Difference between Salaries and Wages

  • Autor de la entrada:
  • Categoría de la entrada:Bookkeeping
  • Comentarios de la entrada:0 comentarios

So, if clients pay with a check or credit card, accrual accounting allows business owners to record the amount as money in. Similarly, if a business expenses something, it can…

Continuar leyendo Difference between Salaries and Wages

Control Accounts

  • Autor de la entrada:
  • Categoría de la entrada:Bookkeeping
  • Comentarios de la entrada:0 comentarios

So, it will tell you the total collections and total receivables you owe from your customers. Simply put, as you know in large organizations there are numbers of customers as…

Continuar leyendo Control Accounts

Davis Polk Rescinded Job Offers for Columbia and Harvard Students, but It May Reverse Itself The New York Times

  • Autor de la entrada:
  • Categoría de la entrada:Bookkeeping
  • Comentarios de la entrada:0 comentarios

The Board issued an amended IAS 1 in September 2007, which included an amendment to the presentation of owner changes in equity and comprehensive income and a change in terminology in…

Continuar leyendo Davis Polk Rescinded Job Offers for Columbia and Harvard Students, but It May Reverse Itself The New York Times

SOLVED: Which of the following statements is true about a general ledger?It is also called the book of original entry It is a list of all the active accounts and each account’s debit or credit balance of a company.It is the collection of all the individual financial statement accounts that a company uses.It is used to prove the equality of debits and credits.

  • Autor de la entrada:
  • Categoría de la entrada:Bookkeeping
  • Comentarios de la entrada:0 comentarios

In contrast, regular entries are made as and when transactions occur. If, for example, you receive a $20,000 research grant that you don’t have to pay back, you just note…

Continuar leyendo SOLVED: Which of the following statements is true about a general ledger?It is also called the book of original entry It is a list of all the active accounts and each account’s debit or credit balance of a company.It is the collection of all the individual financial statement accounts that a company uses.It is used to prove the equality of debits and credits.