0
What transactions in accounting might not require reversing entries
Irma Kerluke
Add your answer:
Earn +20 pts
If your organization does not allow you to approve your own transactions how might transactions become approved?
Autoapproval during order and transaction matching
How might transactions become approved if your organization does not allow you to approve your own transactions?
Autoapproval during order and transaction matching
Accounting transactions from source documents are recorded in what?
The term you might be looking for is the "journal".
Accounting journal entries?
I am assuming this question is asking what Accounting journal entries are? Each of a firm's transactions are recorded in journals. Each major transaction is recorded in the General Journal, where various repetitive transactions are recorded in special journals, with the totals translated into the General Journal later. These journal entries are the basis for the General Ledger, the Trial Balance, and the Financial Statements. There are two components to any journal entry: Debits and Credits. Whenever you debit accounts in your journal entry, you must credit other accounts for an equal amount. Your total debits should always equal total credits. As an example, these are what the journal entries for the sale of inventory to a customer might look like. Part 1 - The Inventory was sold to an outside customer for $100. Debit: Cash $100 Credit: Revenue $100 Part 2 - The Cost of the Inventory credited to the books Debit: Cost of Goods Sold $75 Credit: Merchandise Inventory $75
What asset and liability accounts might the AAA use to record its transactions?
Assets = Cash, Accounts Receivable, Supplies, etc. Liability =
What transactions might not require reversing entries?
What transactions in accounting might not require reversing entries
If your organization does not allow you to approve your own transactions how might transactions become approved?
Autoapproval during order and transaction matching
How might transactions become approved if your organization does not allow you to approve your own transactions?
Autoapproval during order and transaction matching
Us bank If your organization does not allow you to approve your own transactions how might transactions become approved?
Autoapproval when I approve my statement
If your organization does not allow you to approve your own transactions how might transactions become approved us bank?
Autoapproval when I approve my statement
Is Electronic Funds Transfer require a deposit slip?
No. Electronic Funds Transfer does not require a deposit slip. All electronic transactions are initiated through the banks website and is completed in a paperless fashion. The bank might print out daily or monthly transaction lists but for a single transaction, no paper slips are required.
Accounting transactions from source documents are recorded in what?
The term you might be looking for is the "journal".
Accounting journal entries?
I am assuming this question is asking what Accounting journal entries are? Each of a firm's transactions are recorded in journals. Each major transaction is recorded in the General Journal, where various repetitive transactions are recorded in special journals, with the totals translated into the General Journal later. These journal entries are the basis for the General Ledger, the Trial Balance, and the Financial Statements. There are two components to any journal entry: Debits and Credits. Whenever you debit accounts in your journal entry, you must credit other accounts for an equal amount. Your total debits should always equal total credits. As an example, these are what the journal entries for the sale of inventory to a customer might look like. Part 1 - The Inventory was sold to an outside customer for $100. Debit: Cash $100 Credit: Revenue $100 Part 2 - The Cost of the Inventory credited to the books Debit: Cost of Goods Sold $75 Credit: Merchandise Inventory $75
Is Nelson still in Falling In Reverse?
There is no one named Nelson in Falling In Reverse. But you might have gotten his name wrong. His name is Nason, that's probably who you're talking about. If so, I don't know the exact answer to this. I know Nason has another band: MeMyselfAlive (I think that's it). So he might or might not be in Falling In Reverse.
Do earaches require antibiotics?
No. They require investigation by a doctor who might then prescribe antibiotics if appropriate.
Why might record keeping and writing emerge as civilizations developed?
So merchants could keep track of transactions
What type of upgrade if any might the workstation require to make your solution work?
What type of upgrades might the workstation require to make your solution work
