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Q. Database management system - accounting perspective?
A database management system stores related data-such like monthly sales data products, salespersons, customers and sales amounts-independent of the application. Formerly you have defined this information to the database management system you are able to use commands to answer such questions as which products have been sell to which customers? What are the amounts of sales by individual? Salespersons? You could as well print a customer list sorted by ZIP code the alphabet or salesperson.
WHAT ARE THE CHARACTERISTICS OF ASSETS
assignments
Q. What is Accounts receivable? Accounts receivable as well called trade accounts receivable are amounts owed to a business by customers. An account receivable occurs when a co
What is uses of Purchases journal Purchases journal (SPECIAL JOURNAL) Used to record only credit purchases of merchandise-may be only one column which is posted to two accou
The company borrowed 30 000on September 1, 2011. The principal is due to be repaid in 10 years. Interest is payable twice a year on each August 31 and February 28 at an annual rate
tugade ,masinsin and biore are all famous athletes who have been operating a sports memorabilia store for how many years .The partnership decided to liquadate its operation rather
Q. What do you mean by Cross-indexing? Usually, accountants should check and trace the origin of their transactions so they provide cross indexing. Cross-indexing is the insert
10% preference share 336 ooo ordinary share capital 480 000 prepare a statement of profit or loss
Purpose To assess your ability to: •apply REA ontology concepts to an organization •prepare diagrams for the identification of the flow of data through an organization
define accounting. Explain the accounting concepts which guide the accountant at the recording stage.
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