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tie out

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Q: How do you tie out an account for accounting?
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Is bank account a real account in accounting?

No bank account is a Personal account in Accounting


Income statement tie into the accounting equation?

Yes


Services rendered in accounting is what account?

revenue account


What is accounting staff?

An accounting staff is a staff made up of accountants. An accounting staff can have many duties, such as financial advisement, account maintenance, and account management.


What is a chart of account in accounting?

It does not exist


What is the basic summary device of accounting?

account or accounting equation


What is office maintenance in accounting?

What entry can we post to Office Maintenance Account in accounting


What accounting concept or principle provide guidance related to separate personal account with business account?

the accounting concept that separate the personal account from the business account is business separate entity concept


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What entry can we post to Office Maintenance Account in accounting


What type of account would be personal in Accounting?

Any entity which can be represented by name of an individual or entity is known as personal account in accounting parlance.


How do you record drawings in accounting?

Drawings in accounting are recorded as a double entry in the cash book. This is a credit to the bank account and a debit to the cash account.


Accounting and its functional objectives?

There are many objectives to accounting. A systematic accounting system will should have the following objectives: to maintain cash account balances, to detect fraud, and maintain ledger account balances.