Accounting concepts and principles are also known as accounting standards that are widely used internationally and uniformly followed by every organization to properly recognize transactions in accordance to set standards.Answer and Explanation: Accrual accounting is an underlying concept in accounting ...
Explain accounts payable accounting using a real example and general ledger accounts. Explain accounting adjustments and accounting cycle. Briefly explain the nature of accounting. Describe the accounting equation and each of its parts. Describe the users and uses of accounting. How do accounting p...
what does airplane shares in common with ledger? Captain (which sounds exactly like accounting in Japanese) kamatoma2 30 lug Giapponese 飛行機とかけまして、通帳ととく、その心は 機長(記帳)が大切です。 これは日本語の言葉遊びです。
The chart of accounts is a listing of all the accounts in the general ledger, each account accompanied by a reference number. The chart of accounts lists the accounts that are available for recording transactions. In keeping with thedouble-entry systemof accounting, ...
17. Distinguish between ledger and journal. 18. Classify the following financial items into Real, Nominal and Personal Accounts Financial AccountingMechanics of Recording TransactionsRamana, XIMB 42 Financial Items Capital Cash Outstanding Salary Customer Salary paid UTI Bank Rent received Infosys ...
Describe how accounts receivable arise and how they are accounted for, including the use of a subsidiary ledger and an allowance account. Define debits and credits and explain how they are used to record business transactions. Is it true that ...
Home Interview Questions Accounting General Ledger What are PTD, QTD and YTD? ExplainInterview Candidate May 18th, 2007 2 101311 General Ledger Answer First Prev Next Last Showing Answers 1 - 2 of 2 AnswersArun K Rajan Aug 1st, 2007 period to date for ex - can be same as YTD if ...
Variance analysis in budgeting or management accounting in general is a tool of budgetary control by evluation of performance by means of variance between budgeted amount, planned amount or standard amt and the actual amt incurred/sold. Variance can be carried out for both revenue & cost. Varian...
Figure C-11 General Ledger Post, General Accounting report Description of "Figure C-11 General Ledger Post, General Accounting report" For journal entries, the system posts the entire $150 VAT to the first tax authority in tax rate/area AREA1.C.5 V+ VAT (calculated as a tax on a tax)...
Fixed Cost is the cost which remains constant ...Variable Cost is the cost which varies directly in proportion ...Semi-variable Cost is the cost which is neither fixed nor variable in nature