Ledger Study guides, Class notes & Summaries

SITEWORK, FOOTING, AND FONDATIONS FIRST SECTION A foundation drain shall extend past the outside edge of the footing at least how far? 12 inches What are batter boards? Stakes and ledger boards marking building lines. What is the purpose of a cove or can't strip at a foundation joint? Deflect water from the foundation wall. What is the MINIMUM overlap for the joints in the polyethylene film moisture barrier applied over the exterior of a below grade foundation wa...

Peregrine Exam(question with correct answers 100%)2023 updatedWhat is a general ledger? - correct answer A general ledger account is an account or record used to sort, store and summarize a company's transactions. asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment liability accounts including Notes Payable, Accounts Payable, Accrued Expenses Payable, and Customer Deposits stockholders' equity accounts such as Common Stock, Retained Earnings, Tr...

SOLUTIONS MANUAL / Test Bank for Financial Accounting Fundamentals, 8th Edition, By John Wild. ISBN13: 9781260728606 Updated A+ CONTENTS 1 Accounting in Business Importance of Accounting Users of Accounting Information Opportunities in Accounting Fundamentals of Accounting Ethics—A Key Concept G enerally Accepted Accounting Principles Conceptual Framework Business Transactions and Accounting Accounting Equation Transaction Analysis Summary of Transactions Financial Statements Income Statement ...

Revenues - Answer-Gross increase in equity from a company's business activities that earn income; also called sales. Expenses - Answer-Outflows or using up of assets as part of operations of a business to generate sales. Accounts Receivable - Answer-Amounts to be received in the future due to the sale of goods or services Accounting Equation - Answer-Assets = Liabilities + Equity Income Statement - Answer-describes a company's revenues and expenses along with the resulting net income or ...

A balance sheet summarizes the firm's CORRECT ANSWER assets, liabilities, net worth Owner's equity refers to the CORRECT ANSWER interest in or claim on the assets of the business The ledger is a book of CORRECT ANSWER individual accounts to which debits and credits are posted from the book of original entry Amortization is CORRECT ANSWER declining proration of added cost The process of transferring financial data from the journal to the ledger is called CORRECT ANSWER posting Pa...

Solicitors Accounts Exam Ready 'Cheat Sheet' Contains a table explaining the ledger entries for each transaction in the exam; Multiple Choice Questions with Answers; and Short Answer Questions with Answers!

Which asset is most liquid (in accounting sense) - Cash The account, Sales returns and allowances, represents... - returned mechandise ABC offers 2/10 net 20. Which means... - The customer can take a 2 % discount if they pay in 10 days When goods or services are sold from one business to another on credit or sales are recorded at the gross amount, a sales discount.... - 1) Is offered so that the customer will pay the bill promptly 2) Is recorded as a contra-asset in sales The direct write ...

FAC1502 ASSESSMENT 3 SEMESTER 1 2024_SEARCHABLE Complete the trade receivables account in Fani's Trading's general ledger for the month ending 31 January 2024. To determine the closing inventory amount when an entity uses the periodic inventory system, a physical inventory count does not need to be performed at the end of the financial period A profit on sale of a motor vehicle is recorded when the motor vehicle is sold for more than its carrying value. A receipts and payments sta...

Learn2Serve Food Manager Certification Knowledge Check with correct Answers |Latest 2024/2025 Thawing food can be part of the cooking process if ️ cooked to the requirements of the FDA food code Foodborne Pathogens easily transmitted through food ️ Salmonella, Shigella, Norovirus, E Coli, Hepatits A, Clostridium Botulinum Salmonella - Cause ️ Can be found on any food item exposed to animal waste Salmonella - Infection ️ immediate, develops within 12-72 hours and lasts 4-7 days S...

Oracle General Ledger Certification Exam 2024...