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Q. Describe about Cash role in balance sheet?
Cash includes deposits in banks obtainable for current operations at the balance sheet date plus cash on hand consisting of un-deposited checks, drafts, currency and money orders. Cash is the primary current asset to appear on a balance sheet. The term cash usually includes cash equivalents.
How many kind of Assets?
Recording Private Company Credit Card Sales Goes to the individual company-not a bank. Treated as a sale on account. Credit card Company is responsible for collection of
WHAT DO YOU MEAN BY ACCRUAL CONCEPT
what do you mean by 90% of the entire issue to be received before the allotment of shares?
Q. What do you mean by Salaries? The recording of the payment of employee salaries typically involves a debit to an expense account and a credit to Cash. But for a company pays
WHAT IS THE MEANING OF INVENTORY TURNOVER
1. An accountant records a transaction when cash is paid or received under which basis of accounting? cash deferred accrual liability 2. When unearned revenue is initially rec
Inventory is habitually the largest and most important asset owned by a merchandising business. The inventory of some companies similar to car dealerships or jewellery stores may c
Q. Explain double-entry procedure? The double-entry procedure maintains the accounting equation in balance. The dual recording process generates two sets of accounts those with
The ratio of __________ to __________ is an example of a __________ ratio. A. quick assets; current liabilities; leverage B. cost of goods sold; total assets; asset utilization
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