financial management for accountants, Accounting Basics

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what are the disadvantages of just-in-time?

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Credit & debit, difference between credit and debit

difference between credit and debit

Show account titles and explanation column in journal, Account titles and e...

Account titles and explanation column The first row of an entry shows the account debited. The second row shows the account credited. Notice that we notch the credit account t

Explain accrual basis of accounting, Q. Explain accrual basis of accounting...

Q. Explain accrual basis of accounting? In certain circumstances companies may perhaps use the cash basis for income tax purposes. All through the text we use the accrual basis

Books of original entry, how is withdrawaL OF goods by owner for personal u...

how is withdrawaL OF goods by owner for personal use treated in the books

State the term- debits must always equal credits, State the term- Debits mu...

State the term- Debits must always equal credits To help understand Temporary Owner's Equity accounts. All transactions which affect owner's equity could be recorded in one

Concepts of accounting, the consequences of non-compliance of each of the a...

the consequences of non-compliance of each of the accounting concepts.

Show purchase returns and allowances account, Q. Show Purchase Returns and ...

Q. Show Purchase Returns and Allowances account? Both allowances and returns reduce the buyer's debt to the seller and decrease the cost of the goods purchased. The buyer may d

Accounts receivable departments, What are the components or materials used ...

What are the components or materials used by Accounts receivable departments? Ans) Accounts Receivable department is very vital department of the company. The responsibilities o

Calculate present value, Windsor Company will receive $100,000 in 7 years. ...

Windsor Company will receive $100,000 in 7 years. If the appropriate interest rate is 10%, the present value of the $100,000 receipt is ? Answer: PV = FV (PVIF) = $100,000 x 0.5132

What is a user account, User accounts are the primary means of access for a...

User accounts are the primary means of access for actual people to the system (computer), and these accounts insulate the user and the environment, preventing the users from damagi

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