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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: Plane CC was registered on 1 August 2015. The founding statement of the Close Corporation (CC) sets…

A: The main purpose of preparing an appropriation account in the partnership firm is to determine how…

Q: Where do you post the reversing entries in the old (general) ledger or in a new ledger?

A: The reversing entries are made at the beginning of the period to cancel the adjustment entries that…

Q: Give a detailed description of and explanation of the closure procedure and closing entries.

A: Entries are being closed.Closing entries are entries made after an accounting period. Process of…

Q: Define closing entries and their purpose.

A: Closing Entries: Closing entries are those journal entries which are passed to transfer the balances…

Q: post journal entries to t account

A: T-Account: A key teaching tool in double entry accounting is the T account, which shows how one side…

Q: Explain open accounts and notes.

A: Open account: It is a sale transaction in which the goods are shipped and delivered before payment…

Q: Student ID Day 63638034 Monday 23957096 Thursday 28080825 Monday Exam Score 61 70 1. How many…

A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

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: Define roadshow

A: Roadshow: Roadshow is a sequence of conferences across diverse towns in which topmost managers from…

Q: Post to the ledger accounts.

A: The process of recording business transactions in the books of accounts for the first time is…

Q: A corporate bood matures an 15 years. The bood has an 2 $1,175 What is the yield to call for this…

A: Here,ParticularsValuesFace value of the bond  $1,000.00Time to maturity15.00Coupon rate7.00%Time to…

Q: Journalize any required entries from the records for Kirk's hardware

A: Any transaction that is present in the bank statement but not in the cash book, and any error that…

Q: Explain an example of post the journal entries to the T-accounts.

A: Journal entry: It is a set of economic events that can be measured in monetary terms. These are…

Q: Differentiate between a purchase requisition and a purchase order.

A: Difference between purchase requisition and purchase order The difference between the purchase…

Q: Define purchases Journal.

A: Journal: Journal is the book of original entry. Journal consists of the day-to-day financial…

Q: Write out the journal entry that is created once an entry is made in Invoice Window.

A: Invoice: It implies to a document of commercial nature that has details related to what reflects on…

Q: Describe the purpose of caash receipts journal.

A: The cash receipts journal is a special section of the general journal specifically used to record…

Q: How to make a proper T chart?

A: The left side of any account is debit and the right side of any account is credit side.

Q: Identify and describe the different billing schemes.

A: Billing schemes are those techniques in which fraudulent invoices are submitted for fictitious goods…

Q: The following additional information was made available before the year-end closing: 1. Inventory as…

A: Journal entries are recording of the transaction in the accounting journal in a chronological order.…

Q: Explain certificate of deposit (CD).

A: Money Market Instruments are short term financial instruments which helps in increasing financial…

Q: journal entrie for website expenses

A: To record a website expense the journal entry would include a debit to website expense and credit to…

Q: In Tally, Vouchers serve as a medium to record an entry of any transaction or event and it’s posting…

A: Voucher A voucher is a document that contains details of a monetary dealings and is needed for…

Q: where in quickbooks will i enter it

A: In the Quickbooks, entry as per solution has to be done but the process of recording is as below:

Q: journal entries u

A: Prepaid Expense-:A Prepaid Expense is a variety of assets for the firm which is presented on the…

Q: How do i adjust entries for a merchanting buisness

A: Adjusting entries are the journal entries passed at the end of the financial year to close all the…

Q: prepare journal enteries

A: Income tax is defined as the payment obligation of the taxpayer earning income for each year. It is…