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Q. What are Accounting software packages?
Accounting software packages are normally menu driven and organized into modules such as accounts payable, general ledger, accounts receivable, invoicing, inventory, payroll, fixed assets, job cost and purchase order. For example general journal entries are made in the general ledger module and this module contains all of the company's accounts. The accounts payable module records every transaction involving credit purchases from suppliers and payments made to those suppliers. The accounts receivable module records every sale on credit to various customers and amounts received from customers.
The major difference in the statement of retained earnings between a service business and a Merchandising business is A. that the retained earnings statement of a merchandisi
Richard Hamilton has a fast - food franchise and must pay a franchise fee of $35000 plus 3% of gross sales. In terms of cost behavior, the total cost is a: a) variable cost b
What time is it?
Determine the symbols of Net Sales for the Period - Cost of Goods Sold = Gross Profit - Operating Expenses + Other Income - Other Expenses =
owner invested 80000 cash and 2000 office equpmeent in to the business bank account
Rondo plc, a sports apparel manufacturer with a cost of capital of 13.75%, is looking to expand its activity and is considering two possible countries to open a sales subsidiary. R
Uses of Funds Flow Statement : This declaration is extremely helpful for policy makers as it traces the movement of funds inside the organization. Various of the uses include
Income Statements and Balance Sheets Case study A brief outline of the firm and its industry is given, as well as a few tips for your attention. You are given three years
Q. Define an accounting system? Effects from a recent survey of 1400 chief financial officers (CFOs) indicate that tomorrow's accounting professionals will be called upon to br
Q. Example of Income statement of a merchandising firm? To recapitulate the more important relationships in the income statement of a merchandising firm in equation form -
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