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: 55% (9 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...
-
List five characteristics associated with capital expenditure?
-
Which of the symbolic representations in Figure 2-25 indicate that a file has been consulted? Figure 2-25 [a] [b] [c] [p]
-
The production department in a process manufacturing system completed 191,500 units of product and transferred them to finished goods during a recent period. Of these units, 31,500 were in process at...
-
Psi Corporation's Chief Financial Officer reviews the responsibility reports from all of the center managers. He tends to mainly intervene with the center managers when he discovers a problem. What...
-
A balanced three phase load of 30 MW is supplied at 132 kV, 50 Hz and 0.85 lag by means of a transmission line. The series impedance of a single conductor is (20+j40) ohms and the total phase-neutral...
-
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?
-
Should metrics for computer performance be linear or non-linear? For example, if a linear metric has a value X, the metric 2X would imply twice the performance , whereas if the metric were...
-
Five cans are measured from the recent output of a high-speed bottling line. The weights of each of these cans are 12.23, 12.55, 12.01, 12.26, and 12.17 ounces. What is the range in this sample of...
-
Give two reasons why modal analysis should be used before using numerical integration of the convolution integral. Regarding the derivation of modal analysis for a system with a general damping...
-
Give two reasons why modal analysis is convenient to use before solving a system using the Runge-Kutta method. Regarding the derivation of modal analysis for a system with a general damping matrix.
-
The modal matrix \(\tilde{\mathbf{P}}\) is defined as the matrix whose columns are normalized by ___________. . Regarding the derivation of modal analysis for a system with a general damping matrix.
-
Five cans are measured from the recent output of a high-speed bottling line. The weights of each of these cans are 12.23, 12.55, 12.01, 12.26, and 12.17 ounces. What is the mean weight of this sample...
-
Determine the structure of a compound with molecular formula C 5 H 10 O that exhibits the following broadband-decoupled and DEPT-135 spectra. The DEPT-90 spectrum has no signals. Broadband-decoupled...
-
In Problems 718, write the augmented matrix of the given system of equations. f0.01x0.03y = 0.06 [0.13x + 0.10y = 0.20
-
(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.
-
L. (4) IF WACC3 HAD BEEN 18.5 PERCENT RATHER THAN 12.8 PERCENT, BUT THE SECOND WACC BREAK POINT HAD STILL OCCURRED AT $1,000,000, HOW WOULD THAT HAVE AFFECTED THE ANALYSIS?
-
Green River Company issued 10,000 shares of $1 par common stock for cash of $40 per share. Which ONE of the following should be included in the journal entry necessary to record the issuance of these...
-
The following table shows the nominal returns on Brazilian stocks and the rate of inflation. Year Nominal Return ( % ) Inflation ( % ) 2 0 1 5 0 . 1 6 . 2 2 0 1 6 - 1 4 . 0 6 . 3 2 0 1 7 - 1 2 . 0 6...
Study smarter with the SolutionInn App