Ramon Ginuo collects financial evidences such as official receipts, bills, promissory notes, and many other because he is in-charged of recording and analysing all the business transactions so that he can make comprehensive and accurate financial reports. 2. Lester Matapang is a hired accounting staff of BIC S

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Task 3.

Steps in answering task.

A. Analyze each business scenarios

B. Identify the right branch of private accounting being illustrated in each number

C. Justify your answer by providing a shot explanation of the services of your chosen branch.

1. Ramon Ginuo collects financial evidences such as official receipts, bills, promissory notes, and many other because he is in-charged of recording and analysing all the business transactions so that he can make comprehensive and accurate financial reports.

2. Lester Matapang is a hired accounting staff of BIC Supermall. The mall has five branches within the Philippines. One of his job description is to evaluate each branch if they are complying with the collection and deposit policy of the company.

3. Domingo Galang is a veteran employee of XYZ company. He is expert when it comes to preparation of the over-all plan by evaluating the cost of services and the types of company operations earning the most profits.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Basic Accounting Terms
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education