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What happens to the accounting equation when Issued common stock for cash?
Wiki User
∙ 12y ago
Assets and equity go up.
Wiki User
∙ 12y ago
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Is common shares considered as a current liability?
Outstanding stock is an "owner's equity" account. It's on the same side of the accounting equation as liabilities, but it is not a liability.
What are the most common accounting standards?
The most common accounting standards are the ones that one can find in the Generally Accepted Accounting Principles (GAAP), those are a group of accounting standards very common and widely accepted.
What is the major problem in cost accounting?
The major problem in cost accounting is allocation of common and joint costs to individual products.
What are the accounting journal entries for the redemption of common stock?
Debit common stockCredit redemption of common stock account
What are some common examples of computerized accounting systems?
Quickbooks and Peachtree are probably the most common.
Is common shares considered as a current liability?
Outstanding stock is an "owner's equity" account. It's on the same side of the accounting equation as liabilities, but it is not a liability.
What are the most common accounting standards?
The most common accounting standards are the ones that one can find in the Generally Accepted Accounting Principles (GAAP), those are a group of accounting standards very common and widely accepted.
Types of accounting information systems?
There are so many different types of accounting information systems. Some of the common ones include project accounting, forensic accounting, tax accounting, management accounting and so much more.
A common set of accounting standards and procedures are called?
GAAP - Generally Accepted Accounting Principles
What are the accounting journal entries for the redemption of common stock?
Debit common stockCredit redemption of common stock account
What is the major problem in cost accounting?
The major problem in cost accounting is allocation of common and joint costs to individual products.
Where can the application of accounting software be found?
The most common application of accounting software is in business. Particularly in invoice management, payroll tracking and receivable and payable accounting and general ledgers.
What do I have to do to get an accounting certification?
The most common way to obtain an accounting certification is to get a higher learning degree in accounting. A Bachelor's degree would go a long way in helping with certification.
What are some common examples of computerized accounting systems?
Quickbooks and Peachtree are probably the most common.
Is the overall equation for photosynthesis?
The general and common chemical equation for photosynthesis that uses CO2 and light energy is: 6CO2 + 6H2O yeilds C6H12O6 + 6O2.
What are the accounting journal entries to record common stock redemption?
Debit common stockCredit redemption of common stock account
What are the accounting entries for warrants issued?
Unsure what it is that is being asked for. Both the issuing court AND the law enforcement agency applying for a warrant, keep track of warrants by internal bookkeeping methods that account for each warrant applied for, issued, and served.
