Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Which of the following procedures involves transferring amounts recorded in the general journal to ledger accounts?
Answer
a.
preparing a trial balance
b.
journalizing
c.
posting
d.
cross-indexing
Question
Which of the following statements about accrual basis accounting is true?
Accrual basis accounting is used only by small hospitality businesses.
Accrual basis accounting is reflected on the statement of cash flows.
Accrual basis accounting generally requires that several adjusting entries be recorded at the end of the accounting period.
Accrual basis accounting allows a business to show greater profits than cash basis accounting.
A meeting planner made a deposit with a hotel to reserve exhibit space and the hotel has hosted the meeting. Now that the meeting has taken place, accountants should make an adjustment:
to record liabilities and expenses not previously recorded.
to record assets and revenues not previously provided.
in which previously recorded liabilities become revenue.
How do I adjust accounts?
1. Jim buys only milk and biscuits. (a) In 2004, Jim earns $100, milk costs $2, biscuits cost $4 per dozen. Draw Jim's budget constraint (b) Now suppose that all prices i
summary of key financial ratios with formula
I am taking finance class. Our books is John C. Hull 2nd edition Risk Management and Financial Institutions. Our HW are from this book. I have four questions I need help with.
a private owned business, pay salary to its employees according to the Ethiopian calendar month to the addis ababa city administration tax authority . Basic salary 3936 ,Normar wor
QUESTION 1: The Alpha Company Ltd was registered with Nominal Capital of 60,000 Equity shares of Rs.10 each. The following were the ledger balances on 31st March 2011.
HOW TO RECORD INVENTORY AT NET REALISABLE VALUE ON JOURNAL
What are the Advantage of limited liability Advantage of limited liability, though, imposes certain obligations on such companies. To start up a limited company, documents of i
Question: a) Show the different parts of a bidding document for works. b) Describe five advantages of Dispute Resolution over Termination of Contracts. c) Show the diffe
What Accounting method (cash or accrual) would you recommend for the following businesses? a. A gift shop with average annual gross receipts of $900,000 b. an accounting partnershi
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd