User Account

All Pages

What is the purpose of a credit note

Assignment Help Accounting Basics
Reference no: EM133088141

Question 1 - What is the purpose of a credit note? When a credit note is posted what happens to the customer balance? What transaction(s) are created in the General Ledger module?

Question 2 - How is the posting date different from the session date?

Question 3 - Explain if you should use an adjustment entry to record a customer NSF cheque returned by the bank. Why or Why not (including how a NSF cheque should be processed).

Question 4 - How is a General Journal entry in Sage 300 2019 different from a manual accounting journal entry?

Question 5 - If you repeatedly get the message that an invoice entry will cause a customer to exceed the credit limit, what should you do?

Reference no: EM133088141

Questions Cloud

Prepare journal entry allie will record for bond interest : On 1/1/2019, Allie Company issued bonds payable of $500,000 at 8%. Prepare journal entry that Allie will record for bond interest expense on 12/31/2021
What the equivalent units of production for direct materials : Beginning inventory 17900 units that were 20% complete as to direct materials and conversion costs. What the equivalent units of production for direct materials
Compute the consolidated gain or loss : On 1/1/2019, Allie Company issued bonds payable of $500,000 at 8%. Compute the consolidated gain or loss on a consolidated income statement
What will be the minimum price per unit for special order : If your recommendation was not to accept the special order; what will be the minimum price per unit for special order to be accepted based on CM ratio
What is the purpose of a credit note : What is the purpose of a credit note? When a credit note is posted what happens to the customer balance
Compute Joel minimum net income for tax purposes : Compute Joel's minimum net income for tax purposes taxable income (and the amount of any loss carryover available as a result of the above information
Explain two forms of financing : Explain two forms of financing? Explain outside factors that may contribute to an economic decline of a corporation
Prepare the journal entries for Lawrence : Prepare the journal entries for Lawrence for 2019 and 2020, assuming that Lawrence follows IFRS and can exercise significant influence over Cherokee
What were the total proceeds from the common stock sale : The firm issues 7 million shares of common stock, and the underwriting fees were $2.01 per share. What were the total proceeds from the common stock sale

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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