How do you find the net sales when you have bad debts accounts?
Where do we record the cancelation of a check?
What is cutoff?
What should contractors be tracked as?
Utility bills should be classified as?
Dos an expense always decreases net worth, even when it has not yet been paid?
What is FOB?
What is debtors journal?
Do supplies fall under assets, liabilities or owners equity?
What are the disadvantages and advantage of customers buying on credit? ?
How is a post-dated check recorded in the balance sheets?
How do captial expenditures affect the balance sheet?
What is revenue? Does revenue mean you deduct all your expenses, and out of that net profit is your revenue?
How do you post the debt allowance in the income statement?
Where do you get the information you need to draw up the trial balance?
Is monthly rent payment for office space a current liability?
What is the purpose of cost accounting?
Is it necessary to prepare a bank reconciliation statements?
I bought an incorporated business for 30K. It was a share purchase. How do I record payments to myself to recover my 30K?
What do they mean by non-taxable?
Where does a photocopier purchased on credit get recorded, and which accounts are affected when it is paid off?
What does it mean a dollar today is worth more than a dollar tomorrow ?
When given 2 bank reconciliation statements, how do I know whether the first bank rec. has an overdraft or not.? (no amount given for bal. except the opening for the following months bank rec.)?
How do I make my own job card?
How do I calculate Contribution Margin per Unit?