Control accounts are used to help identify errors in the bookkeeping system. How does this happen?
Question:
Control accounts are used to help identify errors in the bookkeeping system. How does this happen?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
a complaint made in response to another complaint or by a person or group who was compl...View the full answer
Answered By
Hardik Dudhat
I am semi-qualified Chemical Engineering ,I have scored centum in accounting in my senior secondary and in my graduation. I have always helped my fellow students with their concerns on the subject, i have tutored on various tutoring sites in the past and also have taken home tuitions for degree and MBA students. As a tutor, I don't want my students to just get a solution, I want them to understand the concept and never have a doubt in that area thereon and i believe in excelling and not in educating.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
Question Posted:
Students also viewed these Business questions
-
Explain how broad organizational categories are used to help identify risks.
-
Explain how ACL could be used to help identify potentially obsolete inventory.
-
Explain how GAS could be used to help identify potentially obsolete inventory.
-
Classify each of the following random variables as either continuous or discrete: a. The survival time of a cancer patient after receiving a new treatment for cancer b. The number of ticks found on a...
-
Explain why the net ionic equation for the neutralization reaction between HCl(aq) and KOH(aq) is the same as the net ionic equation for the neutralization reaction between HNO3(aq) and RbOH(aq).
-
Carey Company is borrowing $200,000 for one year at 12 percent from Second Intrastate Bank. The bank requires a 20 percent compensating balance. What is the effective rate of interest? What would the...
-
Can you set the sale of a call option off against the purchase of a put option on the same underlying asset at the same maturity?
-
On June 10, 20X8, Game Corporation acquired 60 percent of Amber Companys common stock. The fair value of the noncontrolling interest was $32,800 on that date. Summarized balance sheet data for the...
-
What is the area of the shaded section in the following geometric shape? (Hint: Using the given measurements for the larger shape, you can determine the base and height to use for the smaller shaded...
-
Quigley Corporations trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below. Unrecorded transactions and adjustments: 1....
-
The following is an extract from Richard's trial balance at 28 February 2015. Inventory at 28 February 2015 was valued at $24,100. Required Prepare an extract from Richard's income statement for the...
-
Prepare a bank reconciliation statement from the following information, clearly identifying the balance as per the bank statement. Debit balance as per cash bock 1 898.34 Unpresented cheques 537.44...
-
How does competition in services delivered in the browser on desktop computers differ from those delivered via smartphone app?
-
88.Burger King has become known for launching edgyand often riskyadvertising and social media campaigns. How might Burger King use sentiment analysis to gain insights into consumers' reactions to a...
-
Have you ever taken part in or witnessed a "courageous conversation" at work? What did you learn from that experience? Whether you have taken part or witnessed a "courageous conversation" what steps...
-
Evaluate the maritime transport operation cost in terms of fixed cost such land for port terminals, cargo handling equipment and ship and in operation cost in maintained, fuel ,labor, port charges?
-
Political activist Theodor Herzl is often associated with what movement?
-
VisitScotland is a Non-Departmental Public Body, reporting to the Scottish Government. It is a national organisation with 14 VisitScotland Network Offices and over hundred Tourist Information...
-
An article in the New York Times states, "On Aug. 15, 1971, President Nixon unhitched the value of the dollar from the gold standard." Is the author of this article correct that the United States...
-
Create a data model for one of the processes in the end-of-chapter Exercises for Chapter 4. Explain how you would balance the data model and process model.
-
The trend in state income taxation is for states to adopt a version of the unitary theory of multijurisdictional taxation in their statutes and regulations. a. Explain why some states are attracted...
-
Evaluate this statement: An S corporation can facilitate the meeting of its state income tax filing obligations by developing a common spreadsheet that allocates and apportions income among the...
-
Create a PowerPoint outline describing the major exemptions and exclusions from the sales/use tax base of most states. Use your slides to discuss this topic with your accounting students' club.
-
On January 1, Davis issued $800,000 in 10 year, 7% bonds. The bonds were priced to yield 9%. Interest payments are made on June 30 and December 31. Make all necessary entries for 2022 through Dec....
-
Original Schedule Bracket (0) SS $ $ $ 132,900.00 Rate (1) 132,900.00 12.40% 0.00% New Schedule Bracket Rate (0) (1) S - $ 132,900.00 12.40% $ 132,900.00 $ 250,000.00 0.00% SS $ 250,000.00 $...
-
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 1) Low-volume products often require more special handling than high-volume products.. 2) When overhead is properly...
Study smarter with the SolutionInn App