What are (a) The book of original entry (b) The book of final entry?
Question:
What are
(a) The book of original entry
(b) The book of final entry?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
a The book of original entry is the jou...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-1259105692
6th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel G Short, George Kanaan, Maureen Sterling
Question Posted:
Students also viewed these Business questions
-
Why is the general journal referred to as the book of original entry? How are transactions presented in the journal?
-
The general ledger is the major book of original entry because it is more essential than the general journal. Do you agree? Explain.
-
A general journal is often called a book of original entry. Why?
-
You and your spouse have earned salary and wages of $41,750. In addition you have municipal bond interest income of $600 and savings account and certificate of deposit interest income of $800. You...
-
The following reaction was described as the cause of sulfur deposits formed at volcanic sites (see p. 780): 2H2S(g) + SO2(g) 3S(s) + 2H2O(g) It may also be used to remove SO2 from power plant stack...
-
How much should Town record in 20X6 for contributed service expenses? a. $0 b. $1,200 c. $10,000 d. $12,000 Town Service Center is a voluntary health and welfare organization funded by contributions...
-
Describe three ways of preventing confl ict.
-
Super Sales Company is the exclusive distributor for a high-quality knapsack. The product sells for $60 per unit and has a CM ratio of 40%. The companys fixed expenses are $360,000 per year. The...
-
When a misstatement is material but does not overshadow the financial statements as a whole which opinion is appropriate.
-
Allie has bought a new apple orchard. The orchard has a single file of trees, numbered from 1 to N. Each tree has a certail number of ripe apples. Allie has a rule she wants to follow. She wants to...
-
Mobile Services Inc. provides wireless communications services to a variety of customers. The following information relates to the company's investments in SAS in 2018 and 2017: Required 1.?Compute...
-
Define journal. What is its purpose?
-
How to determine whether to develop an IRS, ICD, and/or IDD?
-
a) Describe the following concepts in the context of organizational development. b) Discuss how these concepts interrelate and support each other within an organizational framework
-
Q2. a) Analyze the importance of communication in the change management process. b) Suggests strategies that a Disaster Management Organization can employ to ensure effective communication during...
-
Q3. a) Explain the following Change Management Models
-
Q3. b) Discuss how each model can be applied in real-world organizational change scenarios.
-
In this question, you will work step-by-step through an optimization problem. A craftsman wants to make a cylindrical jewelry box that has volume, V, equal to 55 cubic inches. He will make the base...
-
BioWares year-end unadjusted trial balance shows accounts receivable of $17,000 and sales of $150,000. Uncollectibles are estimated to be 2% of sales. Prepare the December 31 year-end adjusting entry...
-
In Exercises 516, find the focus and directrix of the parabola with the given equation. Then graph the parabola. y 2 = 4x
-
(a) The steps in the accounting cycle for a merchandising company are different from the accounting cycle for a service company. Do you agree or disagree? (b) Is the measurement of net income for a...
-
How does income measurement differ between a merchandising and a service company?
-
Distinguish between FOB shipping point and FOB destination. Identify the freight terms that will result in a debit to Merchandise Inventory by the purchaser and a debit to Freight-out by the seller.
-
What information may an Appeals Officer not consider when reviewing a taxpayer's case? Select one: a. The cost involved for the IRS to hire an expert witness for litigation. b. Litigation hazards...
-
Carla Vista Cart Inc. has the following information for 2026 : The rate of return on assets Carla Vista Cart Inc. is 81.06%17.27%30.58%14.00%
-
A man wishes to borrow 100$ for two years using the sinking fund method. He pays interest annually, at an annual effective interest rate of 5%. Construct a sinking fund schedule if he replaces the...
Study smarter with the SolutionInn App