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Accounting

Understand the language of business through the study of financial statements, budgeting, and taxation. Accounting is essential for business transparency and integrity.

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Questions
Q: Why double stub matching is better than single stub matching
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Q: Is depreciation a credit or debit entry
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Q: An accounting record of the balances of all assets and liabilities and equity accounts is called a.compound entry. b. general journal. c. general ledger. d. chart of accounts
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Q: How does inventory affect profit
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Q: What is journal entry for supplies bought on account
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Q: What is the inventory method that assigns the most recent costs to cost of goods sold
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Q: Is disposable income and net pay the same thing
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Q: What is a stockholders share of a company profit
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Q: Does your understanding of the costs to society of your negative driving behavior provide you with sufficient reason to change the behavior
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Q: What is downstream liability
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Q: What is an example of variable cost in health care
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Q: How are purchase discounts and purchase returns recorded by a company using the periodic inventory system
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Q: Why might the revenue and cost figures shown on a standard income statement not represent the actual cash inflows and outflows that occurred during a period
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Q: Cash withdrawn from bank what is the journal entry
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Q: What is the journal entry for cash withdrawn from bank
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Q: Is return inward a current asset
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Q: Would you use an sales day book for creditor
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Q: What triggers long term federal recovery programs and response assets
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Q: Is amortization of discount on investment in bonds added or subtracted in converting net income to the net cash flow
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Q: Which journal produced from the general ledger that is used as an output report
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Q: Are all direct cost are variable
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Q: What are the 2 parts of stockholders' equity divided into
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Q: How do you calculate the vat figure when only the gross amount is known
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Q: Why is it necessary for auditors to assess internal internal control processes
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Q: An asset that cannot be sold individually in the market place is 1. a patent. 2.goodwill. 3.a copyright. 4.a trade name.
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Q: Allocating the cost of an intangible asset is referred to as 1.amortization. 2.depletion. 3.accretion. 4.capitalization.
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Q: Is a direct labor wages a prime cost
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Q: Which functional areas are related to payroll
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Q: When a plant asset is acquired by issuance of common stock the cost of the plant asset is properly measured by the
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Q: How do you compute the profitability index of a capital-budgeting proposal
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Q: How does management accounting information criteria conflicted with each other
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Q: What is the journal entry for cost of supplies used
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Q: Which sectors do accounting firms belong to
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Q: What would be the journal entry for supplies that have been used
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Q: State the double entry principle
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Q: Which one of the following is not an external user of accounting information a. gulatory agencies. b. Customers. c. Investors. d. All of these are external users
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Q: Does the general journal have to balance
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Q: What is the journal entry of cash paid for Rs 3000 becomes bad debts
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Q: What is Cost plus variable fee
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Q: What are four costs associated with maintaining an inventory
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Q: Are wall finishes and carpet examples of furniture and fixtures
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Q: What is the accounting meaning of apprentice premium
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Q: Does common stock at par belong to category balance sheet or income statement
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Q: What are the different types of costs contributing to cost of quality
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Q: What ratios is a measure of a company's ability to pay all current liabilities if they come due immediately
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Q: How do you do the double entry for work in progress
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Q: What is office maintenance in accounting
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Q: What kinds of journal entries of when cash withdraw from bank
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Q: What are the advantages and disadvantages of quality standards
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Q: What is the average profit margin for travel agency
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Trending Questions
Why do shareholders or owners need accounting information? What is drawn up to check that the two sides of the accounts are the same? is the total amount of issued share capital for which the shareholders are required to pay is the authorized share capital or issued share capital or call up share capital or paid up share? After closing entries are posted? When is a company solvent? How to calculate the am out of vat? What is the penalty for late filing of returns under tn vat act? What kind of merchandise is sold at Federick's? What does reconcile a bank statement mean? What does QBE stand for? When no-par stock is issued? Diminishing balance method? Why didn't federal taxes get deducted from your pay? When evaluating projects using the internal rate of Return are projects with a lower early year cash flow preferred at higher discount rates? What types of assets require adjusting entries to record depreciation? How do you calculate tax base for an asset? Is there vat on ink? Does net income using weighted average fall between that using FIFO and LIFO? What type of taxes do city and county governments most rely on? What is the yearly minimum income of a BUSINESS needed to pay income taxes?

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