COA needs to journalize the appropriation and allotment released by DBM. * true or false?

Q: ‘Namespaces must be declared at the beginning of an XBRL document’. Explain what is meant by this…

A: XBRL are standards managed by global not for profit consortium known as XBRL international. These…

Q: he adjustment data on January 31, 2020 nclude: . Supplies on Hand . Rent Expired . Depreciation,…

A: The adjustment entries are prepared at year end to adjust the revenue and expenses of the current…

Q: What does the process of providing this information to external users is called? Describe about it…

A: Financial Reporting System:   It refers to monitoring the financial resources of an organization as…

Q: Why is a source document important? List some examples of source documents.

A: Source documents refers to the documents pertaining to a business transaction. It captures the key…

Q: The document which sets out basic rules for how a compay is to run?

A: Every company operating as a limited liabilities corporation, partnership firm, or public company…

Q: What is a proxy statement? What information does it provide?

A: Definition:   Proxy statement: Proxy statement is a statement required for seeking shareholders’…

Q: E4-12 Max Weinberg Company discovered the following errors made in January 2010. 1. A payment of…

A: Rectification Rectification is correcting the errors that are made in recording or posting the…

Q: After a receipt is uploaded into QBO, the user will need to ______ the data and ensure the receipt…

A: Quickbooks is very popular accounting software that is used for accounting and recording…

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

A: Internal users are those users which are internal to the organisation and External users are those…

Q: Explain an example of source documents.

A: Source documents: The documents which contain evidence of accounting data to record the transactions…

Q: Shipping orders processed Total overhead 168,000 $1,295,000 50 Required: . How much overhead will be…

A: The overhead is assigned to the production on the basis of a pre-determined overhead rate. The…

Q: Explain how changesin activity affect c ontributionm argin and net operatingincome.

A: Contribution Margin is the amount of margin from sales revenue after deducting variable expenses.…

Q: What are reverse journal entries? Are these required by GAAP?

A: Reversing entries are journal entries made at the beginning of an accounting period to reverse or…

Q: How can forwardrates be used for hedging purposes?

A: SOLUTION:- Risk management is the main stimulus for forward contracts. Forward contract is a…

Q: Can a turnaround document contain information that is subsequently used as a source document? Why or…

A:

Q: Company X is due to repay £100m of debt at the end of next year and its assets are currently worth…

A: Project Cost = 100m The project will fetch 150m or 0 with equal probability. In order to evaluate…

Q: How is the access control list approach different from RBAC?

A:

Q: What are some true statements regarding the use of a worksheet?

A: There are multiple statements regarding the use of worksheet which is true, we are indicating some…

Q: Document flowcharts

A: Document flow charts are categorized under system flow charts.

Q: What documents constitute the AP packet? Whatevidence does each document provide?

A: An organization should record a liability in its books of accounts based on the invoice amount after…

Q: Is it a turnaround document contain information that subsequently used as a source    document?…

A:

Q: Frequency 40 35 30 25 20 38 34 15 24 10 21 18 14 12 5 10 6. 0 -20 21-30 31- 40 41- 50 51– 60 61 – 70…

A: Chart Analysis: Technical analysis, on the other hand, is based on the observation and analysis of…

Q: What information is required in a proxy statement?

A: A proxy statement is a document containing the information the Securities and Exchange Commission…