解析：题干解读：Suspense account显示有Credit balance of $1500，说明Dr方比Cr方多了1500 ，题目询问造成Dr比Cr方多1500的原因是什么?A. Cash account在trial balance中应该记在Dr方，Dr方漏记了1500 ，导致Cr方比Dr方多了1500 ，与题意不符。B. Accrual在trial balance中应该记在Cr方，但是记到...
Job Description: Handle full set of accounts & experience in consolidation of accounts. Assist in IPO submission & ERP system migration. Monitor bank balances to ensure inflow & outflow cash book are updated daily. Prepare journal entries for accrual, prepayment, provision, de...
FIFO vs. LIFOAverage Cost MethodWork in Progress (WIP) Accrual Accounting Terms Contra AccountContra Liability AccountAllowance for Doubtful AccountsBad DebtRestricted CashNon-Controlling Interest (NCI)Capital Lease Table of Contents What is Contra Account? How Does a Contra Account Work in Account...
Memo, Check #, Pmt Method: Blank Amount: $xxx.xx Cash Back To fields are all blank. Sorry for the confusion and thank you for the help. Kendra H QuickBooks Team April 27, 202002:08 PM Hi there,@LNS. Thanks for reaching out to the Community. ...
Monitor bank balances to ensure inflow & outflow cash book are updated daily. Prepare journal entries for accrual, prepayment, provision, depreciation and etc. Prepare audit schedules for Balance Sheet items – fixed assets, sales prepayment, provision, etc. Review monthly ...
Balance computation method –We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Accrual of interest on deposits –For all types of non-cash deposits, interest will begin to accrue no ...
Accrual of interest on deposits: For all types of non-cash deposits, interest will begin to accrue no later than the next business day following the banking day on which the funds were deposited. For cash deposits, interest will begin to accrue the same day on which the funds were deposited...
Answer and Explanation:1 Correct Answer:Accounts receivable. Explanation: As per the accrual basis, we recognize revenue when it is earned and not when cash is received...
entry of an asset account translates to an increase to the account, while the right side of the asset T-account represents a decrease to the account. This means that abusiness that receives cash, for example, will debit the asset account, but will credit the account if it pays out cash....
Most withdrawals from call deposit accounts do not require prior notice unless they are over a certain amount. Based on the amount of funds an institution must maintain as a reserve, notice may be required for large cash withdrawals. Additionally, institutions may have daily withdrawal limits desig...