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Ted used a 150 check to pay for some books. Where in his checkbook register should he write this amount?
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What does it mean when an account is long outstanding difficult to collect the amount or it should be internally adjusted?
The account is considered an uncollectible account. The account must be adjusted so that the business can balance its books.
The difference between the amount of cash on the firm's books and the amount credited to it by the bank is?
The amount of cash liquidates possessed by a firm are its assets. The amount of credit lines extended to (and available) by a firm are considered liabilities.
What is a trade discount?
Trade discount is the discount that is deducted from the source and then the actual amount is shown. The trade discounts are not shown in the books of accounts. Only the cash discount is shown in the books of accounts but the trade discount will be deducted from the actual and the net amount will be considered.
How do you prove cash in accounting?
to prove cash you look at the amount of money you have and accounting books. if the value is equal then you have proved cash
What is the journal entry to adjust stock after a physical stock take?
stock should be debited if shown less in books and stock should be credited if shown more in books of accounts.
Differences between statutory books and non-statutory books?
statutory book Requires under the Companies Act 1956, the company must keep and maintain the statutory books of the registered company. which it includes any register or other record of information and any accounts or accounting records, and any document however complied, recorded or stored. The director and secretaries are responsible in ensuring that requirements of the Act in relation to the statutory books are complied with and take all proper steps to prevent falsification of the books. The company must provide facilities for inspection of the register. The statutory books of the company are: · The Register of Members (Section 158) · The Register of Director, Managers and Secretaries (Section 141) · The Register of Debenture Holders (Section 70) · The Register of Substantial Shareholders (Section 69L) - for public companies only · The Register if Directors' Shareholding, Debenture and Interests (Section 134) · The Register of Charges (Section 156) · Minutes books (Section 56) · Books of accounts (Section 167) non-statutory book non-statutory books which books are usually maintained by companies like: · Register of Transfers · Register of Allotment and Application of Shares · Register of Documents Sealed/ Seal Book · Register of Important Documents (Licenses, certificate, leases etc.)
What should a normal bookbag weight?
IT SHOULD WEIGH FROM FIVE TO NINE PUONDS DEPENDING ON THE AMOUNT OF BOOKS
How do you write a letter for surrender the cheque books to manager?
you don't, when you surrender the checkbook get a receipt, otherwise if you mail it, do it registered with receipt and do it easy: quote Name, address, date to ..... Bank Address Att: ......Manager re: Surrender Checkbook Account # Dear ladies and gentlemen; Please find enclosed the checkbooks for account #...... Kind regards ...... enclosed: checkbook checks number ...... to ...... for account # unquote Please find enclosed
Where can one get a new check book?
You can order a new checkbook through your bank's online banking platform, by visiting a local branch, or by calling your bank's customer service hotline. Typically, there may be a fee associated with ordering a new checkbook.
Can you use Amazon gift card to download Kindle books?
Yes and no. Some books in the Kindle library are free, but a credit card is mandatory to register the Kindle. Its like a precaution, to ensure that clients cannot steal books from the Kindle store.
Is it necessary to register a publishing firm in India before publishing books?
nope
How do you use the liblary?
Library? You just go in and register then you can take out books, films etc.
Do high school students have to read a certain amount of books?
In school you don't have to read a certain amount of books, but its good to read books to help with studies of subjects.
How do you study advanced java?
You can register in a regular course, register in an online course, read printed books (and practice a lot!), or read online tutorials (and practice a lot).
Do the volume books of the morganville vampires have the same amount of pages as the regular books do in the series. I have the Volume 1 and 2 and 3 and they each have two books in them?
This goes with the top, you can only put so much in a question. But I've looked around and they say that the books have certain amount of pages in each book. Well my question is, do the books I have, have the same amount a the single books do, or are there pages missing????
Why should we have a library?
Libraries are a hub of information. It supplies a vast amount of written and digital knowledge. Many have access to the internet, historical records, and books.
What entry is required in the company's accounts to record outstanding checks?
If the accounting cash account records have been kept correctly, no journal entry should be necessary for outstanding checks. They are already reflected in the book cash balance.ANY check written against a company's bank account (whether they are outstanding or not at any given date) should be recorded in the accounting records when the check is first issued, NOT when it clears the bank. If that has been done, then the "book" cash balance (not the bank balance) isthe correct cash balance, and no adjustment need be made to the books.If you are an accountant recording checks written on a client's bank account after the fact (for example, when the client keeps only manual records), use the client's check register to record payments, and find out from the client what happened to checks that are missing from the checkbook where no entry was has been made on the checkbook stub, so that you are sure that all payments have been accounted for in the correct period.Normally, when a cash account is reconciled against the bank statement, the only journal entries on the books should be for:1)Items on the bank statement that have not been recorded on the books (for example, expense for bank or credit card processing fees, or interest revenues)2)Company checks that were properly issued but never recorded on the accounting system, or which were recorded AT THE WRONG amount and cashed for the correct amount.3) Online debit or credit card payments made by the company that have not been recorded as expense in the books.Corrections should be made only for those items where the bank is right and the books are wrong.A bank reconciliation is the way to determine the checks that are still outstanding at the date of the bank statement.
