0
What else can I help you with?
What is separate determination concept?
The concept that the amount of each asset or liability should be determined separately
Does Each partner has a separate capital and withdrawal account?
Yes
The office equipment account is classified as?
The office equipment account is classified as an asset. Office equipment is an account that is amortized each year to show a devaluation for tax purposes.
In process costing a separate work in process account is kept for each?
processing department
True or false. A separate form for each account is used to summarize all the changes to a single account?
TRUE!!!! I just got that question wrong :(
What is separate determination concept?
The concept that the amount of each asset or liability should be determined separately
Is an escrow account an asset or a liability account?
The total balance in escrow is shown on a company's balance sheet at the end of every period, either as a liability or in a section between liabilities and equity. The separate bank account that the escrow funds are held in is shown as a current asset outside of the company's operating account. In this way, the escrow funds are both an asset and a liability in the company and are a "wash." However, the accounts cannot be netted against each other because they must be visible as both asset and liability according to GAAP.Read more: http://www.ehow.com/info_11384335_accounting-treatment-escrow-account.html#ixzz2l5oMh8nY
What benefits might a company see from recording each account payable in a separate account.?
what benefits might a company see from recording each accounts payable in a separate account.
What benefit might a company see from recording each account payable in separate account?
what benefits might a company see from recording each accounts payable in a separate account.
What benefit might a company see from recording each account payable in a separate account?
what benefits might a company see from recording each accounts payable in a separate account.
Does Each partner has a separate capital and withdrawal account?
Yes
The office equipment account is classified as?
The office equipment account is classified as an asset. Office equipment is an account that is amortized each year to show a devaluation for tax purposes.
How does a fund accounting structure control government's expenses?
each type of financial activity is segregated into a separate set of self-balancing asset, liability, and net asset accounts
A book that keeps separate record for each account is known as?
voucher
In process costing a separate work in process account is kept for each?
processing department
If the corporate officers are involved in separate bankruptcies can a llc corp they own be dissolved by the court to pay their separate debts?
Probably not exactly...but each individual BK would certainly have the stock/ownership in the LLc a part of it, an asset that coulkd be used to pay debts, so each individual one could take that asset, which would effectively have the same result.
Is prepaid rent is what type of asset?
Prepaid Rent is a Current-Asset account. Since it deals with "prepaid" it will expire on a regular basis and is not a "fixed" asset. Each month (or whatever terms the rent may be paid) the amount is removed from Prepaid-Rent and placed in Rent Expense.
