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Most viewed questions under tag accounting

+1 vote
1 answer
What is the difference between receivables and accounts receivable?
posted Jun 30, 2017 by Diya Borda
  • accounting
+1 vote
1 answer
How do you calculate the break-even point in terms of sales?
posted Jul 28, 2017 by Nway Nadar
  • accounting
+1 vote
1 answer
What is the difference between periodic and perpetual inventory systems in accounting?
posted Jul 5, 2017 by Reshmi S
  • inventory
  • accounting
+1 vote
1 answer
What is the entry when a company lends money to an employee?
posted Jun 22, 2017 by Shamita
  • accounting
+1 vote
2 answers
What should be the entry when goods are purchased at a discount?
posted Jul 3, 2017 by Naveen Kumar
  • accounting
  • entries
+1 vote
2 answers
What is double-entry accounting?
posted Jul 20, 2017 by Anurag Kashyap
  • accounting
+1 vote
1 answer
What is an unpresented cheque or check and does it require an adjustment to the balance sheet?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
1 answer
What are reversing entries and why are they used?
posted Jun 29, 2017 by Debolina Charaborthy
  • accounting
  • entries
+1 vote
1 answer
What is the difference between a cost and an expense?
posted Jun 22, 2017 by Anurag Kashyap
  • accounting
  • difference
+1 vote
1 answer
What is the difference between a ledger and a trial balance?
posted Jun 29, 2017 by Debolina Charaborthy
  • difference
  • accounting
+1 vote
1 answer
What are the various systems of Accounting?
posted Oct 3, 2017 by Naveen Kumar
  • accounting
+1 vote
1 answer
Why some asset accounts have a credit balance?
posted Jul 20, 2017 by Anurag Kashyap
  • accounting
+1 vote
1 answer
Who is considered the father of accounting?
posted Jul 7, 2017 by Mukul Chag
  • accounting
+1 vote
1 answer
What is the effect on the income statement when the allowance for uncollectible accounts is not established?
posted Jul 5, 2017 by Shubham Rajput
  • accounting
  • income statement
+1 vote
1 answer
What is the entry when merchandise has been received but not the vendor's invoice?
posted Jun 30, 2017 by Vijay
  • accounting
  • entries
+1 vote
1 answer
What is the advantage of using historical cost on the balance sheet for property, plant and equipment?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
1 answer
Why is Rent Expense a debit and Service Revenues a credit?
posted Jun 29, 2017 by Prajwal C.m.
  • accounting
+1 vote
1 answer
Where does revenue received in advance go on a balance sheet?
posted Jun 30, 2017 by Ritika Sharma
  • accounting
  • balance sheet
  • advance revenue
+1 vote
1 answer
Why would a balance sheet list current liabilities as negative amounts?
posted Jun 29, 2017 by Prajwal C.m.
  • accounting
+1 vote
1 answer
Where does the purchase of equipment show up on a profit and loss statement?
posted Jun 22, 2017 by Anushka
  • accounting
+1 vote
1 answer
What are the Steps involved in Project implementation?
posted Jul 7, 2017 by Rupali Thakur
  • accounting
  • project management
+1 vote
1 answer
Where are accruals reflected on the balance sheet?
posted Jul 3, 2017 by Abu Anam
  • accounting
  • balance sheet
–1 vote
0 answers
What is the difference between accounting and economic profit?
posted Sep 21, 2017 by Naveen Kumar
  • accounting
  • economics
+1 vote
1 answer
What is the difference between Notes Payable and Accounts Payable?
posted Jun 30, 2017 by Diya Borda
  • accounting
  • difference
+1 vote
1 answer
What is the difference in Accounting and Marketing and what is so different about them?
posted Jul 7, 2017 by Mukul Chag
  • accounting
  • marketing
  • difference
+1 vote
1 answer
What is the difference between prime costs and conversion costs in Accounting?
posted Jul 5, 2017 by Reshmi S
  • accounting
+1 vote
1 answer
If inventory is understated at the end of the year, what is the effect on net income?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
1 answer
What is the purpose of control accounts?
posted Jun 22, 2017 by Sagar Sharma
  • accounting
+1 vote
1 answer
Why is the P&L profit entered on the credit side of the balance sheet?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
1 answer
If a company earns a profit, which balance sheet items change?
posted Jul 3, 2017 by Ati Kumar
  • accounting
  • company
  • balance sheet
+1 vote
1 answer
In adjusting entries, how do I know which T-accounts to use?
posted Jun 30, 2017 by Deepak Jangid
  • accounting
  • entries
+1 vote
1 answer
How does the accounting equation stay in balance when the monthly rent is paid?
posted Jun 29, 2017 by Reshmi S
  • accounting
+1 vote
1 answer
What is a capital expenditure versus a revenue expenditure?
posted Jul 3, 2017 by Abu Anam
  • accounting
  • expenditure
+1 vote
1 answer
What is the accrual basis of accounting?
posted Jul 3, 2017 by Abu Anam
  • accounting
+1 vote
1 answer
What is a temporary account?
posted Jun 30, 2017 by Vijay
  • accounting
  • accounts
+1 vote
1 answer
What is the entry for the down payment from a signed contract?
posted Jun 29, 2017 by Reshmi S
  • accounting
  • entries
+1 vote
1 answer
What to do with the balance in Allowance for Doubtful Accounts?
posted Jun 29, 2017 by Debolina Charaborthy
  • accounting
+1 vote
1 answer
Why is the accuracy of inventory valuation so important?
posted Jun 22, 2017 by Shamita
  • accounting
  • inventory
+1 vote
1 answer
Where does accrued interest on notes receivable get reported on the balance sheet?
posted Jul 3, 2017 by Naveen Kumar
  • accounting
  • balance sheet
+1 vote
1 answer
What are the effects of international accounting standards on accounting practices of developing nations?
posted Jul 7, 2017 by Prajwal C.m.
  • accounting
+1 vote
1 answer
What does the word credit mean in terms of accounting?
posted Jul 7, 2017 by Rupali Thakur
  • accounting
+1 vote
1 answer
What is the full disclosure principle in Accounting?
posted Jul 3, 2017 by Naveen Kumar
  • accounting
+1 vote
1 answer
What is the relationship between cost accounting financial accounting and managerial accounting?
posted Jun 19, 2017 by Abu Anam
  • accounting
+1 vote
1 answer
Does sales commission get reported in the income statement?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
1 answer
What is the difference between a trial balance and a balance sheet?
posted Jun 22, 2017 by Anurag Kashyap
  • accounting
  • difference
+1 vote
1 answer
What is a register when referring to accounting or bookkeeping?
posted Jul 7, 2017 by Mukul Chag
  • accounting
  • register
+1 vote
1 answer
When will a transaction affect only one side of the accounting equation?
posted Jul 3, 2017 by Abu Anam
  • accounting
+1 vote
1 answer
What is the entry for an employee's personal phone calls included in the company's bill?
posted Jun 29, 2017 by Kavana Gowda
  • accounting
  • entries
+1 vote
1 answer
What is the difference between gross profit and net profit?
posted Jun 22, 2017 by Anushka
  • accounting
+1 vote
1 answer
What is reported as property, plant and equipment?
posted Jun 22, 2017 by Anurag Kashyap
  • accounting
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