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Source documents provide evidence of business transactions and are the basis ofr accounting entries?
Identify and briefly describe the main source documents that a firm is likely to handle.
When completing ics records or documents you should follow all of the guidelines?
print or type all entries
When completing ICS records or documents you should follow all of the guideline except?
print or type all entries
Is it necessary to post all journal entries?
Yes it is necessary to post all journal entries otherwise no proper books of accounts will be maintained and no accurate financial information will be available.
What does a router do if no match can be made?
If none of the route entries match, the router directs the message to the gateway specified by the default route if it has been configured
Why are adjusting entries needed at the end of accounting period?
Adjusting Entries are journal entries that are made at the end of the accounting period, to adjust expenses and revenues to the accounting period where they actually occurred. Generally speaking, they are adjustments based on reality, not on a source document. This is in sharp contrast to entries during the accounting period (such as utility bills or fees for services rendered) that depend on source documents.
Why are adjusting entries needed at the end of an accounting period?
Adjusting Entries are journal entries that are made at the end of the accounting period, to adjust expenses and revenues to the accounting period where they actually occurred. Generally speaking, they are adjustments based on reality, not on a source document. This is in sharp contrast to entries during the accounting period (such as utility bills or fees for services rendered) that depend on source documents.
What is the literary form for a novel that contains diary entries or letters?
The literary form for a novel that contains diary entries or letters is an epistolary novel. The novel is written as a series of documents. The word epistolary is derived from Latin from the Greek word epistole, which means letter.
What is the purpose of source document?
When a business transaction occurs then documents is called source document. Examples of source documents are: 1. cash receipt 2. cancelled check 3. Invoice sent or received 4. Employee Time sheet
How does the HOST file relate to DNS?
The host file provides a list of static DNS entries for a specific computer. In general, the computer checks it's host file for DNS lookup before going to the DNS server.If the server name is found in the host file, the computer uses the specified IP address. Otherwise, the server queries a DNS server for name lookup.
What is the difference between adjusting entries and correcting entries?
Correcting entries correct errors. Adjusting entries fine tune the accounts.
What comes first closing journal entries or post closing entries?
Closing entries comes first as name shows post closing entries are after closing entries and it is as simple as name suggests.
