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Things has been done by me
Checking of General Journal (GJ) checklist of Standard Fireworks (P) Ltd, Rajaratnam Fireworks Industries.
Vouching of Petty Cash payment of Depots of Standard Fireworks (P) Ltd.,
Coordination and Preparation of all Depot Profitability of Sivakasi Fireworks Agency
Checking and analyzing the travelling statements
Preparation of Tax deducted at source statement (persons whose income exceeds the exemption limit)
Checking and matching the records between the factory register and computer
Some other routine work which have been done then and there.
What else can I help you with?
Which of the following items on a bank reconciliation would require an adjusting entry on the company's books?
After a bank reconciliation is prepared, prepare an adjusting journal entry on the company's books for all items that were recorded by the bank, but not recorded in the books. These usually include:Corrections made by the bankBank feesInterest income recorded by the bankInsufficient fund (NSF) checksElectronic Fund Transfer (EFT) deposits made to the bank account, but not recorded in the books.
Which items found on a bank reconciliation doesn't require an adjusting entry?
Balance doesn't require an adjusting entry.
What is the theory of double entry book-keeping?
This theory insists that items or actions relating to a business must be recorded equally as a debit and credit items. For example if a company sells a product for cash, there must be an entry for both sales and cash in their respective T - Accounts. The concept of increasing 'like with like' is used to accurately determine whether items are logged as credit or debit items. Using the same example, as sales is a credit item, the sale of the product is recorded in the credit section as there was an increase in sales, whilst as cash is a debit item, it's logged under the debit section as there was an increase in cash. However, if a company purchases a product for cash, the purchase is logged in the debit section of that T-Account as it an increase in purchases, although the cash is logged in the credit section as there was a 'decrease in cash'. By following this theory, the concluding Trial Balance will reflect the accuracy of the entries as both the Debit and Credit section should total to the same amount.
Why loss is debit?
In the double-entry bookkeeping system, Income items are credits and Expense items are debits. Therefore, if you have a loss, your expenses are more than your income resulting in a debit balance. A loss, of course, reduces the book value of the company, reflected in the Equity section of the Balance Sheet. Equity normally has a credit balance. So, to reduce Equity, a debit entry reflecting the loss must be made.
What is the accounting journal entry for unrecorded inventory?
Unrecorded inventory may be conceived as theft. To avoid this, you can record this entry in your accounting journal under some of these examples; items scrapped, moved items, or goods sold from stock.
What is entry criteria?
Entry criteria gives the items that have to be completed before testing can start. The definition of entry criteria is states of being that must be present before an effort can start successfully.
Which of the following items on a bank reconciliation would require an adjusting entry on the company's books?
After a bank reconciliation is prepared, prepare an adjusting journal entry on the company's books for all items that were recorded by the bank, but not recorded in the books. These usually include:Corrections made by the bankBank feesInterest income recorded by the bankInsufficient fund (NSF) checksElectronic Fund Transfer (EFT) deposits made to the bank account, but not recorded in the books.
What items on a bank reconciliation would require an adjusting entry on the companys books?
Examples of items on a bank reconciliation that would require an adjusting entry on the company's books include bank fees, NSF checks, interest income, deposits in transit, and outstanding checks. These items may not have been recorded in the company's books at the time of the reconciliation, so adjusting entries are needed to bring the books into agreement with the bank statement.
Which items found on a bank reconciliation doesn't require an adjusting entry?
Balance doesn't require an adjusting entry.
Are non stock materials items in which no quantities are recorded in the material master?
Non-stock materials are items in which no quantities are recorded in the material master.
What is A list of items to be completed verified or remembered is called a?
Checklist
What is the theory of double entry book-keeping?
This theory insists that items or actions relating to a business must be recorded equally as a debit and credit items. For example if a company sells a product for cash, there must be an entry for both sales and cash in their respective T - Accounts. The concept of increasing 'like with like' is used to accurately determine whether items are logged as credit or debit items. Using the same example, as sales is a credit item, the sale of the product is recorded in the credit section as there was an increase in sales, whilst as cash is a debit item, it's logged under the debit section as there was an increase in cash. However, if a company purchases a product for cash, the purchase is logged in the debit section of that T-Account as it an increase in purchases, although the cash is logged in the credit section as there was a 'decrease in cash'. By following this theory, the concluding Trial Balance will reflect the accuracy of the entries as both the Debit and Credit section should total to the same amount.
Why loss is debit?
In the double-entry bookkeeping system, Income items are credits and Expense items are debits. Therefore, if you have a loss, your expenses are more than your income resulting in a debit balance. A loss, of course, reduces the book value of the company, reflected in the Equity section of the Balance Sheet. Equity normally has a credit balance. So, to reduce Equity, a debit entry reflecting the loss must be made.
What is the accounting journal entry for unrecorded inventory?
Unrecorded inventory may be conceived as theft. To avoid this, you can record this entry in your accounting journal under some of these examples; items scrapped, moved items, or goods sold from stock.
What are the value of hockey bobbleheads?
According to ebay completed items anywhere from $30 - $50 for the set.
When is Sprint execution completed?
When all committed Product Backlog Items meet their definition of "done"
All what bank reconciliation items would result in an adjusting entry on the companys books except?
People will not be able to know which of the following bank reconciliation items would not result in an adjusting entry without knowing what the following reconciliation is. This information should be included.
