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Which type of error would cause an entry in the suspense account?
A. A page total from the purchases journal was posted as $9780 rather than the correct figure of $9870.
B. Carriage outwards is credited to the carriage outwards account but correctly accounted for in the cash book.
C. Discounts allowed are debited to the discounts allowed account and credited to the purchases ledger control account.
D. Repairs to a vehicle are debited to the vehicles account.
Market determines are useful for analyzing publicly traded corporations. Many of these calculates use stock price, which reflects the market's (public's) expectation for the compan
A user buys a new transponder for $20. What debit and credit entries would need to be made?
Q. Show Periodicity concept? As per to the periodicity (time periods) concept or assumption an entity's life can be meaningfully subdivided into time periods (such as months or
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The resources as machinery, property, buildings and land rights etc. such a business owns are termed as assets. The money values allocated to assets are derived from the cost conce
The career paths outlined above don't nearly cover all of the many professional options available to tax specialists. For instance are you concerned that a traditional tax accounti
Q. Effects of bias in terms of accounting? Where there is no correspondence the cause may be (a) bias or (b) lack of completeness. - Effects of bias. Accounting measuremen
Accountants frequently cite the going-concern assumption to justify using historical costs rather than market values in measuring assets. Market values are of less implication to a
what is assets and its type ?
Q. Describe the Cost of sales? Cost of sales, cost of goods sold -- expense or cost of all items sold during an accountingperiod. Every unit sold has a cost of sales or cost of
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