain or loss does Alpha recognize
Cooperative San José of southern Sonora state in Mexico makes a unique syrup using cane sugar and local herbs. The syrup is sold in small bottles.
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