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Newest Accounting Questions

1. Andrew a senior accountant was holding a meeting with other accountants and his firm the junior accountants asked what tax
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2. What is a permanent accounting
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3. GNU Manufacturers produce toys. The following information is available for the toy.Selling price per unit R80 Variable cost per
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   2. asked by pule
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4. The following sales and cost data are provided:Direct materials used R150 000 Direct labour R200 000 Overheads (all indirect,
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   2. asked by pule
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5. Electronics completed stock issuance transactions. Prepare the journal entries to record these transactions. Explanations are
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6. How a company records or​ doesn't record a contingent liability is based on one of which three likelihoods that an event will
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7. 8 of 158 of 15 ItemsQuestion Tucker’s accounting company gathers information about its clients, such as their names,
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8. . Record the transactions in the general journal. ​(Record debits​ first, then credits. Select the explanation on the last
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9. Is a packaging cost a variable cost or fixed cost
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10. What part of the accounting cycle checks to see that the amount of money the business is spending is equal to the amount of
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    2. asked by lol
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11. What part of the accounting cycle is basically a compilation of all of the journal entries for every account the company has
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    2. asked by lol
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12. Imagine the accounting team forgot that your company had to pay property taxes on its warehouse. Assuming the tax bill hasn’t
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    2. asked by lol
    3. 18 views
13. What is an example of a transaction that would be a step in an accounting cycle? tracking employee’s sick days paying for
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    2. 21 views
14. Furniture began June with merchandise inventory of 47 sofas that cost a total of $ 34310. During the​ month, Town Furniture
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15. Which of the following inventory costing methods uses the cost of the oldest purchases to compute the cost of goods​ sold?
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16. Which of the following inventory costing methods yields the highest net income during a period of rising inventory​ costs?
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17. A company purchased 100 units for $ 40 each on January 31. It purchased 150 units for $ 35 each on February 28. It sold a total
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18. A company that uses the perpetual inventory system sold goods to a customer on account on June 16 for $ 27. The company has the
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19. Weston Jewelers uses the perpetual inventory system. On April​ 2, Weston sold merchandise with a cost of $ 8059 for $ 14103 to
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20. Fancy Clothing Store made a sale for​ $2,000 and the customer used a credit​ card, the cost of these goods was​ $1,200.
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21. A company sold merchandise with a cost of​ $500 for​ $2,000 on account. The seller uses the perpetual inventory system. The
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22. Which of the following entries would be made to record the purchase of inventory on account for​ $12,000, if a company uses
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23. Journalize: Recorded credit card sales of $110,000 net processor fee of 2%
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24. Daniels print shop purchased a new printer for $35,000. each year it depreciates at a rate of 5%which formula can be used to
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25. Why is important for Accountants(3)
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26. Why is the accounting profession under threat
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27. Why temporary accounts need to be closed in accounting period
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28. GAAP is abbreviation for:The Generally Accepted Accounting Principles The Generally Acquired Accounting Principles General
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29. What is the role of American Institute of Certified Public Accountants (AICPA)?This organization publishes the statements of
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30. Explain the accounting cycle and the need for end of account period adjusing entries
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31. Describe the difference between cash basis and accrual basis accounting
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32. Journalize business receiving 2200 for catering servif3s to a wedding on June 11 but the date is May 29
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33. What part of the accounting cycle is basically a compilation of all of the journal entries for every account the company has
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    2. 24 views
34. .How would your company track sales income in a journal entry in the accounting cycle? recorded as a credit recorded as a debit
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    2. 30 views
35. Suppose a business purchases equipment for ​$17 comma 000 and depreciates it over 5 years with the​ straight-line method
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36. What is the final stage of the accounting cycle?issuing the financial statement adjusting entries posting to the general ledger
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37. what's missing b_ _kkeeper
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    2. asked by Nylah Bido
    3. 22 views
38. Write the meaning of software in accounting. Explain any three advantages of a software system.
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39. Part-l: Workout Questions 1. The Swiss Clock Shop manufactures clocks on a highly automated assembly line It's costing system
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    2. asked by Selam
    3. 21 views
40. in the context of accounting what does CMA stand for?
