accounting - WordPress.com
... Accounting is both an art and science. An art because it can be learnt by practice and not by mere listening to it like scientific rules. Every accountant is not same. Many are good and other make mistakes, like every person is not a great artist. It is science because it is based on many rules, co ...
... Accounting is both an art and science. An art because it can be learnt by practice and not by mere listening to it like scientific rules. Every accountant is not same. Many are good and other make mistakes, like every person is not a great artist. It is science because it is based on many rules, co ...
Q2) sea company had the following transactions :
... 1. ( ) Reliability of information means that the information is free of error and bias. 2. ( ) The economic entity assumption states that the economic life of a business can be divided into artificial time periods 3. ( ) The full disclosure principle requires that circumstances and events that make ...
... 1. ( ) Reliability of information means that the information is free of error and bias. 2. ( ) The economic entity assumption states that the economic life of a business can be divided into artificial time periods 3. ( ) The full disclosure principle requires that circumstances and events that make ...
English Glossary
... Draft a written, signed, and dated order from one party ordering another party, usually a bank, to pay money to a third party. (p. 704) E Earnings per share the amount of net income after federal income tax belonging to a single share of stock (p. 459) Electronic funds transfer a computerized cash p ...
... Draft a written, signed, and dated order from one party ordering another party, usually a bank, to pay money to a third party. (p. 704) E Earnings per share the amount of net income after federal income tax belonging to a single share of stock (p. 459) Electronic funds transfer a computerized cash p ...
Accounting I
... d. Prepare petty cash proof using petty cash receipts as source documents. e. Journalize an entry to replenish the petty cash fund. STANDARD 8 Students will acquire automated accounting competency or calculator proficiency if computers are not available (OPTIONAL STANDARD). Objective 1: Use spreadsh ...
... d. Prepare petty cash proof using petty cash receipts as source documents. e. Journalize an entry to replenish the petty cash fund. STANDARD 8 Students will acquire automated accounting competency or calculator proficiency if computers are not available (OPTIONAL STANDARD). Objective 1: Use spreadsh ...
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... September 30, 2002. All sales are made on credit. The company uses the gross method to record purchase/sales discounts and it maintains a perpetual inventory system. 1. Sales amounted to $2,000,000. The company offers a sales discount of 1/15, n30. The cost of the merchandise sold equalled $800,000. ...
... September 30, 2002. All sales are made on credit. The company uses the gross method to record purchase/sales discounts and it maintains a perpetual inventory system. 1. Sales amounted to $2,000,000. The company offers a sales discount of 1/15, n30. The cost of the merchandise sold equalled $800,000. ...
Accounting Theory Defined
... Approves principles-based standards, – does not issue detailed application guidelines. Addresses business ventures – not public sector, government or not-for-profit activities. ...
... Approves principles-based standards, – does not issue detailed application guidelines. Addresses business ventures – not public sector, government or not-for-profit activities. ...
PPT
... automated and gives real time information Periodic Inventory Calculate inventory at the end of the period Update COGS at the end of the period Still used, usually in smaller companies that don’t want to spend ...
... automated and gives real time information Periodic Inventory Calculate inventory at the end of the period Update COGS at the end of the period Still used, usually in smaller companies that don’t want to spend ...
رقم الطالب في كشف الحضور:....... دراسات محاسبية باللغة الإنجليزية عدد
... 5. Goods out on consignment should be included in the inventory of the consignor. 6. The specific identification method of costing inventories tracks the actual physical flow of the goods available for sale. 7. Management may choose any inventory costing method it desires as long as the cost flow as ...
... 5. Goods out on consignment should be included in the inventory of the consignor. 6. The specific identification method of costing inventories tracks the actual physical flow of the goods available for sale. 7. Management may choose any inventory costing method it desires as long as the cost flow as ...
Glosarry of Business Terms
... Accounts receivable ‐‐ amounts owed to the company by its customers. Accrual basis, system, or method ‐‐ an accounting system that records revenues and expenses at the time the transaction occurs, not at the time cash changes hands. If you buy a coat and charge it, the store records or accrues the s ...
... Accounts receivable ‐‐ amounts owed to the company by its customers. Accrual basis, system, or method ‐‐ an accounting system that records revenues and expenses at the time the transaction occurs, not at the time cash changes hands. If you buy a coat and charge it, the store records or accrues the s ...
Chapter 1
... b) internal control standards as enforced by the IASB. c) internal control standards of U.S. publicly traded companies. d) U.S. tax regulations. ...
... b) internal control standards as enforced by the IASB. c) internal control standards of U.S. publicly traded companies. d) U.S. tax regulations. ...
Financial Accounting and Accounting Standards
... b) internal control standards as enforced by the IASB. c) internal control standards of U.S. publicly traded companies. d) U.S. tax regulations. ...
... b) internal control standards as enforced by the IASB. c) internal control standards of U.S. publicly traded companies. d) U.S. tax regulations. ...
Accounting I - Mr. K`s Pages
... (DUAL CREDIT = BMCC BT 111 FOR 4 CREDITS) COURSE DESCRIPTION: Provides a basic understanding of accounting and practical experience in financial record keeping for service enterprises and merchandising businesses. COURSE PREREQUISITE : Algebra I or equivalent RECOMMENDED TEXT: Century 21 Accounting, ...
