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Q: Even if controls are in place most companies need how many signatures for checks over a certain dollar amount?
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Continue Learning about Accounting

Are computers fixed assets?

It depends on your capitalization policy. Many companies will not capitalize an item under a certain dollar amount. So, if a minimum amount is set at $500 and you purchase a $450 computer, it would become an expense. If you purchase a $600 computer, it would be a fixed asset.


What is pledge payable?

This question actually caught my attention. The term payable is something a company "owes" but has not yet paid. Pledge, I am gathering, would be literally a "pledge" to pay a certain amount to perhaps a Charity or some other cause.Many Charities have "Pledge" drives to raise money and occasionally companies make "Pledges" to donate a certain amount. If they record this in their books as a payable, it's safe to assume that they "PROMISE" or "PLEDGE" to donate this amount and are recording it in their books as a Payable.


What does it mean when a company writes off a debt?

A write off is a reduction in the value of an asset or earnings by the amount of an expense or loss. Companies are able to write off certain expenses that are required to run the business or have been incurred in the operation of the business.


Is there a certain amount of money required to keep the account open?

Most banks require a certain amount to open, and possibly to maintain, but one should check with their bank for specific requirements.


Do you have to make a certain amount of money to even claim it on taxes?

No. Everyone is free to file a tax return regardless of income. People who make more than a certain amount are required to file.

Related questions

How many signatures are required for over checks over a certain amount for most companies?

2


How many signatures are needed For a company checks over a certain dollar amount?

That depends on the company rules.


What do you call an agreement made between different companies to charge the same amount amount for products?

An agreement between different companies to charge the same amount for a product or service is known as "price-fixing" whereby rival companies agree not to sell goods below a certain price.


What do you call an agreement made between different companies to the same amount for product?

An agreement between different companies to charge the same amount for a product or service is known as "price-fixing" whereby rival companies agree not to sell goods below a certain price.


What tax credits do companies get for hiring minorities?

They get paid to hire minorities!The government gives them a set amount of money for each hired after a certain amount of time.


What structure controls the amount of light that gets in the eye?

Iris controls the amount of light entering into the eye.


What are the kinds of time signatures?

There are no certain amount of time signatures, but the most common time signature is 4/4. There are other common time signatures such as 3/4, 2/2, 6/8, and 2/4, but basically any number can be used as the top number. There are songs in 5/4, 7/4, 11/4, 15/8 etc....


What Controls the amount of light entering the microscope adjust what part?

the diaphragm controls the amount of light entering the microscope


Can you adjust the rocker arms on a 1997 jeep Cherokee Inline 6-cylinder?

No, they are torqued to a specific amount and the lifter controls lash.No, they are torqued to a specific amount and the lifter controls lash.


What lens function controls the amount of light that will exit the lens and expose the sensor?

SHUTTER in Camera controls the amount and time of light that the Sensor will exposed to.


What controls the amount of light reaching the retina?

the iris controls the amount of light by limiting the volume of light admitted through the iris.


What is the protein that controls the amount of sugar in the blood?

glucose