A work sheet is a permanent accounting record, and its use is required in the accounting cycle.
Question:
“A work sheet is a permanent accounting record, and its use is required in the accounting cycle.” Do you agree? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
A work sheet is not a permanent accounting record and i...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Question Posted:
Students also viewed these Accounting questions
-
A worksheet is a permanent accounting record and its use is required in the accounting cycle. Do you agree? Explain.
-
Although using a work sheet is optional, it is useful. Do you agree? Explain.
-
A worksheet is a permanent accounting record, and its use is required in the accounting cycle. Do you agree? Explain.
-
4. (a) (c) 6 -6 5 6 5 7 6 (b) (d) -5 6 6 -7 [6-5] 7-6
-
Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/ fred2/) and find the most recent values for the following four variables: (1) M1 Money Stock (M1), (2) the...
-
Squirrel Tree Services reports the following amounts on December 31. In addition, the company reported the following cash flows. Required: 1. Prepare a balance sheet. 2. Prepare a statement of...
-
Question: Mantra Films sold "Girls Gone Wild" DVDs on the Internet. When customers ordered one DVD, the company would enroll them automatically in a "continuity program" and send them unordered DVDs...
-
On January 1, 2008, Bensen Company leased equipment to Flynn Corporation. The following information pertains to this lease. 1. The term of the non-cancelable lease is 6 years, with no renewal option....
-
A-D questions?. 6. In the current year, the DOE LLC received revenues of $300,000 and paid the following amounts: $50,000 of business expenses (rent, utilities, wages, depreciation, etc.), a $50,000...
-
The position of a particle as a function of time is given by r(vector) = (5.0i + 4.0j)t 2 m, where t is in seconds. a. What is the particles distance from the origin at t = 0, 2, and 5 s? b. Find an...
-
Selanne Enterprises made the following entry on December 31, 2005. Dec. 31, 2005 Interest Expense ...................................... 10,000 Interest Payable...
-
Distinguish between cash-basis accounting and accrual basis accounting. Why is accrual-basis accounting acceptable for most business enterprises and the cash basis unacceptable in the preparation of...
-
Explain the purpose behind the notes to the financial statements. Discuss.
-
What factors should be considered by management in selecting an inventory cost flow method?
-
What are the relative advantages and disadvantages of generalized audit software versus special programs written for a particular application?
-
Under a perpetual inventory system, what are the two entries that must be recorded at the time of each sale?
-
What contribution does the journal make to the recording process?
-
In what ways is a perpetual inventory system different from a periodic inventory system?
-
Celebrities always seem to be getting divorced. The (approximate) lengths of some celebrity marriages in days are: 240 (J-Lo and Cris Judd), 144 (Charlie Sheen and Donna Peele), 143 (Pamela Anderson...
-
Determine two different Hamilton circuits in each of the following graphs. A B F G
-
Sketch a typical composite enthalpy diagram for a heat-exchanger network. On this diagram clearly label the x- and y-axes, and indicate on the diagram the values and location of the overall hot and...
-
Briefly discuss the implications of the financial statement presentation project for the reporting of stockholders equity.
-
Briefly discuss the implications of the financial statement presentation project for the reporting of stockholders equity.
-
Briefly discuss the implications of the financial statement presentation project for the reporting of stockholders equity.
-
4. What was the name of the dance on Huey's tv show? O gator dance O gator swing O gator tap O gator kick
-
5) Choose the scenario below that would give rise to Foreign Base Company Sales Income? a) U.S. corporation purchases property produced in the United States from a related U.S. corporation and sells...
-
Chapter 15 Examine the reason for the four primary categories of control devices and then discuss the common building systems controlled by building automation? How does this relate to the control...
Study smarter with the SolutionInn App