business
Is subsidiary ledger part of general ledger?
The general ledger contains all debit and credit entries of transaction and entry for the same is done in different account mainly, there are five types o...
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Business
business
Where is allowance for doubtful accounts recorded?
balance sheet The allowance for doubtful accounts is a reduction of the total amount of accounts receivable appearing on a company’s balance sheet, and is...
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business
How is marginal costing helpful in managerial decision making?
Marginal costing helps the management in ascertaining the profit position at the various levels of operation through the technique of cost-volume-profit a...
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business
Are cash sales current assets?
Current assets are all the assets of a company that are expected to be sold or used as a result of standard business operations over the next year. Curren...
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business
What is the effect of performing service on account on the basic accounting equation?
Question: Performing services on account will have the following effects on the components of the basic accounting equation: (a) increase assets and decre...
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business
What is the full meaning of assumption?
1 : a taking to or upon oneself the assumption of a new position. 2 : the act of laying claim to or taking possession of something the assumption of power...
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business
Which is tough UGC NET or CSIR NET?
Differences Between CSIR, UGC, ICAR & SET Factors UGC NET CSIR NET Negative Marking No negative marking Different for all subjects/ parts A, B, C Diff...
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business
Is QuickBooks 2017 still supported?
Access to QuickBooks Desktop Payroll Services, Live Support, Online Backup, Online Banking, and other services through QuickBooks Desktop 2017 software wi...
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business
What are the accounting entries for insurance claims?
A basic insurance journal entry is Debit: Insurance Expense, Credit: Bank for payments to an insurance company for business insurance. Not all insurance p...
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business
What are the three main headings in the balance sheet?
A business Balance Sheet has 3 components: assets, liabilities, and net worth or equity. The Balance Sheet is like a scale. Assets and liabilities (busine...
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