From your knowledge of accounting, how should ail accruals and all the prepayments appear in the statement
Question:
From your knowledge of accounting, how should ail accruals and all the prepayments appear in the statement of financial position - as one debit entry and one credit entry or as a separate entry for each item? Why?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
All the debit entries should be added together and shown as one entry called prepayments withi...View the full answer
Answered By
Joel mwangi
Greetings! I am a highly qualified and dedicated tutor with a passion for instilling a love for the sciences in my students. Holding a Master's degree in Chemistry, I bring over a decade of enriching experience in teaching both Biology and Chemistry at higher levels. My academic background has equipped me with a deep understanding of the subject matter, allowing me to foster a dynamic and engaging learning environment.
My expertise extends beyond traditional classrooms, as I have successfully navigated the realm of online tutoring for over 5 years. This experience has honed my ability to adapt to diverse learning styles and create personalized approaches that cater to individual needs. I find immense joy in breaking down complex scientific concepts into digestible, easy-to-understand components, ensuring that my students not only grasp the material but also develop a profound appreciation for the subject matter.
Beyond the confines of the laboratory, my interests span across both physical and social sciences. This broad perspective allows me to connect seemingly disparate ideas, offering a holistic understanding of the interconnectedness of various scientific disciplines. I am not only a teacher but also a lifelong learner, continuously seeking new ways to enhance my own knowledge and share these insights with my students.
One of my standout skills lies in my mastery of various writing formats. This proficiency enables me to guide students not only in understanding scientific principles but also in expressing their ideas eloquently in both oral and written forms. I firmly believe that effective communication is paramount in the learning process, and I strive to empower my students with the skills necessary to articulate their thoughts with clarity and precision.
My commitment to excellence is reflected not only in my academic qualifications and teaching experience but also in my high proficiency in the English language. Clear communication is the cornerstone of effective teaching, and I ensure that my students are equipped with the language skills needed to excel in their academic pursuits.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9781292084664
13th Edition
Authors: Alan Sangster, Frank Wood
Question Posted:
Students also viewed these Business questions
-
The following relates to a magazine company called My Style Mag (MSM). You will use your understanding of the relationships among: (1) business activities, (2) accounting equation effects, (3)...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-4. Ivan and Irene paid the following in 2012 (all by check or can otherwise be...
-
Choose the best answer. 1. Government financial reports should be useful in assessing a governments accountability. Three objectives of government financial reporting identify how financial reporting...
-
As speed increases for an object in free fall, does acceleration increase also?
-
What are some of the implications as far as human resource management is concerned? How can the group members better manage the consensus building to present an undivided front to Excelsior?
-
Besides the frauds introduced in the above paragraphs, what other types of frauds against corporations can individuals perpetrate?
-
Air moves into the lungs when (a) the diaphragm contracts and flattens and the rib cage moves down and into the chest. (b) the diaphragm contracts and flattens and the rib cage moves up and out from...
-
Theory of constraints, throughput contribution, quality, relevant costs. Aardee Industries manufactures pharmaceutical products in two departments: Mixing and Tablet-Making. Additional information on...
-
Personal Reflective report on Coaching and Mentoring what is coaching and mentoring? own experience of coaching and mentoring Any skills you might have in coaching Discuss how you can utilize this...
-
W. Hope's year ended on 30 June 2015. Write up the ledger accounts, showing the transfers to the financial statements and the balances carried down to the next year for the following: (a) Stationery:...
-
The financial year of S. Smith ended on 31 December 2013. Show the ledger accounts for the following items including the balance transferred to the necessary part of the financial statements, also...
-
A company has outstanding 20-year non-callable bonds with a face value of $1,000, an 11% annual coupon, and a market price of $1,294.54. If the company was to issue new debt, what would be a...
-
All major airlines are faced with the issue of highly volatile oil price as jet fuel is the second largest expense in the airline industry. In order to better manage its operating costs, for example,...
-
Business entities are often looking at ways to identify tax incentives that benefit their companies. Cost-benefit analysis can be used to help determine the potential impact of changes a company is...
-
5. Rotation of the arm PO is controlled by the horizontal motion of the vertical slotted link. If x = 4 ft/sec and x = 30 ft/sec when x = 2 in., determine and # for this instant. 0 x- A 0 4" P
-
1. A train at time to has initial position (to) = ro, and initial velocity of (to) = voy. At time to, it starts breaking, with its deceleration described by a(t) = -At, with A being a constant. a....
-
Harton Company, a retailer, had cost of goods sold of $ 2 5 0 , 0 0 0 last year. The beginning inventory balance was $ 1 0 , 0 0 0 and the ending inventory balance was $ 1 2 , 0 0 0 . The company's...
-
It takes a force of S3 kN on the lead car of a 16-car passenger train with mass 9.1 X 10' kg to poll it at a constant 45 m/s (WI mi/h) on level tracks. (a) What power must the locomotive provide to...
-
Suppose Green Network Energy needs to raise money to finance its new manufacturing facility, but their CFO does not think the company is financially capable of making the periodic interest payments...
-
Discuss consumer behaviour as afield of study in your own words? Justify your opinion on the impact on consumer behaviour in relation to shopping at Woolworths. Let our customers down': Woolworths...
-
You invest $4,000 and earn $972 over 24 months. What nominal rate of annual interest (compounding monthly) did you earn? (expressed as a percentage to two decimal places; don't use the % sign) Answer:
-
1. Two investments have the following pattern of expected returns: Investment A Year 1 2 3 4 4 (Sale) BTCF $5,000 $10,000 $12,000 $15,000 $120,000 Year 1 2 Investment B 3 4 4 (Sale) BTCF $2,000...
Study smarter with the SolutionInn App