When do companies normally post to

Assignment Help Accounting Basics
Reference no: EM131139230

(a) When do companies normally post to? 

(1) The subsidiary accounts and 

(2) The general ledger control accounts? 

(b) Describe the relationship between a control account and a subsidiary ledger. 

Reference no: EM131139230

Questions Cloud

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.
Prepare a stockholders section of a classified balance sheet : Prepare journal entries for the transactions listed above. Prepare a Stockholders' section of a classified balance sheet as of December 31, 2014.
When do companies normally post to : Describe the relationship between a control account and a subsidiary ledger.
Graph the function in the xy plane : Consider the function f(x) = {2x3 - x2 +3x if x
How many inspectors should the firm hire : How many inspectors should be hired if additional indirect cost (lost goodwill and so on) were to average 30 percent of direct replacement or repair costs?
What are common features of computerized accounting : What are common features of computerized accounting packages beyond recording transactions and preparing financial statements?
Identify and explain each of the principles : Certain principles should be followed in the development of an accounting information system. Identify and explain each of the principles.

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.

  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!

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