Ethics on reconstruction of accounts, Accounting Basics

Assignment Help:

If a customer payment data was lost and needed to be reconstructed what are some of the ethical considerations the business owner would need to consider? This may include internal controls?

Related Discussions:- Ethics on reconstruction of accounts

Income from continuing operations before income tax, White Lightning Inc. r...

White Lightning Inc. report income from continuing operation before income taxes of $626,000 for the year ended 12/31/2004. During October of 2004, White Lightning elected to phase

the specific citation for accounting , Corporations frequently invest in s...

Corporations frequently invest in securities issued by other corporations. Some investments are acquired to secure a favorable business relationship with another company. On the ot

Exchange-price or cost principle, Q. Explain about Exchange-price or cost p...

Q. Explain about Exchange-price or cost principle? When resources are transferred between two parties such like buying merchandise on account the accountant must follow the exc

Show effects of transaction, Q. Show Effects of transaction? A prepaid ...

Q. Show Effects of transaction? A prepaid insurance, asset, increases (debited) and cash, decreases (credited), asset by USD 2400. The debit is to Prepaid Insurance relatively

T-Accounts, How would I plot these problems in a T-account? d. received app...

How would I plot these problems in a T-account? d. received applications from three students for a 4-week secretarial program and 2-students for a ten day keyboarding course. The s

The amount on hand drops, A company uses 85 circuit boards a day in a manuf...

A company uses 85 circuit boards a day in a manufacturing process. The person who orders the boards follows this rule: Order when the amount on hand drops to 625 boards. Orders are

What do you understand by term offshore bank, Question 1: (a) What do ...

Question 1: (a) What do you understand by term offshore bank? (b) What are the benefits of providing and receiving banking services from an offshore bank? (c) Explain

Explain about prepaid insurance, Q. Explain about Prepaid insurance? Th...

Q. Explain about Prepaid insurance? The two accounts recitations to insurance are Prepaid Insurance (an asset) and Insurance Expense (an expense). Subsequent to posting this en

Economic substance of the transaction, Q. Economic substance of the transac...

Q. Economic substance of the transaction? In a few business transactions the economic substance of the transaction conflicts with its legal form. For instance a contract that i

Explain benchmarking, Benchmarking A process by which a company reasse...

Benchmarking A process by which a company reassesses its established business practices by comparing them with the best practices of other organizations. This process is desi

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages