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Q. Uses of technology in accounting?
The computers of persons in a given building or department are frequently connected in a Local Area Network (LAN). These persons are able to then access simultaneously the programs and databases stored in the LAN and can communicate with all other persons in the LAN through email. A more advanced kind of computer network is called Client/Server Computing. In this structure any computer in the network can be used to update the information stored elsewhere in the network. For instance accounting information stored in one computer could be updated by authorized persons from a number of other computers in the system. The use of networks is designed to get better efficiency and to reduce software and hardware costs.
Purchased trucks and office equipment for cash Metro paid USD 20000 cash on behalf of two used delivery trucks and USD 1500 for office equipment. Office equipment and Trucks ar
Solve accounting income statement question in single step with given details.. The following are information for the Lotu Wo Company: Net Sales 5
a physical inventory on december 31 shows 2,000 units on hand. holliday sells the units for $12 each. the company has an effective tax rate of 20%. holliday uses the periodic inv
Secret Trails received payment in full within the credit period for horse boarding for $900 plus 6% sales tax. terms of the sale were 2/10, n/30. which entry is required to record
Obtain the relevant authoritative literature on accounting for accounts receivable using the FASB's Codification Research System at the FASB website. What is the specific citation
Determine about the Sales returns and allowances Allowance results when a buyer decides to keep defective or damaged goods though at a reduction from the original price.
Define the term - LIABILITIES Liabilities are debts owed by business. Paying cash is generally not possible or convenient, so businesses purchase services and goods on credit.
Kim presently owns a business that processes and distributes fresh vegetable to local supermarkets. She is looking to expand her business by acquiring the Lackawaxen Emu Oil Compan
what is the BRS
1. State the equity equation. 2. Which account represents the beginning equity figure? 3. In which accounts are changes to equity recorded? 4. How do drawings affect the calculati
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