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What are the issues related with Accounts receivable?
Ans) As the Accounts Receivable, you will:
? Oversee and determine all issues related to cash application to make sure accuracy ? Reconcile daily routine cash receipts to payment register ? Design and execute new Accounts Receivable processes and procedures ? Process small payment and accounts receivable adjustment forms ? Develop and keep reports to assess team productivity ? Invoice special customer accounts
Q. What is Income Summary account? The Income Summary account is a clearing account used merely at the end of an accounting period to summarize revenues and expenses for the pe
Q. Advantages and Disadvantages of FIFO? FIFO: Advantages (a) FIFO is easy to apply (b) the assumed flow of costs habitually corresponds with the normal physical flow of goods
The assets and liabilities of Amos Moving Services at May 31, 2011, the end of the current year, and its revenue and expenses for the year are listed below. On April 1, 2010, the
Q. Explain sales return? A sales return is merchandise return by a buyer. Buyers and Sellers regard a sales return as a cancellation of a sale. Otherwise some customers keep un
A Bank reconciliation manipulates cross verifying the entries in the cash book(bank balance)with that of pass book. Mostly the reasons for disagreement of cash book with that of
when creating a trial balance, which account balances carry over from previous months
As part of their divorce agreement , Harry transfers to Mary, his former spouse, GM stock with a market value of 30000, Harry had $20000 invested in the stock. How does this transf
Identify and explain the two ratios that are used to assess the solvency of a business.
Q. Explain about cash discount? In a few industries credit terms include a cash discount of 1 percent to 3 percent to induce untimely payment of an amount due. A cash discount
twhat is debit?
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