0
What else can I help you with?
What is a source that could be used in developing an expected account balance?
Financial information from comparable prior periods adjusted for any changes expected to affect the balances of the current period.
What is the importance of the trial balance in the preparation of a financial statement?
The trial balance is the source document for the preparation of any financial statements. A trial balance is a list of all the account codes with the current balances and the first step to prroduction of the financial statements is checking to see if it balances. If it doesn't then you're in serious trouble as there is a major flaw in your financial records. When constructing the profit and loss account in the financial statements you simply group together the income and expense accounts from the trial balance into convenient groupings and the resulting total is the profit or loss of the business. The balance sheet is contructed by simply taking all the balance sheet accounts from the financial statements, again grouping together into convenient groupings. The profit or loss calculated in the profit and loss earlier is the retained profit for the period that is entered at the bottom of the balance sheet to ensure it balances
What is the difference between a balance ledger and cash available for withdrawal?
The best answer I have found for this is that the ledger balance shows how much money of yours is actually within your account, even if some of it is about to be sent for payments of checks and charges and the like. The available balance is the rest, the money in your account not about to be used to pay any charges and is immediately available for withdrawal. Source: http://www.bangkokbank.com/Bangkok+Bank/Personal+Banking/Internet+Banking/FAQ/Virtual+Bank+Accounts.htm#2
How do you treat suspense accounts?
Create Suspense Account-Under "Current Asset". For example, Suppose, Bank Balance shows a receipt of Rs 1000/-, source unknown. So, create a Ledger Account naming Suspense A/c under Current Asset and Pass Journal : Bank A/c Dr 1000 To Suspense A/c 1000 Later, the Amount can be transferred to the specific head like may be customers or receivables etc. say, if the 1000 is by a customer Abc Ltd. pass the Journal: Suspense A/c Dr 1000 To Abc Ltd. 1000
Why do accounts payable provide a source of cash?
Account payable are a source of cash because when you increase your account payables, you are given credit on the assets you bought, which represent cash.
What is a source that could be used in developing an expected account balance?
Financial information from comparable prior periods adjusted for any changes expected to affect the balances of the current period.
Why does light flicker?
Light can flicker when there are fluctuations in the electrical current powering the light source, causing the intensity of the light to vary rapidly.
Can you transfer a balance to a debit card?
No, you cannot transfer a balance to a debit card. Debit cards are linked to your checking account and do not have a balance that can be transferred from another source.
Define balance of payment surplus?
statement that summarizes an economy's transactions with the rest of the world for a specified time period. The balance of payments, also known as balance of international payments, encompasses all transactions between a country's residents and its nonresidents involving goods, services and income; financial claims on and liabilities to the rest of the world; and transfers such as gifts. The balance of payments classifies these transactions in two accounts - the current account and the capital account. The current account includes transactions in goods, services, investment income and current transfers, while the capital account mainly includes transactions in financial instruments. An economy's balance of payments transactions and international investment position (IIP) together constitute its set of international accounts. (source- investopedia)
What does it mean to source current?
the source current is the current that flows from the power source.
Why does the LED light flicker intermittently?
The LED light flickers intermittently because of fluctuations in the electrical current flowing to the light, which can be caused by issues with the power source, wiring, or the LED itself.
What does the neutral wire do in an electrical circuit?
The neutral wire in an electrical circuit provides a return path for the current to flow back to the power source. It helps balance the electrical load and ensures the safety of the circuit by providing a path for excess current to return to the source.
What ismean by current source?
A current source produces a constant current no matter the variation in voltage.
Why are there two balancing conditions for Anderson bridge?
the two balancing conditions are steady current and inductive balance.Steady current obtained by using cell and galvanometer and inductive balance is obtained by a.c. source and head phone
What is the simplest source of direct current?
Simple source of direct current are Batteries.
Is bank statement an asset or owner's equity?
A bank statement is neither an asset or owner's equity account. It is a source document for the determination of the correct cash in bank balance account of an entity, and after the final determination thereof, the cash in bank balance will be an asset account. The bank statement is secured from the bank where the entiity maintains an account and said statement is being reconciled with the book balances of the company for the said final determination of correct cash in bank balance prior to month end, quarterly closing and annual closing of a company.
How can convert voltage source into current source?
Take the internal series resistance of the voltage source and make it the internal parallel resistance of the current source. Then compute using Ohm's law the current of the current source to be equal to the maximum current the original voltage source could supply a short circuit load. Note: the two sources are equivalent.