... (DUAL CREDIT = BMCC BT 111 FOR 4 CREDITS) COURSE DESCRIPTION: Provides a basic understanding of accounting and practical experience in financial record keeping for service enterprises and merchandising businesses. COURSE PREREQUISITE : Algebra I or equivalent RECOMMENDED TEXT: Century 21 Accounting, ...
chapter_1-guidedoutlinestud
... a. Records economic data but does not communicate the data to users according to any specific rules b. Can be thought of as the “language of business” c. Is of no use by individuals outside of the business d. Is used only for filling out tax returns and for financial statements for various type of g ...
... a. Records economic data but does not communicate the data to users according to any specific rules b. Can be thought of as the “language of business” c. Is of no use by individuals outside of the business d. Is used only for filling out tax returns and for financial statements for various type of g ...
Financial Statements for Manufacturing Businesses
... budgeting process is a planned set of financial statements. A comprehensive budgeting system for the V. K. Gadget company, the simulated company in The Management/ Accounting Simulation, has been developed and is ready for use. Whether or not this system should be used is a decision that you would m ...
... budgeting process is a planned set of financial statements. A comprehensive budgeting system for the V. K. Gadget company, the simulated company in The Management/ Accounting Simulation, has been developed and is ready for use. Whether or not this system should be used is a decision that you would m ...
Jonathan Heller ED 605 Unit Plan PATHWAY: Financial
... receive the money. The banker should set up the money and the county clerk should set out the title cards during this 20 minutes. Transactions: The first 10 rolls will be for the month of Oct. The first roll would use the transaction date of Oct 1, the second roll, Oct 2, the third roll, Oct 3. etc. ...
... receive the money. The banker should set up the money and the county clerk should set out the title cards during this 20 minutes. Transactions: The first 10 rolls will be for the month of Oct. The first roll would use the transaction date of Oct 1, the second roll, Oct 2, the third roll, Oct 3. etc. ...
tally - gitecs
... General Ledger-Shows all transactions in each account for the current period. IV. General Ledger Trial Balance-Shows each account and its balance as of the date or period you select. V. Working Trial Balance-Use this as a worksheet to make adjustments to account balances. 2. Tracking number is used ...
... General Ledger-Shows all transactions in each account for the current period. IV. General Ledger Trial Balance-Shows each account and its balance as of the date or period you select. V. Working Trial Balance-Use this as a worksheet to make adjustments to account balances. 2. Tracking number is used ...
Weygandt_FinMan_PowerPoint_Review_Ch15
... a. Just-in-time inventory. b. Total-quality management. ...
... a. Just-in-time inventory. b. Total-quality management. ...
Lecture Syllabus Financial Assurance and
... References to various reading material will be provided as the module progresses, reflecting the dynamic and contemporary nature of this module. Handouts will also be distributed where appropriate. Students are reminded that the textbook purchased for 2FA/3FA as well as Gray & Manson (purchased for ...
... References to various reading material will be provided as the module progresses, reflecting the dynamic and contemporary nature of this module. Handouts will also be distributed where appropriate. Students are reminded that the textbook purchased for 2FA/3FA as well as Gray & Manson (purchased for ...
Chapter 16, TEST 16B
... place) for Hocking Valley Auto Supply is: (A) 2.2; (B) 3.0; (C) 4.8; (D) 5.0; (E) 5.5. _____ _____ Which of the following is not considered a general expense: (A) Utilities Expense; (B) Rent Expense; (C) Telephone Expense; (D) Office Supplies Expense; (E) Sales Salaries Expense. _____ _____ After th ...
... place) for Hocking Valley Auto Supply is: (A) 2.2; (B) 3.0; (C) 4.8; (D) 5.0; (E) 5.5. _____ _____ Which of the following is not considered a general expense: (A) Utilities Expense; (B) Rent Expense; (C) Telephone Expense; (D) Office Supplies Expense; (E) Sales Salaries Expense. _____ _____ After th ...
The purposes of accounting
... This assumption allows you to defer the recognition of some expenses to later periods (such as depreciation), when a business will presumably still be in operation. Bankruptcy values may be lower ...
... This assumption allows you to defer the recognition of some expenses to later periods (such as depreciation), when a business will presumably still be in operation. Bankruptcy values may be lower ...
PowerPoint
... • Timely revision of payroll forms to avoid overdraft, out-of-period expenses and cost transfers over 90 days • Watch for grant end dates & initiate appropriate paperwork (continuation, AAAF or close-outs) • Close AUs that have ended, are fully spent or are not needed ...
... • Timely revision of payroll forms to avoid overdraft, out-of-period expenses and cost transfers over 90 days • Watch for grant end dates & initiate appropriate paperwork (continuation, AAAF or close-outs) • Close AUs that have ended, are fully spent or are not needed ...
Chapter 11
... over its eight-year life, using the double-declining-balance method. Record the journal entry for depreciation that would be made in the third year of the equipment's useful life. (c) Write a short report to explain the merits of an accelerated depreciation method, such as double-declining-balance. ...
... over its eight-year life, using the double-declining-balance method. Record the journal entry for depreciation that would be made in the third year of the equipment's useful life. (c) Write a short report to explain the merits of an accelerated depreciation method, such as double-declining-balance. ...
THE IMPORTANCE OF ACCOUNTING INFORMATION IN CRISIS TIMES
... and results of various activities, budgeting of the internal activity, deviations of actual costs from preset costs, etc. All these information will be processed and used by company management to improve the activity and grow performance. Financial accounting is today regulated normalized and contro ...
... and results of various activities, budgeting of the internal activity, deviations of actual costs from preset costs, etc. All these information will be processed and used by company management to improve the activity and grow performance. Financial accounting is today regulated normalized and contro ...