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What are the liabilities of general endorser?
general endorser
What is the difference between general and administrative expense and overhead expense?
General and administration expenses are those expenses incurred to run day to day business activities. Overhead expenses are factory expenses incurred to run the day to day activities of running production process.
What are the five general ledger divisions for a chart of accounts in accounting?
Five general ledger divisions would be assets, liabilities, equity, revenues, and expenses.
What is the usual order of accounts in the general ledger?
Assets, Liabilities, Owner's Capital, Drawings, Revenues, and Expenses
An accounting record of the balances of all assets and liabilities and equity accounts is called a.compound entry. b. general journal. c. general ledger. d. chart of accounts?
c. General Ledger
What are the liabilities of general endorser?
general endorser
What are some general liabilities covered by Nationwide's insurance towards businesses?
There are a few general liabilities covered under Nationwide Insurance's general liability plan for businesses. This insurance will cover injury damages, lawsuits and settlements, and violation of copyright.
In Hawaii is wife responsible for debt incurred by husband before marriage?
Yes, in general, the wife is not responsible for the debt incurred by her husband before marriage in Hawaii. Hawaii is a common law property state, which means that each spouse is generally responsible for their own separate debts and liabilities. However, it is important to consult with a legal professional to fully understand the specific laws and circumstances that may apply to your situation.
What are general purpose financial statements?
A financial statement includes the following: Current Assets Non-Current Assets (add those together) Total Assets Current Liabilities Non-Current Liabilities (add those together) Total Liabilities (Total assets less total liabilities) Net Assets Equity is calculated below and the total of equity needs to balance with the net assets figure.
How do you enter accrued expenses in the general ledger?
Accrued expenses are entered as liabilities in the general ledger. Debit expense and credit accrued liability.
What is gl account-?
GL stands for general ledger. This is where all the financial activity of a company is recorded. Within the GL, there are accounts. Each account houses a certain type of activity or category of assets (e.g. cash) or liabilities (e.g accounts payable).
What is the difference between general and administrative expense and overhead expense?
General and administration expenses are those expenses incurred to run day to day business activities. Overhead expenses are factory expenses incurred to run the day to day activities of running production process.
What are the five general ledger divisions for a chart of accounts in accounting?
Five general ledger divisions would be assets, liabilities, equity, revenues, and expenses.
What is the usual order of accounts in the general ledger?
Assets, Liabilities, Owner's Capital, Drawings, Revenues, and Expenses
What type of insurance coverage is recommended for vending machines to protect against potential risks and liabilities?
For vending machines, it is recommended to have commercial general liability insurance to protect against potential risks and liabilities.
Why are variances generally segregated in terms of a price variance and an efficiency variance?
Efficiency Varian materials and direct labor, the variances were recorded in specific general ledger accounts.
Can you provide me real life example for creation general and limited partnership?
A good example of general partnership can be a dental office where two lincesed dentists partners together to open the office. Together they share the profits, liabilities, and there is generally a written agreement documenting the relationship, division of responsibility for expenses, and division of earnings.
