What is the book of original entry called

Assignment Help Accounting Basics

Reference no: EM132014947

Questions -

Q1. Owner's want to "build equity" in their business. Can be done by INVESTING (putting an asset into the business). But how do owner's prefer to build equity? Thai is, what's the best way to build it up for owners?

Q2. What's the book of "original entry" called? How do we move information from the original book to a second set of books? What's that second set of books called? Which set of books do we pull Financial Reports from? Which set of books has our "accounts"?

Q3. Paraphrase what a "trial balance" is, and tell me if it's a formal report I should give to my banker? Would I expect all accounts in any trial balance to have "normal" balances?

Reference no: EM132014947

Questions Cloud

What themes do you observe : Watch some form of media (television or film) list five different jobs you can observe males being employed in, make a similar list for females.

Interface for effective entry and navigation : List and describe the functional capabilities needed in an interface for effective entry and navigation.

Do you think this video would positively -negatively affect : What were your thoughts on the video? (were you surprised and why, did you already know and how/when did you know?)

Thinking about trading cars : Jesse Pinkman is thinking about trading cars. He estimates he will still have to borrow $35000 to pay for his new car.

What is the book of original entry called : What's the book of "original entry" called? How do we move information from the original book to a second set of books? What's that second set of books called

Caesar cipher encryption algorithm : Determine at least four modifications to the Caesar Cipher encryption algorithm that could increase the time required to break it.

Explain the basics of the theory : Super's theory is very complex. Explain the basics of the theory as if you were educating a 15-year-old seeking career advice.

Discuss the use of psychological principles : Choose a topic from the Research Topic List that is relevant, current, newsworthy, and has mass appeal. a. Topic 1: The use of psychological principles.

Explain aircraft airworthiness concepts : Explain aircraft airworthiness concepts. Explain the meaning of reliability as it applies to aircraft and related equipment.

User Account

All Pages