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41. Is an internal auditor the same thing as a private accountant
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42. The amount of money a firm spent to buy or produce the products it sold during the period to which the income statement applies
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43. What is an example of a transaction that would be a step in an accounting cycle? (1 point) Responses tracking employee’s sick
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    2. 26 views
44. What part of the accounting cycle checks to see that the amount of money the business is spending is equal to the amount of
    1. 1 answer
    2. 30 views
45. How would your company track sales income in a journal entry in the accounting cycle? (1 point) Responses recorded as a credit
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    2. 38 views
46. What part of the accounting cycle provides information for investors or the general public? (1 point) Responses accounting
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    2. 32 views
47. What is the final stage of the accounting cycle? (1 point) Responses issuing the financial statement issuing the financial
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    2. 24 views
48. QuestionHow would your company track sales income in a journal entry in the accounting cycle? (1 point) Responses recorded as a
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    2. 31 views
49. QuestionWhat is an example of a transaction that would be a step in an accounting cycle? (1 point) Responses tracking
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    2. 25 views
50. Imagine the accounting team forgot that your company had to pay property taxes on its warehouse. Assuming the tax bill hasn’t
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    2. 25 views
51. QuestionWhat part of the accounting cycle provides information for investors or the general public? (1 point) Responses
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    2. 26 views
52. 2 of 152 of 15 ItemsQuestion What is the final stage of the accounting cycle? (1 point) Responses issuing the financial
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53. What part of the accounting cycle is basically a compilation of all of the journal entries for every account the company has
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    2. 79 views
54. What part of the accounting cycle checks to see that the amount of money the business is spending is equal to the amount of
    1. 1 answer
    2. 20 views
55. Accounts recognized in current accounts of a partner as per the partnership agreement
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56. Accounting isa. the determination of and the fulfilling of customer needs and desires while achieving the organization’s
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57. What is a ledger
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58. What do you mean by records of regularly conducted business activity
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59. Read the Chapter 12 Case in Point: Samsung: Accounting for Costs and Benefits of Technology and Innovation on Page 370.
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60. Read the Chapter 12 Case in Point: Samsung: Accounting for Costs and Benefits of Technology and Innovation on Page 370. Submit a
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61. discuss the principles of auditing
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62. owner distribution is a(n) ____ Account.liability expense asset equity
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63. Good morning Jido, How are you, i drop the 10Litres Liquid and one empty 10 Litre with you in your office today. Below is total
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    2. asked by Dari b
    3. 32 views
64. Which receipts were missing?All First year’s First two years’ First five years’
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65. write a good chapter two research proposal on title ''current trends in fraud detection and prevention in financial statement
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66. _____ are to _____ as revenue is to expenses.(1 point) Outflows, inflows Payments, pay Fixed expenses, variable expenses
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67. You have been developing a business for this course, so it is time to work on the accounting part of the business. Create two
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68. What are the activities for accounting answer in two or three words
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    2. asked by Lwazi
    3. 26 views
69. Where is the work environment of accounting answer in one word
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    2. asked by Lwazi
    3. 33 views
70. Is bad debt expense part of sales return and allowance
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71. The gross profit of a business is calculated asA. Opening stock + total purchases B. Total expenses - total income C. Total
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    2. asked by Desi Brown
    3. 44 views
72. The following are features of an invoice exceptA. Cheque number of the paying customer B. Description of goods C. Name and
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    2. asked by Desi Brown
    3. 38 views
73. what skills does accounting require?
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    2. 28 views
74. Thomas is an entertainer for children's parties. He runs the business and works the parties himself. He just uses his personal
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75. Sampling of evidence in an audit as a function
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76. Thomas is an entertainer for children’s parties. He runs the business and works the parties himself; he has no debts so the
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77. Role of Accounting in Business, what is Expenses
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    2. asked by KO
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78. the Role of Accounting in Business, what is the purpose of accounting
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    2. asked by KO
    3. 75 views
79. the Role of Accounting in Business, what does the controller do?
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    2. asked by KO
    3. 35 views
80. Controller in accountant
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    2. asked by KO
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81. If she is opening an accounting office, what other factors might be relevant? Your response should be 2–3 sentences in length.
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82. What type of system helps a business track records of income and costs assists with payroll expenses purchasing taxes and
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    2. 63 views
83. What is factory overhead?
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    2. asked by Rose
    3. 38 views
84. Discuss the terms control environment, risk assessment and internal control
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85. What does acquisition means in accounting?
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    2. 42 views
86. Jayla buys and sells vintage clothing. She bought two blouses for $25.00 each and later sold them for $38.00 each. She bought
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    2. 66 views
87. Morty buys and sells computer parts. He bought two monitors for $25.00 each and later sold them for$88.00 each. He bought four
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    2. 64 views
88. Discuss the role of corporate governance in auditing
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89. That money you get from loan, will it become an asset of liability in accounting?
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90. Advertisment would come under which account and which account and which accounting element in accounting?
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91. A small firm rents a factory building for $4,000due at the end of every month. Utilities for the building total $500 and are
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92. 1011 Gorton H. Accounting Assistant Accounting $29,123 2/3/2011Question Multiple Choice Look at the information to complete the
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    2. asked by Hana
    3. 60 views
93. The estimated selling price in the ordinary course of business, less any completion costs and costs of sale is called…?
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    2. asked by Tlokotsi Semela
    3. 61 views
94. Michaela liked learning about the financial aspects of entrepreneurship—including summarizing, interpreting, and communicating
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    2. 51 views
95. Edwin purchases a machine on 8 September 2023 with a list price of RM8,400. The trade discountgiven is 10% while the cash
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    2. asked by Tharshana
    3. 50 views
96. Analyse the need for auditors
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97. How did you learn to do bookkeeping? please answer for job
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98. Jayla buys and sells vintage clothing. She bought two blouses for $25.00 each and later sold them for $38.00 each. She bought
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    2. 130 views
99. What is needed to make an accounting entry? Give one word
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    2. 38 views
100. What type of system helps a business track records of income and costs, assists with payroll, budgeting, expenses, purchasing,
     1. 2 answers
     2. asked by hi
     3. 74 views