User Account

All Pages

What is the result of errors in journaling

Assignment Help Financial Accounting
Reference no: EM132743995

Questions -

Q1. In managing company funds, transparency is required regarding the flow of incoming funds and disbursed funds, In your opinion, when should a bank reconciliation take place? Explain.

Q2. PT Mei Bong's monthly telephone costs are 5 million and electricity costs are Rp 500 million, but there was an input error which resulted in the electricity cost report only Rp. 5 million and telephone fees of Rp. 500 million. Assume you are a Manager Finance, what is the result of errors in journaling and in what way you should do? Explain!

Q3. Mei Bong Company requires students to pay tuition each semester before college starts. Students who have not paid tuition fees not allowed to register and attend lectures. In your opinion, what is the journal entry which Mei Bong Company will use to record the tuition payment receipt the students? describe the nature of each account in the journal entry!

Reference no: EM132743995

Questions Cloud

What is the card EFF : American Express and other credit card issuers must by law print the Annual Percentage Rate on their monthly statements. What is the card EFF
Introduced to major animal phyla : You were introduced to the major animal phyla. Choose an animal which represents a particular phylum.
Compute for the unit cost transferred to finished goods : Compute for the unit cost transferred to finished goods if the 3,000 units were lost at the end of processing but were considered abnormal
Estimate the market value of her property : Assume her private property will appreciate by value by 5% each year, estimate the market value of her property in 20 years-time
What is the result of errors in journaling : Assume you are a Manager Finance, what is the result of errors in journaling and in what way you should do? Explain
Prepare the journal entry to record the issuance of bonds : Park Corporation is planning to issue bonds with a face value of $3,900,000. Prepare the journal entry to record the issuance of the bonds
Determine the equivalent units and conversion costs : Prepare the statement of equivalent production to determine the equivalent units and conversion costs and the cost per equivalent unit for direct materials
What is the nature of the liability in accounting : What is the nature of the liability in accounting? How Newmont Mining Corporation reclamation and remediation liabilities
Which account and amount should we debit : Which account and amount should we debit when we journalize the entry needed on the date of declaration (January 3)

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