800. Determine how much cash the company had at the close of business on September 30. b. On September 30‚ Li Ming Co. had a $97‚500 balance in Accounts Receivable. During October‚ the company collected $88‚950 from its credit customers. The October 31 balance in Accounts Receivable was $100‚500. Determine the amount of sales on account that occurred in October. c. Nasser Co. had $147‚000 of accounts payable on September 30 and $136‚500 on October 31. Total purchases on account during October
Premium Accounts receivable Accounting software Invoice
the chronically late‚ lay down your credit rules early and firmly and start the relationship off slowly. Keep the amount of product or services you offer a company with an iffy credit record to a minimum until they’ve proven themselves. And no matter how much you need the business‚ never start doing business with another person or company until you have a signed contract clearly stating and agreeing to payment terms. 2. Once you begin doing business with someone‚ make sure you stamp your invoices with
Premium Credit history Credit card Credit score
$60‚000 cash on the purchase of equipment costing $80‚000. The remaining amount was recognized as a one year note payable with interest rate of 9%. Jan 4 Purchased office supplies costing $17‚600 on account. Jan 13 Provided services to its customers and received $28‚500 in cash. Jan 13 Paid the accounts payable on the office supplies purchased on January 4. Jan 14 Paid wages to its employees for first two weeks of January‚ aggregating $19‚100. Jan 18 Provided $54‚100 worth of services to its customers
Premium Accounts receivable 1967 1983
AP-3: ⇒Audit Program for Accounts Receivable Company Balance Sheet Date | | | The company has the following general ledger accounts that are classified in the accounts‚ notes‚ or other receivables captions of the | |balance sheet:
Premium Accounts receivable Invoice Audit
The Accounts of Eros in the "Symposium" The word love carries with it many‚ many different interpretations. In modern day‚ our views on what is appropriate love is much different from the views from the time of Socrates and Plato. To them love was eros‚ a direct translation of the word love. However‚ the word itself wasn ’t the only thing that was different about love. In Plato ’s "Symposium"‚ there is a celebration for Agathon. He had just won a dramatic contest in Athens‚ Greece two nights ago
Premium Human Love Plato
Report for Macroeconomics by Group 5 “Current Account Deficit – An Indian Perspective” Indian Institute of Management‚ Kozhikode Report by: GROUP 5: Aishwarya Kumar (063) Anirban Bhar (064) Anusha Acharya (071) Nimish Shah (110) Palak Bansal (097) Pratik Agarwal (101) Table of Contents Introduction 3 India CAD – Historical perspective (1991 – present) 7 Case Study 1 - US Current Account Deficit and the 2008 Financial Crisis 12 Case
Premium International economics Balance of payments Macroeconomics
DIGITIZING ACCOUNTS PAYABLE DOCUMENTS When accounting files are sent to the archives at the end of the year‚ the portion taken up by the accounts payable documents usually exceeds that of all other documents combined. For some companies with high accounts payable files‚ it is a major expense to remove all the paperwork‚ box it up and identify it‚ and ship it off to a warehouse‚ from which it must be recalled occasionally for various tasks. Digitizing the documents is a means of avoiding the expense
Premium Computer file
code 0452 1. Introduction ..................................................................................... 2 1.1 1.2 1.3 1.4 Why choose Cambridge? Why choose Cambridge IGCSE Accounting? Cambridge International Certificate of Education (ICE) How can I find out more? 2. Assessment at a glance .................................................................. 4 3. Aims and objectives ........................................................................ 6 3.1 Aims 3.2 Assessment objectives
Premium Balance sheet Revenue Generally Accepted Accounting Principles
“FULLER” CAPITAL ACCOUNT CONVERTIBILITY A boon or a bane! Abstract This is the era of competitive economies and India is one of the pioneers. In the recent years‚ India has been consistently moving towards becoming a developed nation with its IT and technical advancement‚ intellectual capital‚ off shoring and outsourcing to boast of. Capital account convertibility is one of the main features of developed economy. India’s inclination towards CAC‚ when the Tarapore committee first suggested
Premium Foreign exchange market Monetary policy Currency
Task C reflective account I work in a nursing home for the dementia of the elderly and I understand that their upbringing and background was very different to how mine was‚ some of the service users have a very different view on life with their beliefs but I take into account that everyone has their own way of living and thinking for example sadly one of the services users past away last year and her close friend who also lives in the home wanted me to accompany her to her funeral in a church‚ even
Premium Personal life Old age Gerontology