Please discuss the use of double entry principle and journals at your work place. Compare and contrast

Fantastic news! We've Found the answer you've been seeking!

Question:

Please discuss the use of double entry principle and journals at your work place. Compare and contrast what is done at your work place to what you have learned from Accounting books.

Related Book For answer-question

Quantitative Analysis for Management

ISBN: 978-0132149112

11th Edition

Authors: Barry render, Ralph m. stair, Michael e. Hanna

See More Books

Posted Date: Sep 28, 2020 05:00 PM

See More Questions

Discuss the use of dummy variables in regression analysis.
Discuss the use of throughput. What does it measure?
Discuss the use of slice-of-life execution techniques in advertising. For what types of products and services might this execution technique work best?
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years...
Prove Theorem 11.4.12.
Why are each of the following considerations an ERP software important? a. Ease of use. b. Complete integration. c. Data reliability.
Consider the simple linear regression model for the baseball data using Team ERA as the predictor. Find the value of the PRESS statistic and the $R^{2}$ based on PRESS for this model. What...
1. How is software adding value to automakers products? 2. How are the automakers benefiting from software- enhanced cars? How are customers benefiting? 3. What value chain activities are involved in...
(a) Setup the simulation environment as shown in Fig. 3. Explain the direction of the field on the surface of the sphere. (b) Calculate the location of the image inside the sphere and compared the...
A 12.75-year maturity zero-coupon bond selling at a yield to maturity of 8% (effective annual yield) has convexity of 150.3 and modified duration of 11.81 years. A 30-year maturity 6% coupon bond...
PART III: Evaluate the following problem? TIPS: 10 1. A block of 600gm of cheese sits on a level table as shown. The force of friction between the cheese and the table is 2.9 N. Three strings are...
Bharti Investments Ltd. holds 8000 shares of Phonetel Corporation Ltd. It acquires 7000 shares of Subharti Ltd. from Idea Investments Ltd. in exchange for these shares. Determine the cost of shares...
Refer to Exercise 1 of Usha Corporation Ltd. The company had intended to keep the shares as current investments. However, looking at the long-term prospects of Bhonsle, it now wants to reclassify...
In May 2004, Veeru Travels Ltd. promoted Basanti and Veeru Tonga Travels Ltd., an unlisted joint venture company in association with Basanti Tonga Ltd. It invested Rs. 2.50 crores by way of its...
Refer to the extracts from the annual report 20002001 of Indo Rama Synthetics (India) Limited regarding qualifications in its auditors report, managements viewpoint and directors explanations on...
Suppose you were a: a. Shareholder b. Prospective investor c. Investment adviser d. Corporate raider e. Senior employee f. Lending institution: Already having lent Approached to lend g. Supplier h....
Kimberly started as an intern for Splish Enterprises last month, and this is the first time she is able to see how the joint process costs are initially determined and how they are subsequently...
As long as we can't lose any money, we have a risk-free investment." Discuss this comment. Q2: Both investing and gambling can be defined as "undertaking risk in order to earn a profit." Explain how...
Hicourt Industries is a commercial printing outfit in a medium-sized town in central Florida. Its only competitors are the Printing House and Gandy Printers. Last month, Hicourt Industries had...
Market Researchers, Inc., has been hired to perform a study to determine if the market for a new product will be good or poor. In similar studies performed in the past, whenever the market actually...
The following costs have been estimated for the activities in a project: (a) Develop a cost schedule based on earliest start times. (b) Develop a cost schedule based on latest start times. (c)...
The average tax rate on a corporate income of $\$ 87,000$ is closest to which of the following? a. 15 percent b. 20.5 percent c. 25 percent d. 34 percent
True or False: If investment capital is borrowed, the income tax rate equals $40 \%$, the after-tax MARR is $12 \%$, and the loan rate is $10 \%$, then it is best to repay the loan using Plan 4.
Calculate the corporate income tax for each of the following corporate taxable incomes. For each, determine the effective (average) tax rate and the marginal tax rate. a. $22,000 b. $93,000 c....

Please discuss the use of double entry principle and journals at your work place. Compare and contrast

Question:

Expert Answer:

The Double Entry Principle and Journal is starting phase of where all the accounting of work place b... View the full answer

Quantitative Analysis for Management

Students also viewed these business communication questions