What advantages do accounts payable journals and accounts receivable journals have over a general journal?
Question:
What advantages do accounts payable journals and accounts receivable journals have over a general journal?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
Accounts payable journals and accounts receivable journals have specific advantages over using a general journal for recording transactions related to payables and receivables These advantages stem fr...View the full answer
Answered By
User l_998468
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms.
I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs.
I am passionate about teaching and helping students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Fundamental Accounting
ISBN: 9781485112112
7th Edition
Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit
Question Posted:
Students also viewed these Business questions
-
5. Consider a message that is 10 Mbits long that is to be sent from source to destination as shown in figure 1. Suppose each link in the figure is 2 Mbps. Ignore propagation, queuing, and processing...
-
During September 2016, Interior Designs Specialty Shop, a retail store, had the transactions listed on pages 320-321. The general ledger accounts used to record these transactions are provided shown...
-
Scallion Ltd uses subsidiary ledgers for Accounts Receivable and Accounts Payable only. The company is registered for GST at the rate of 10% and is required to pay GST on its purchases and to collect...
-
You make a one-time investment of $400 and leave it for 5 years, earning an annual interest rate of 7%. How much interest will you have earned after 5 years? If you leave the entire amount in your...
-
List causes that could lead to a fixed overhead spending variance?
-
HOW IS TECHNOLOGY REDUCING COSTS OF SUPPLY CHAIN TRANSACTIONS? LO.1
-
Find the probability that a student is an undergraduate student, given that the student received a plus grade.
-
Mark, age 28, is insured under an individual medical expense policy that is part of a preferred provider organization (PPO) network. The policy has a calendar-year deductible of $1000, 75/25 percent...
-
Please help me solve this problem. I will give many reward points to those who can answer all questions. All questions are already posted. Thank you. Case 8-1 Norman Corporation (A)* Until 2010,...
-
Narend Singh is a wholesaler trading as Singhs Wholesalers. The business uses the periodic inventory system to account for its inventory. All transactions were on credit. Transactions for February: 1...
-
1. Why is it necessary for a business to keep personal accounts of accounts receivable and accounts payable in subsidiary ledgers? 2. Why do entries in personal accounts not form part of the...
-
Interpreting a Profit Graph Look at the given profit graph. Which one of the following sets of labels correctly labels items A, B, and C in the profit graph? a. A: Area of loss; B: Break-even point;...
-
In your opinion, do you feel the Six Pillars apply primarily to business-to-consumer marketing, business-to-business marketing, or both?
-
Place yourself in context; You're working, trying to do well, running into all sorts of organizational constraints. First, describe a scenario to illustrate one of the eight organizational...
-
what ways do mindfulness-based stress reduction (MBSR) techniques contribute to reducing stress, and what are their limitations ?
-
How do search engines understand "user experience" to evaluate organic rankings?
-
How do you think a risk manager might work through a difference of opinion with a unit manager? Explain in details.
-
When you look at the night sky, some stars are brighter than others. Can you correctly say that the brightest stars emit more light? Defend your answer.
-
Digital Fruit is financed solely by common stock and has outstanding 25 million shares with a market price of $10 a share. It now announces that it intends to issue $160 million of debt and to use...
-
What two common benchmarks can be used to evaluate actual performance? Which of the two is generally more useful?
-
What is the benefit of continuous budgeting?
-
What is the benefit of continuous budgeting?
-
Series of Compound Interest Techniques The following are several situations involving compound interest. Required: Using the appropriate table, solve each of the following: ( Click here to access the...
-
If Clark Kelly has recognized gain on an exchange of like-kind property held for investment use, where does Clark report the gain? First on Form 8824, then carried to Schedule D. First on Form 8824,...
-
An investor put 40% of her money in Stock A and 60% in Stock B. Stock A has a beta of 1.2 and Stock B has a beta of 1.6. If the risk-free rate is 5% and the expected return on the market is 12%,...
Study smarter with the SolutionInn App