Can someone explain to me how to make a T account?

Q: Use EMBG's adjusted trial balance to prepare EMBG's balance sheet for the current year-end. EMBG…

A: Definition: Balance sheet: To Know the financial position of the business balance sheet is prepared.…

Q: Your first checking account should be opened between:

A: A checking account also known as transaction account or demand accounts, is a checking account,…

Q: Can you help me with the adjust ledger sheet?

A: Ledgers - After recording transactions in the journal next step is to transfer them into ledgers.…

Q: How do companies account for gift cards?

A: Gift Cards Gift cards are one form of advance collection of revenues.

Q: do we need to check   the credit worthiness of credit customers before granting their credit…

A: Giving credit to the business and customers is main earning sources for banks but they need to take…

Q: Billed customers for delivery services rendered what would be debited?

A: Billing to Customers - When company provide service to customer either in cash or on account both…

Q: What are Check Digits?

A: CHECK DIGITS  A check digit is a form of control input that is used to detect mistakes that happen…

Q: What is a credit memo? Why it is used? Give an example?

A: Credit Memorandum: This is a document by the seller for the reduction in the amount owed by the…

Q: Discuss any two features of digicash that fulfill the requirements of the electronic payment system.

A: Electronic payment system is the system which has been established within the system of the money…

Q: what are vostro account and nostro account? What are the four types of cover reimburse  methods in…

A: What are Vostro Account and Nostro Account

Q: Define prepaid accounts? Give example?

A: Prepaid account: It is an account which records the prepayment transactions. From the buyer’s point…

Q: Briefly described the differences between a credit, charger , debit & smart card

A: Credit card is the types of plastic cards which are generally issued by the banks for purchasing…

Q: Sylvan Systems only uses Advo for marketing and advertising. How can Sylvan speed up its payment…

A: The need to speed up payment entries arises when a company has frequent transactions with a…

Q: Compare secured and unsecured credit in your own words. Cite an example for each. You may place your…

A: Credit refers to the amount of money given by the lender to the borrower in return for which the…

Q: I need help with my account

A: what is mean about the question ?Can you upload the question again .thanks ):-

Q: What is Remittances, use information in the text to support your claim.

A: Remittances derives from the word remit which means " to send back " . It is a sum of money sent by…

Q: Identify the following users as either an internal (I) or an external (E) user. Creditor

A:

Q: what is accounts payable?

A: Liabilities: The claims creditors have over assets or resources of a company are referred to as…

Q: how to understand the characteristics of letter of credit

A: A letter or document issued by the bank in order to give guarantee payment to the seller is referred…

Q: credit

A: Credit card can be defined as a payment card where line of credit is provided to the customers. With…

Q: What should be in the credit file

A: Following is the contains in credit file

Q: Where i can used credit union

A: Whenever a group of people collect deposits and use those deposits to give loans, it is known as…

Q: What is open-end credit and give and example

A: Open-end credit is a type of loan which is approved between the borrower and the financial…

Q: Which of the following types of transactions can be uploaded into QBO using the Receipt action.…

A: QBO : It stands for QuickBook Online, an online platform for recording the business transactions.…

Q: Please elaborate, what this statement means – “Debit the Receiver, Credit the Giver”.

A: For personal accounts, the golden rule is to debit the recipient and credit the donor. The receiver,…

Q: Hello, I am a bit stuck about the topic of T accounts for Debits and Credits. Could you maybe…

A: The account is a summary showing the detail of the transaction that took place. The account is a…

Q: am a little confused by the account names you have writen for the journal entries. Could you explain…

A: Journal Entry - This is basically a primary books in which business transactions are recorded, every…

Q: steps in posting from asales journal to an accounts receivable ledger

A: Sales Journal: A journal is a book of original entry where all journal entries are recorded on the…

Q: ow to record credit sale in an entrie?

A: Credit sales mean the amount which is delayed to paid but agreed to pay in future by the consumer.

Q: If you offer gift cards to clients, when should you record your revenue

A: According to the revenue recognition policy, the timing of recording income in the books must be…

Q: in qyuickbooks Which steps should be followed to set up the different types of payments accepted…

A: Payments Accepted means- Any Payment which will be receivable from the customer on any credit sales…

Q: need help with T account balance. How do you total T accounts?

A: T- account is defined as the set of the financial records which uses the double entry bookkeeping…

Q: 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for…

A:

Q: how is credit check in advance technology is different from credit check in basic technology

A:

Q: What can you do to ensure that all payments are accurately coded and allocated to accounts?

A: SOLUTION- Coding in accounting is the process of assigning numbers or letters to data to create a…

Q: What is an invoice?

A:

Q: Give an explanation  - and use an example - of why we may need to convert an Account Receivable to a…

A: Accounts receivable: Accounts receivable is the amount owed by the customers to the company for the…

Q: When should companies that sell gift cards to customers report revenue?

A: The Answer

Q: How do I get my card off here?

A: Hi.   You can ask our support team for this.

Q: List three entities that with legitimate reasons could check your credit report.

A: A credit report is a detailed summary of an individual's credit history. It contains information…

Q: Why is it important to review your checking account statement? What fees might this help you avoid?

A: Answer:-  Account statement :- An account statement is a recurring list of transactions with a start…

Q: Please explain what this phrase means: "Debit the Receiver, Credit the Giver."

A: Accounts are mainly classified into 3 categories: Personal accounts Real accounts Nominal accounts…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.