List the steps in the closing procedure in the correct order.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
The steps in the closing procedure are a Close the revenue acco...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
Question Posted:
Students also viewed these Accounting questions
-
List the steps in developing effective marketing communications.
-
List the steps in a statistical sampling application for substantive testing.
-
List the steps in a sampling plan for performing substantive tests of balances and transactions.
-
WSU Small Business Booster Every year, Robin identifies a small business to invest her money in because she wants to support companies that WSU students have started. Robin named the program WSU...
-
Are managers who do not appear to follow the NPV decision rule irrational?
-
Explain the three primary responsibilities of management. How does internal auditing relate to each of these management responsibilities?
-
A certain data set contains 27 points. The least-squares regression line is computed, with the following results: Construct a 95% confidence interval for 1. b = 5.78, s = 1.35, and (x - x) = 3.4. Se
-
Andular Financial Services was organized on April 1 of the current year. On April 2, Andular prepaid $9,000 to the city for taxes (license fees) for the next 12 months and debited the prepaid taxes...
-
Evaluate (2) n=2 1 n(ln n)
-
The Halow Harp and Chime Company is negotiating a new labor contract. Among other things, the union is demanding that the company pay its work- ers weekly instead of twice a month. The payroll...
-
Write the third closing entry to transfer the net income or net loss to the P. Hernandez, Capital account, assuming the following: a. A net income of $ 3,842 during the first quarter (Jan. Mar.) b. A...
-
What is the purpose of closing entries? Consider the consequence of forgetting to make closing entries.
-
Assume that we change the CreditCard class (see Code Fragment 1.5) so that instance variable balance has private visibility. Why is the following implementation of the PredatoryCreditCard.charge...
-
After reading or watching the Great Myths of the Great Depression, pick two that surprised you the most and share why. For each of the myths you choose, share how government action or inaction...
-
The size of the Moon\'s orbit is about 450,000KM. How long does it take the Moon to orbit the Earth? Convert this number to seconds, and use this data on the Moon\'s orbit to find the mass of Earth....
-
The magnitude of the magnetic field in a certain region is represented by the equation |B| = at + bt + c, where a = 0.035 T/s, b = 0.040 T/s and c= 0.168 T. A circular coil with 55 turns and diameter...
-
What is the maximum American opportunity tax credit that Elaine can claim for the tuition payment and books in each of the following alternative situations? Note: Leave no answer blank. Enter zero if...
-
3) Determine the velocity of slider at point C (link 6) shown in the figure below when the crank (link 2) is rotating at 100 rpm CCW directions by using graphical (relative velocity) method (%25). A...
-
The following table lists the actions that various employees are permitted to perform: EMPLOYEE Able Baker Charley Denise Ellen PERMITTED ACTIONS Check customer account balances Check inventory...
-
Nike manufactures shoes and sportswear. How has the Internet changed the way this company communicates with its suppliers and retail customers?
-
The following transactions were undertaken by Massenburg Personnel Services during the month of February 2019. Ignore GST. 1. Invoiced a client for providing advice on current employment legislation,...
-
Davis Parts Shop uses a large amount of supplies in its business. The following table summarizes selected transaction data for supplies that Davis Parts Shop purchased: Determine the total purchases...
-
The accounts that follow are from Dale's Lawn Service, a company that maintains condominium grounds. a. Cash b. Accounts Receivable c. Supplies d. Equipment e. Accounts Payable f. Lawn Services...
-
The Buy-It Design Company creates radio and television advertising for local businesses in the twin cities. The following alphabetical list shows Buy-It Design's account balances as of January 31,...
-
Could you elaborate on the factors contributing to interest rate differentials across international bond markets, and how do these disparities influence capital flows and foreign exchange rates?
-
The entries in a purchases journal are posted to the what is journal entry
-
Metropolitan Dental Associates is a large dental practice in Chicago. The firm's controller is preparing the budget for the next year. The controller projects a total of 54,000 office visits, to be...
Study smarter with the SolutionInn App