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The amount of money a business has to spend on accounting determines the number of ledgers used in an accounting system?
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What is an accounting cost?
An accounting cost is the total amount of money or goods expended in an endeavour, usually logged in journal entries and ledgers.
Accounting Service?
form_title=Accounting Services form_header=Start taking account of your business and saving money with professional accounting services. What type of accounting services does your business need?= [] Tax Preperation [] Audit [] Bookkeeping [] Certified Public Accountant (CPA) [] Other What is your company's annual revenue? (Please enter amount)=_ Briefly describe what your company does:=""
Entity concept in accounting?
Entity concept of accounting tells that company and owners of company are two separate things so any amount owner invested in business is refundable by business to it's owners and that's why that investment is liability for business towards its owners.
A business paid 7000 to a creditor in payment of an amount owed. The effect of the transaction on the accounting equation was to?
decrease in asset and decrease in liability
A business paid 9000 to a creditor in payment of an amount owed The effect of the transaction on the accounting equation was to?
increase an asset, increase a liability
How much does a bussinnes owner makes?
A business owner makes a varying amount of money. Some businesses are more profitable than others. The owner will be paid an amount he or she determines the business can afford after all other expenses are paid.
Due from customer in accounting is it asset or liabilities?
Due from customer is asset for business as it is due to sale of goods to customer and if customer already paid the amount then that amount would be included in balance sheet.
What determines which plants to grow?
The amount of precipitation determines which plants to grow where.
Which application software packages are the most important for a business?
The financial transactions are most important for any business and so to have good control over finance, one must know the financial standing of the company, namely, income, expenditure, surplus generated, cash on hand and in bank, amount payable to creditors, amount receivable from debtors etc, ON DAY-TO-DAY BASIS the business must have an accounting package like TALLY ACCOUNTING PACKAGE
Accounting past questions?
amount
What determines the amount of voltage produced by a voltaic cell?
what determines the amount of voltage produced by a voltaic cell?
Doctrine of capital maintenace?
According to the doctrine, capital maintenance can be considered accomplished if the amount of capital a business has at the end of an accounting period is the same as the start of the period. Any excess amount of capital is treated a profit.
