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2 types of financial records could be utility/service bills and mortgage statements.

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What are the four main types of farm records?

Four main types of farm records are financial, machinery repairs/maintenance, crop production, and livestock production records. Even within these four records, other types come up. For instance in financial records, there are records to be kept for sales and purchases, income tax statements, utility bills for gas, water and electricity, rental/leasing records, gross income budget analysis which get used to determine annual net income, etc.


What are the types of farm records?

There are certain records that are standard and necessary for every farm. These are:Accounting/financial records (where income and costs or expenditures are recordedMarket records (for current prices on commodity items like grain, cattle, hogs, etc.)Inventory recordsSales records (where product was sold, to whom and for how much)Specific types of farming operations would have specific records, such as records for medications or hormones given to beef cattle for farms raising them, or the types of seeds used by a farmer growing a crop.


What does a small business use as a basis of obtaining information for their financial records?

Financial records for a small businessProfit and Loss Statement and a Balance Sheet are common to all types of businesses and are the basic financial statements which summarize all the accounts of a business.Ledgers for Accounts Receivable - for a business offers credit to customersLedgers for Accounts Payable - for a business that purchases material or goods for production or resaleCost accounting records - for a business that manufactures goods for saleInventory records - cover purchase costs, quantities brought in, and quantities used.There are many other types of financial records a business may need. Examples are Personnel and Payroll records.There may also be financial records specially required by certain industries or because of the legal form of business organization you choose, such as incorporation. Refer to links below for further information


Is it legal for homeowners associations to keep two sets of financial records?

You can look to the state corporate law under which your association was incorporated. There may -- or may not -- be guidance there as to the number of financial records to be kept. As an owner, you can request copies of all financial records. With copies in hand, you can consult with a local, common interest community attorney or CPA, and get the answer you want. Note that keeping multiple sets of financial records rarely indicates transparency in the conduct of business.


What are the two types of accounting system in branche acounting?

In branch accounting, the two main types of accounting systems are the integrated system and the non-integrated system. The integrated system records all transactions in a centralized manner, allowing real-time access to financial data for both the main office and branches. In contrast, the non-integrated system keeps branch accounts separate, requiring individual branch accounting records to be maintained and consolidated periodically for overall financial reporting. Each system has its own advantages depending on the organization's size and operational needs.

Related Questions

What are the two types of clue materials in homicides?

Two types of clues in a homicide investigation are the medical examiners report and financial (credit card) and telephone records.


What are the four main types of farm records?

Four main types of farm records are financial, machinery repairs/maintenance, crop production, and livestock production records. Even within these four records, other types come up. For instance in financial records, there are records to be kept for sales and purchases, income tax statements, utility bills for gas, water and electricity, rental/leasing records, gross income budget analysis which get used to determine annual net income, etc.


What are two types of patients records?

Two types of patient records are electronic health records (EHRs), which are digital versions of patient charts, and paper-based medical records, which are physical documents containing patient information and medical history.


What are two types of medical records?

electronic and paper


Does medical records contain financial records?

No


What are the types of farm records?

There are certain records that are standard and necessary for every farm. These are:Accounting/financial records (where income and costs or expenditures are recordedMarket records (for current prices on commodity items like grain, cattle, hogs, etc.)Inventory recordsSales records (where product was sold, to whom and for how much)Specific types of farming operations would have specific records, such as records for medications or hormones given to beef cattle for farms raising them, or the types of seeds used by a farmer growing a crop.


Which bank NOT the insurance company displays Lincoln's financial records?

which banck has displays linclons financial records


What does a small business use as a basis of obtaining information for their financial records?

Financial records for a small businessProfit and Loss Statement and a Balance Sheet are common to all types of businesses and are the basic financial statements which summarize all the accounts of a business.Ledgers for Accounts Receivable - for a business offers credit to customersLedgers for Accounts Payable - for a business that purchases material or goods for production or resaleCost accounting records - for a business that manufactures goods for saleInventory records - cover purchase costs, quantities brought in, and quantities used.There are many other types of financial records a business may need. Examples are Personnel and Payroll records.There may also be financial records specially required by certain industries or because of the legal form of business organization you choose, such as incorporation. Refer to links below for further information


Is it legal for homeowners associations to keep two sets of financial records?

You can look to the state corporate law under which your association was incorporated. There may -- or may not -- be guidance there as to the number of financial records to be kept. As an owner, you can request copies of all financial records. With copies in hand, you can consult with a local, common interest community attorney or CPA, and get the answer you want. Note that keeping multiple sets of financial records rarely indicates transparency in the conduct of business.


What are the different types of police records?

types of police records


What are the three main types of audits?

The three main types of audits are financial audits, operational audits, and compliance audits. Financial audits focus on financial statements and records to ensure accuracy and compliance with regulations. Operational audits assess efficiency and effectiveness of processes and procedures. Compliance audits verify adherence to laws and regulations.


Two of the specific goals of vital records are to protect critical assets and preserve critical operations in addition to these two functions why else do you manage vital records?

Vital records recover damaged records Vital records improve safety and security Vital records are required to achieve compliance with laws and regulations Vital records protect legal and financial rights