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What is true regarding the different types of general ledger accounts?

One type of business expense is an owner withdrawal of equity.When a company receives money as payment for goods sold, it increases its accounts receivable.An employee using a company credit card creates an account payable.Building rent for the month of December that will be paid on December 15th is an example of an accrued liability.


How do you recover company assets from employee?

To recover company assets from an employee, first, communicate clearly with the employee about the situation and request the return of the items. Document the conversation and any relevant policies regarding company property. If the employee does not comply, follow your company's disciplinary procedures, which may include formal requests, legal action, or involving law enforcement if necessary. Always ensure your actions are in line with company policies and local laws.


What should the owner of a company do with regard to charges on cashing employee checks?

It's very bad for management - employee relations to charge employees to charge them at all for cashing their paychecks. If the company is a bank, all types of bank services such as checking accounts, savings accounts and check cashing should be free. Also, if the company is a bank, discounted loans for personal loans and mortgage loans will help employees morale and loyalty.


What is the job of external auditor?

Job of external auditor is to examine the books of accounts of company and issue a clearance letter regarding the true and fair nature of financial statement.


What are a company's accounts payable?

Anything a company owes and must pay can be listed as a payable. From employee wages, to taxes, to mortgages, rent, bills etc. All of these can be listed as a payable at some point during the accounting period. They may not always have to be, but can be.

Related Questions

What is true regarding the different types of general ledger accounts?

One type of business expense is an owner withdrawal of equity.When a company receives money as payment for goods sold, it increases its accounts receivable.An employee using a company credit card creates an account payable.Building rent for the month of December that will be paid on December 15th is an example of an accrued liability.


What do you think about the recent changes in the company's policies, especially regarding employee benefits, and how do you feel about the overall direction the company is heading in"?

I believe the recent changes in the company's policies, particularly regarding employee benefits, are positive. I feel optimistic about the overall direction the company is heading in.


How is the employee paid at this company?

Employees at this company are typically paid through direct deposit into their bank accounts on a bi-weekly basis.


How do you write a letter to accounts department regarding company STC in process?

To write a letter to accounts department regarding company STC in process, you need to be formal. You should cite all queries and concerns in your letter and also give any possible suggestions in the letter.


How much do accounts managers earn?

It depends on the company or organization ability there is no standard pay for any employee or any organization...


Can employee pay be bankrupted in a bankruptsy?

Yes, because the company that they work for and the employee are 2 different inities


How do you recover company assets from employee?

To recover company assets from an employee, first, communicate clearly with the employee about the situation and request the return of the items. Document the conversation and any relevant policies regarding company property. If the employee does not comply, follow your company's disciplinary procedures, which may include formal requests, legal action, or involving law enforcement if necessary. Always ensure your actions are in line with company policies and local laws.


What type of company is Lloyd TSB?

Lloyd TSB is a company specialized in personal banking, finances and bank accounts. One can find information regarding this company on Lloyd TSB's website.


What should the owner of a company do with regard to charges on cashing employee checks?

It's very bad for management - employee relations to charge employees to charge them at all for cashing their paychecks. If the company is a bank, all types of bank services such as checking accounts, savings accounts and check cashing should be free. Also, if the company is a bank, discounted loans for personal loans and mortgage loans will help employees morale and loyalty.


When a company has a parent company does the employee work for the parent company?

The employee works for the daughter company.


What does the company Beneflex specialize in?

Beneflex is a company which administers employee benefits for various companies. They offer medical, dental and other health insurance benefits including health spending accounts to various companies.


If a company gives an employee a laptop is the company notified what the employee searches?

It depends on the company. lil K!