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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: Who is responsible for reviewing the actions of COs and DAOs under their control to ensure adherence to established policy procedures and internal controls
1 answer
Q: Which of the following items on a bank reconciliation would require an adjusting entry on the company's books
1 answer
Q: What type of account is the accumulated depreciation account
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Q: What is the interaction between housekeeping department to the accounting
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Q: What is the journal entry for outstanding salaries
2 answers
Q: What is the aim of an accounts SBA
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Q: What is the journal entry for machinery sold
2 answers
Q: Who are the direct users of information in accounting
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Q: Differentiate between capital expenditure and recurrent expenditure with example
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Q: What is cost sheet and what purpose of use cost sheet
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Q: Is cash at the bank an asset or liability
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Q: What is the journal entry for cash ch paid to X Rs.5000
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Q: Can depreciation be charged on capital work in progress. Give reasons
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Q: To avoid multiple counting in national income accounts only
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Q: What is the head of an accounting department called
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Q: What is the purpose of statement of account
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Q: What methods can bookkeepers use to stay up to date with changes to GST act and other legislatie acts
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Q: What is the general journal entry for returned damaged supplies for a cash refund of 300.00
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Q: What is used of the BI Detailed Labor Cost Report
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Q: What are Payroll and labor transactions in ECC sorted and summarized for posting by
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Q: Where establishment expenses must placed in final account
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Q: What are RM cost
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Q: Which intangible asset is recorded only as a part of the acquisition of another company
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Q: What will be the journal entry for installation charges paid for a machinery
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Q: What is journal entry for investing 30000 in cash
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Q: What is accounting treatment of drawings
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Q: What are the costs of freebie items
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Q: Can you have 2 accounts on kizi
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Q: What is the journal entry for partial cash and credit payments
1 answer
Q: Which groupuses accounting information to determine whether a marketing proposal will be cost effective
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Q: What is meant with internal and external users of information
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Q: How rent paid in advance is treated in accounting equation
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Q: What journal entry do you use to record the actual conversion cost incurred
1 answer
Q: What is the journal entry of commenced business with a cash capital
2 answers
Q: Can Nationwide charge a net asset fee and a gross expense ratio percent as both are listed on the Fund Performance pages
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Q: What component of an accounting classification identifies the nature of services or items purchases
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Q: What decreases an owner's equity
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Q: When cash is received in advance of performing a service the accountant
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Q: What form is used to collect account for cash collections into the accounting system
4 answers
Q: What are the three characteristics of activity Based costing
1 answer
Q: What component of an accounting classification identifies the responsible organization or who is incurring the cost
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Q: What does a favorable direct materials efficiency variance indicate
1 answer
Q: Filled Customer Orders Collected transaction are recorded into the accounting system using what balance identifier
1 answer
Q: What is a snap shot of a commanders actual budget execution during the current fiscal year
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Q: Who is responsible for establishing and maintaining internal controls to achieve the objectives of effective and efficient operations reliable financial reporting and compliance with applicable laws
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Q: Who is responsible for providing fiscal year end guidance procedures to bases reviewing status of accounting system assisting with posting obligations in the accounting system and executing closeout c
1 answer
Q: Which of the following would be considered a capital expenditure
1 answer
Q: What is period accounting
2 answers
Q: When book-keeping ends and account starts
2 answers
Q: A business paid 7000 to a creditor in payment of an amount owed. The effect of the transaction on the accounting equation was to
1 answer
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