What type of business would maintain a cash receipts

Assignment Help Accounting Basics
Reference no: EM131139236

1. Why would special journals used in different businesses not be identical in format? What type of business would maintain a cash receipts journal but not include a column for accounts receivable?

Reference no: EM131139236

Questions Cloud

Find the total cost : Problem - A company's marginal cost function is 14/√x where x is the number of units. Find the total cost of the first 64 units (from x = 0 and x = 64)
What can you say by examining the graph : What can you say by examining the graph? On average, do the two variables evolve in opposite directions?
What is the effect on output and on prices : Suppose there is a decline in the demand for money. At each output level and interest rate the public now wants to hold lower real balances
The cash and the accounts receivable columns : The cash and the accounts receivable columns in the cash receipts journal were mistakenly over added by $4,000 at the end of the month.
What type of business would maintain a cash receipts : What type of business would maintain a cash receipts journal but not include a column for accounts receivable?
How might this error be discovered : A $500 purchase of merchandise on account from Lore Company was properly recorded in the purchases journal. When posted, however, the amount recorded in the subsidiary ledger was $50.
Where should thogmartin company record the sales return : Thogmartin Company uses special journals. It recorded in a sales journal a sale made on account to R. Peters for $435.A few days later, R. Peters returns $70 worth of merchandise for credit.
What other goals are appropriate for federal reserve policy : Should the Federal Reserve Board focus exclusively on the problem of inflation? - What other goals are appropriate for Federal Reserve policy?
Identify and explain the four special journals discussed : Identify and explain the four special journals discussed in the chapter. List an advantage of using each of these journals rather than using only a general journal.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Amount of the temporary difference

Assume that $60,000 of collections occurred during 2004 and the remainder will occur in 2005. What is the amount of the temporary difference at the end of the year 2004?

  Share net income and loss by granting annual salary

Assume that the partners of Exercise 12-5 agreed to share net income and loss by granting annual salary allowances of $50,000 to Kramer and $40,000 to Knox, 10% interest allowances on their investments, and any remaining balance shared equally.

  You are an accountant at a local cpa firm that is auditing

you are an accountant at a local cpa firm that is auditing the accounting records of abc company. during your audit you

  Original cost of the computer to stark

Assuming the computer has a ten-year life and will have no salvage value at the expiration of the lease, what was the original cost (present value) of the computer to Stark?

  List three unique characteristics of state

List three unique characteristics of state and local governmental accounting as contrasted with business enterprise accounting.

  Karen is single and is an active participants in her

1. karen is single and is an active participants in her employer retirement plan. she contributed 5500 the maximum

  Aicpa code of professional conduct

1. Evaluate Joe's actions and motives using ethical reasoning and with reference to the AICPA Code of Professional Conduct. 2. Evaluate Joe's actions from a cognitive development perspective.

  What happens to expected portfolio return if the portfolio

what happens to expected portfolio return if the portfolio beta increases from 1.0 to 1.5 the risk-free rate decreases

  Ramirez company is considering a project that will require

ramirez company is considering a project that will require a 500000 loan. it presently has total liabilities of 220000

  Who might be stakeholders

Who might be stakeholders? Do you think it is almost inevitable that the requirements of different stakeholders can conflict in some way? Give an example.

  Fryer corporation uses the weighted-average method in its

fryer corporation uses the weighted-average method in its process costing system. this month the beginning inventory in

  The information needs of a specific user of financial

the information needs of a specific user of financial accounting information depends upon the kinds of decisions that

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!

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