ACCT 3512 Chart of Accounts Accounts & 4 Characteristics by 6 Acct Types: FS‚ Real vs. Nominal & Normal Acct Bal (NAB) mjm cpa 9/13 (Contra Accts) [Historical Cost Exceptions] (ACCT 3512 emphasized accts in italics) by Marco J. Malandra‚ CPA 1. ASSETS: BS‚ Real‚ Dr NAB‚ (Cr if contra) 3. SHs’ EQUITY: BS‚ Real‚ Cr NAB (Dr if contra) Current [generally]: IC accts: Preferred Stock [at Par Value] Cash (Money Orders‚Checks‚Checking‚ Savings‚ Petty) Additional-paid-in-capital
Premium Generally Accepted Accounting Principles Balance sheet Depreciation
1. (TCO A‚ B‚ C) External users want answers to all of the following questions except: (Points : 3) Is the company earning satisfactory income? Will the company be able to pay its debts as they come due? Did the company use a budget to plan its expenses? How does the company compare in profitability with competitors? | 2. (TCO C) Debt securities sold to investors that must be repaid at a particular date some years in the future are called: (Points : 3) accounts
Premium Balance sheet Inventory Generally Accepted Accounting Principles
any other supermarket. Throughout the Stakeholders Report‚ phrases like “our emphasis on the highest quality perishable items” and “we adhere to the highest quality standards” reinforce that concept of product leadership. Perishable product sales account for about 67% of total retail sales. Customers choose Whole Foods Market primarily because they are able to buy better natural and organic foods and higher-quality perishable products than in conventional supermarkets. Further evidence of the product
Premium Organic food Customer service
which is insomnia. 2. He suffers insomnia due to his job which he must travel often‚ experience jet lag‚ and stress. 3. He is a self-proclaimed slave of consumerism. 4. He seeks help from the doctor for medication but the doctor suggests that he visit a support group for testicular cancer to see real pain. 5. The narrator meets Bob‚ an ex-bodybuilder and steroid user who suffers from an extreme case of gynecomastia due to hormone treatment after his testicles were removed. 6. Stuck between Bob’s
Premium Sleep Fight Club Sleep disorder
Inspector Calls – Controlled Assessment Draft An Inspector Calls‚ a play set in 1920‚ written by J.B Priestley‚ has many dimensions‚ many agenda’s and many outlooks on life and society. J.B Priestley uses the characters within this book to portray his message indirectly‚ even the tiniest of details have an array of meanings behind them‚ for example‚ the lighting and how they should be‚ intimate and soft until the inspector arrives and the lights turn sharper causing the whole atmosphere to change
Premium An Inspector Calls J. B. Priestley The Play
Liability Shareholder’s Capital gets created 100000 + 0 = 100000 + 0 b Purchased inventory on account for $200‚000. Assets + Expense = Liabilities + Incomes Asset named Inventory created and Liability Vendor payable gets created 200000 + 0 = 200000 + 0 c Sold inventory for $200‚000. $75‚000 of the sales were for cash and $125‚000 were on account. The inventory sold had cost Stewart $120‚000. Assets + Expense
Premium Generally Accepted Accounting Principles Balance sheet Accounts payable
________$198‚250___________ #2. Given the following information‚ what is the cash flow to creditors for 2011? | 2010 | 2011 | Sales | 5831 | 6423 | COGS | 3670 | 4109 | Interest | 291 | 280 | Depreciation | 125 | 122 | Cash | 250 | 313 | Accounts receivables | 1092 | 1162 | Current liabilities | 717 | 1051 | Inventory | 1495 | 1521 | Long-term debt | 2400 | 1100 | Net fixed assets | 4006 | 4123 | Common Stock | 1900 | 2100 | Taxes | 590 | 670 | PROVIDE SOLUTION HERE: CF to
Premium Balance sheet Generally Accepted Accounting Principles Inventory
Contents Introduction 3 Analysis 3 Employee Turnover 3 Employee Turnover Costs 4 Employee Retention 5 Employee Retention Strategies 5 Recommendations 6 Conclusion 6 References 7 Introduction The goal of this study is to understand employee turnover and its cost‚ employee retention and what are some Canadian company’s retention strategies to reduce high employee turnover rates. Analysis Employee Turnover Employee turnover is a ratio comparison of the number of employees
Premium Employment Costs Cost
nershipCHAPTER 2 RECONSTITUTION OF A PARTNERSHIP FIRM Partnership is an agreement between the members of a firm for sharing the profits of the business carried on by all or any of them acting for all. Any change in this relationship amounts to reconstitution of the partnership firm. A change in the partnership agreement brings to an end the existing agreement and a new agreement comes into being. This new agreement changes the relationship among the members of the partnership firm. Hence‚ whenever
Premium Balance sheet Liability Asset
(Also known as "T" Account and Account) Having passed the double or journal entries‚ the next step is to post these double or journal entries into Ledger accounts. Ledger account or an account is simply the classification of double entries which we have made in General Journal or any other journal. In an account we bring together all similar entries in one place. For example a company has purchased goods on 4th and 7th January‚ we would put both entries in purchases account because of their similar
Premium Accounts receivable Debt Double-entry bookkeeping system