What type of accounts are referred to as temporary or nominal accounts? What is meant by these
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Temporary or nominal accounts include revenue expenses a...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Question Posted:
Students also viewed these Accounting questions
-
What type of accounts are referred to as permanent or real accounts? What is meant by these terms?
-
What types of accounts are referred to as temporary accounts?
-
Jim Reed, II had just left a rather unpleasant meeting with his banker, Harold Holmes of First Virginia National Bank. Jim had banked with First Virginia for almost 30 years and his father, who had...
-
k) Assume that one of these portfolio's is the Market Portfolio and all portfolios, except Portfolio G, are fairly priced according to the CAPM. What is the highest utility score that can be achieved...
-
List the primary tools of consumer and trade promotions.
-
A 1000 kg wrecking ball hangs from a 15-m-long cable. The ball is pulled back until the cable makes an angle of 25 with the vertical. By how much has the gravitational potential energy of the ball...
-
\(\{56,44\}\) Find the greatest common divisor of the given set of numbers.
-
Analysis of Installment-Sales Accounts Samuels Co. appropriately uses the installment-sales method of accounting. On December 31, 2012, the books show balances as follows. Instructions (a) Prepare...
-
A dress shop makes a sale on credit for $1,000 on 30 November. The customer is sent a statement on 5 December and payment is received on 10 December. The payment is banked on 12 December. The dress...
-
1. A recent college graduate's gift from her grandparents is $20,000. How much will this provide at the end of each month for the next 12 months while the graduate travels? Assume that money is worth...
-
Visit the home page of the Ford Motor Company at: www.ford.com. From Ford's home page, access the company's most recent annual report (select the "About Ford" menu item). Locate the notes to the...
-
Explain why the Dividends account is closed directly to the Retained Earnings account.
-
Following is Van Auken Lumber's 2012 income statement. Van Auken Lumber: Income Statement for December 31, 2012 ($ thousand) Sales..........................................................$ 36,000...
-
A non-investment grade company wants to borrow money. It is considering two options: (i) issuing a 144a high-yield bond, or (ii) issuing a leveraged loan. The company is certain that interest rates...
-
A car starts the motion and after 6 second its velocity reachs to 7 5 mi / hr . Then this car coast for 3 minutes. Then driver pushes the brake and car deccelerates by 4 m / s 2 unitl it stops. Find...
-
Now consider the junk bond financing alternative. a. Construct a pro forma income statements for 1993 for the two financing alternatives. b. What are the times-interest-earned, fixed charge coverage,...
-
Problem 9 [Absolute value function] Solve the inequality and write the solution in interval notation 1+x > 2 x (Hint: Consider two cases: when x > 0 and x < 0.) Problem 10 [The Absolute Value...
-
The income statement for the month of June, 2016 of Snap Shot, Inc. contains the following information: Revenues $7,300 Expenses: Salaries and Wages Expense $3,000 Rent. Expense 1,300 Advertising...
-
The adjusted trial balance at June 30, 2023, for Altazs Electrical Co. follows. Prepare the four closing entries and the post-closing trial balance. Acct # Account Name 101 Cash 105 Accounts...
-
Determine two different Hamilton circuits in each of the following graphs. A B F G
-
What are the four significant parts of the production cost report for process costing?
-
Briefly explain the operation of process costing, including the manner in which the unit costs of finished goods are determined.
-
Briefly explain the operation of process costing, including the manner in which the unit costs of finished goods are determined.
-
Gains and losses recognized as part of OCI and AOCI are Multiple choice question. not subject to tax. reduced by the applicable tax effect. recognized at their gross amounts
-
Select all that apply On 2/1, Sophie Company sold merchandise on account to Lexie Company in the amount of $1,500 and credit terms of 1/10, n/30. On 2/9, Lexie paid the amount due less the cash...
-
Evaluate the list below and indicate which item would most likely be found in a company's operations manual
Study smarter with the SolutionInn App