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Write down everything you can think of that relates to the subject of the reading.

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13y ago

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Continue Learning about Accounting

Do you add state and parish taxes together when figuring sales tax?

no


What entry should be done for prior year audit adjustment?

For a prior year audit adjustment, the typical entry involves debiting or crediting the appropriate accounts to reflect the necessary corrections. This entry should be made to retained earnings in the current year to adjust for the prior period's financial statement errors. It's important to disclose this adjustment in the financial statements to maintain transparency. Additionally, ensure that the adjustment is documented thoroughly to provide context for future audits.


What are the proper procedures for a change to the LIFO method of inventory valuation?

Company should adjust its financial statements for each prior period presented. Thus, financial statement info about prior periods will be on the same basis as the new accounting pricipal. It adjusts the carrying amounts of assets and liabilites as of the beginning of the first year presented. It will reflect the cumulative effect on prior periods. Company should also adjust an opening balance of retained earnings or net assets as of the beginning of the first year presented.


A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing how should the account holder try to work out a resolution?

A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing, how should the account holder try to work out a resolution?


What are the qualities of good salesman?

# Physical qualities: A good salesman should be good looking and must have an alluring posture. He must be convincing by voice, thus requiring a caring and loving voice. He shouldn't show a negative expression under any circumstance. # Mental/Psychological qualities: A good salesman must have a marvelous personality. He should be sweet natured and must be patient. He should know to deal with people of different age groups, classes and gender. In no condition should he lose his temper at it may spoil the image of the company for which he is working. # Technical qualities: A good salesman should posses all the technical qualities, i.e., he should have knowledge about the product he is selling in full. He should know as to how it works, its usefulness and other specifications. # Knowledge about the firm: He should have complete knowledge about the firm he is working for. He should know about the people behind the success of the firm and the history of the same. He should not pursue his work with partial knowledge. 5. Communication skills: A good salesman requires fantabulous communication skills. He should know diversified languages and must be confident and nit stammer while speaking.

Related Questions

After figuring out what a text is about you should?

consider what you already know about the subject. use prior knowledge about the subject.


What should you do when figuring out what prior knowlege you have?

write down everything you can think of that relates to the subject of the reading.


What are the best definition of knowledge?

knowledge is the way of figuring things out.


What should you try to do during the post-reading stage?

Relate the new information to your prior knowledge./////


What should you try to do during the post-reading?

relate the new information to your prior knowledge


Can prior knowledge be biased?

no


Why is prior knowledge so important in science?

Prior knowledge allows you to make a well-informed hypotheses and a better-planned experiment.


What reading strategy involves combining prior knowledge with new information?

The reading strategy that involves combining your prior knowledge with new information is inferences. When you make inferences you use reasoning, which combines you prior knowledge with new information.


What do you need to solve chemistry problems?

Prior knowledge, pen and paper, and a calculator. Quite a vague question, but that should help...


What can a scientific question do that is based on prior knowledge or research and that is testable?

An experimental question is based on prior knowledge. This type of question can also be tested and will have an answer.


What can a scientific question can do that is based on prior knowledge or research and that is testable?

An experimental question is based on prior knowledge. This type of question can also be tested and will have an answer.


How do gulls know they should lay eggs?

It has something to do with their instincts. It's their instict to lay three eggs, because of their prior knowledge.