The accounting cycle is important in understanding the accounting process. Instructions Write a memo to your instructor
Question:
Instructions
Write a memo to your instructor that lists the steps of the accounting cycle in the order they should be completed. End with a paragraph that explains the optional steps in the cycle.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (18 reviews)
MEMO To Accounting Instructor From Student Re Accounting Cycle The required steps in the accounting ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Accounting questions
-
From the following particulars, prepare a bank reconciliation statement as at March 31, 2010. i) Balance as per cash book, Rs.3,200. ii) Cheque issued but not presented for payment, Rs.1,800. iii)...
-
Understanding the steps in the accounting cycle is important to get accurate information about the condition of your company. In teams, make strips of paper with the nine steps of the accounting...
-
The balance between SO2 and SO3 is important in understanding acid rain formation in the troposphere. From the following information at 25°C calculate the equilibrium constant for the reaction...
-
A major electronics manufacturer expects to generate additional revenue from its recently won government contract. The company forecasts that the revenue will be $190 million in the first year, but...
-
Refer to the information for Jasper Company on the previous page. Jasper Company provided the following information for last year: Sales in units.................................280,000 Selling...
-
Given that P(A or B) = P(A) + P(B) - P{A and B), develop a formal rule for P(A or B or C).
-
What the paralegals role is in the litigation process?
-
Income is to be evaluated under four different situations as follows: a. Prices are rising: (1) Situation A: FIFO is used. (2) Situation B: LIFO is used. b. Prices are falling: (1) Situation C: FIFO...
-
why did healthcare historians such as nightingale place dvidenced data on thd back burner?
-
In Year1, Monsons first year of business, Monson reported $460,000 of pretax book (GAAP) income. Key line items follow: GAAP (book income) Revenue 660,000 Other expenses (150,000) Depreciation...
-
White gloves Janitorial Service was started 2 years ago by Nancy Kohl. Because business has been exceptionally good, Nancy decided on July 1, 2010, to expand operations by acquiring an additional...
-
As the controller of Breathless Perfume Company, you discover a misstatement that overstated net income in the prior years financial statements. The misleading financial statements appear in the...
-
Draw three distributions that have the same mean value but different standard deviation values. Draw three distributions that have the same standard deviation value but different mean values.
-
On March 1, 2019, Wanda Sykes drove her 2019 SUV through Bon Temps' main street. Wanda's phone rang at an intersection. She dropped it on the passenger side as she got in. Wanda's two-year-old twins,...
-
Chatman has pled guilty to possession of controlled substances and is pending sentencing. His attorney has told him that the judge usually orders everyone drug tested at sentencing and the result...
-
Judge Johnny is a state judge and sworn to uphold the laws of the state, Judge Johnny also has a moral reservation about the state's use of the death penalty as a punishment. He impanels a jury,...
-
A 1200 kg truck traveling at 45.0 mph drives on a banked curve angled at 22.0 degrees. The radius of curvature for the banked curve is 55.0 m. Determine the amount of working done by the force of...
-
Dorothy (aged 17) has discovered that she is in 23 weeks pregnant. She is a Type-1 diabetic. Since a very young age, Dorothy has been devoutly religious. Part of her religion's doctrine is the belief...
-
Describe how a gene family is produced. Discuss the common and unique features of the members of the globin gene family.
-
Why do markets typically lead to an efficient outcome for buyers and sellers?
-
What distinguishes an asynchronous bus from a synchronous bus?
-
In determining interest revenue, some financial institutions use 365 days per year and others use 360 days. Why might a financial institution use 360 days?
-
In determining interest revenue, some financial institutions use 365 days per year and others use 360 days. Why might a financial institution use 360 days?
-
In determining interest revenue, some financial institutions use 365 days per year and others use 360 days. Why might a financial institution use 360 days?
-
Select a product described as one of the "Biggest Product Flops" of 2019 that you will bring back to the market. To, you will need to engage in some research to understand why the product failed to...
-
S dx Evaluate ( +1) x(x+1)
-
If employee costs were distributed equally for both WebLink and KH Connect, for which company, and for which year, was the highest employee cost per city?
Study smarter with the SolutionInn App