Indicate the types of transactions that are recorded in the general journal when special journals are used.
Question:
Indicate the types of transactions that are recorded in the general journal when special journals are used.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
When special journals are used in accounting certain types of transactions are not recorded in the specialized journals and instead are recorded in th...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
Financial Accounting Reporting, Analysis And Decision Making
ISBN: 9780730363279
6th Edition
Authors: Shirley Carlon
Question Posted:
Students also viewed these Business questions
-
Now that you have reviewed information about Hi-Fi Way, you are ready to begin the first step in the accounting cycle, recording transactions. On this page of the practice set, you are asked to...
-
Now that you have reviewed information about iCandy, you are ready to begin the first step in the accounting cycle, recording transactions. On this page of the practice set, you are asked to record...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Energy of the emitted photon when an L-electron drops into the k-state in copper (z = 29) is -1 use R=109737 cm, cm =1.23910eV] 7994.6 eV 1094.6 eV 1293.6 eV 1097.3 eV
-
A water sample is found to have 0.016% deuterium content (that is, 0.016% of the hydrogen nuclei in the water are 2H). If the fusion reaction (2H + 2H) yields 3.65 MeV of energy on average, how much...
-
What theorem can you use to show that the quadrilateral is a parallelogram? # +
-
Take the position of the city manager who is responsible for both support-service and production departments. Which of the four principles of cost allocation identified do you think is most...
-
Imax Corporation is a large entertainment technology company, with headquarters in New York and Toronto, and theatres worldwide. Its share price, which was as high as Can.$ 13.89 on the Toronto Stock...
-
these all questions examples will help you to solve questions. all the answers are in pic one, you just have to find according to page 2 questions, and please show all the work step-by- step. hooe it...
-
Which statement is incorrect regarding the general journal? (a) Only transactions that cannot be entered in a special journal are recorded in the general journal. (b) Transactions are initially...
-
A cash receipts journal is used for: Credit sales Cash sales Discount allowed (a) yes no (b) (c) yes (d) yes yes no yes yes yes
-
The question How might we find a way to make use of DVDs and other physical media as users adopt streaming services for films and television over time? is an example of which form of ideation? A....
-
(b) A cylindrical storage tank with base area 90 m is being filled with water through an entry duct with cross-section area 250 cm, as shown in Figure 3. Concurrently, water is being extracted from...
-
Po A cylinder/piston arrangement contains 5 kg of water at 100 C with x= 20%. Initially the piston of mass m, 75 kg rests on a set of stops (see figure). The outside pressure is 100 kPa, and the area...
-
TABLE 2 Present Value of an Annuity of $1 n 123456 8% 9% 0.925926 0.917431 4 7 8 9 10 11 12 13 14 15 16 17 11.652296 10.837770 10.105895 9.446649 12.165669 11.274066 10.477260 9.763223 18 19...
-
There are 4 suits (heart, diamond, clover, and spade) in a 52-card deck, and each suit has 13 cards. Suppose your experiment is to draw one card from a deck and observe what suit it is. Express the...
-
Write isotopic symbol of zirconium and how many neutrons are present in one atom of this isotope
-
The claims department at Wise Insurance Company believes that younger drivers have more accidents and, therefore, should be charged higher insurance rates. Investigating a sample of 1,200 Wise...
-
For each of the following transactions, indicate whether it increases, decreases, or has no effect on the following financial ratios: current ratio, debt-to-equity ratio, profit margin ratio, and...
-
1) Before month end adjustments are made, the December 2022 trial balance of Entity I contains revenue of $13,000 and expenses of $9000 resulting in income before adjustments of $4000, Indicate...
-
Buffalo Corporation owned a manufacturing facility. Buffalo had purchased the building for $11,400,000, and had recorded $5,040,000 depreciation on the facility. On January 1, 2020, Buffalo sold the...
-
Market conditions may force a company to issue its bonds at less than the face value of the bonds. The Discount on Bonds Payable account is used in this situation. This account is O A. a contra...
Study smarter with the SolutionInn App