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Post under tag accounting
Most answered questions under tag accounting
Recent
MCQs
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Articles
+2
votes
1
answer
What is the difference between a balance sheet of a nonprofit organization and a for-profit business?
posted
Jul 3, 2017
by
Ati Kumar
accounting
balance sheet
difference
+1
vote
1
answer
What is the expanded accounting equation?
posted
Jul 3, 2017
by
Ati Kumar
accounting
+1
vote
1
answer
How do you record an owner's money that is used to start a company?
posted
Jul 3, 2017
by
Ati Kumar
accounting
money
+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 a temporary account?
posted
Jun 30, 2017
by
Vijay
accounting
accounts
+1
vote
1
answer
What is a promissory note?
posted
Jun 30, 2017
by
Pratiksha Shetty
accounting
+1
vote
1
answer
What are some reasons that cause the balance on the bank statement to differ from the cash balance on the books?
posted
Jun 30, 2017
by
Ritika Sharma
accounting
bank
balance sheet
+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
What is the difference between periodic and perpetual inventory systems?
posted
Jun 30, 2017
by
Ananya Saha
accounting
inventory
+1
vote
1
answer
What is the difference between accounts payable and accrued expenses payable?
posted
Jun 30, 2017
by
Ananya Saha
accounting
accounts
+1
vote
1
answer
What are accrued expenses and when are they recorded?
posted
Jun 30, 2017
by
Ananya Saha
accounting
expenses
+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
What is the proper use of the words lend and borrow?
posted
Jun 30, 2017
by
Deepak Jangid
accounting
+1
vote
1
answer
Will every transaction affect an income statement account and a balance sheet account?
posted
Jun 30, 2017
by
Deepak Jangid
accounting
+1
vote
1
answer
In what order are liabilities listed in the chart of accounts?
posted
Jun 30, 2017
by
Deepak Jangid
accounting
+1
vote
1
answer
Is there a difference between the accounts Purchases and Inventory?
posted
Jun 30, 2017
by
Diya Borda
accounting
difference
inventory
+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
Why is Accumulated Depreciation an asset account?
posted
Jun 30, 2017
by
Diya Borda
accounting
assets
accounts
+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 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
Why doesn't the balance sheet equal the post-closing trial balance?
posted
Jun 29, 2017
by
Kavana Gowda
accounting
+1
vote
1
answer
Why does a company debit Purchases instead of Inventory?
posted
Jun 29, 2017
by
Kavana Gowda
company
accounting
inventory
+1
vote
1
answer
How do I record money received for an insurance claim on inventory loss?
posted
Jun 29, 2017
by
Reshmi S
accounting
inventory
+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
Is contributed capital a noncurrent asset or a current asset, and is it a debit or credit?
posted
Jun 29, 2017
by
Reshmi S
capital
assets
accounting
+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
Will every transaction affect an income statement account and a balance sheet account?
posted
Jun 29, 2017
by
Reshmi S
accounting
+1
vote
1
answer
What are the accounting entries for a fully depreciated car?
posted
Jun 29, 2017
by
Prajwal C.m.
accounting
entries
+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
What is the difference between adjusting entries and correcting entries?
posted
Jun 29, 2017
by
Prajwal C.m.
accounting
entries
+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
What is the entry to remove equipment that is sold before it is fully depreciated?
posted
Jun 29, 2017
by
Prajwal C.m.
accounting
entries
+1
vote
1
answer
Where in the chart of accounts is a suspense account located?
posted
Jun 29, 2017
by
Prajwal C.m.
accounting
+1
vote
1
answer
Why are assets and expenses increased with a debit?
posted
Jun 29, 2017
by
Prajwal C.m.
accounting
assets
+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 to do with the balance in Allowance for Doubtful Accounts?
posted
Jun 29, 2017
by
Debolina Charaborthy
accounting
+1
vote
1
answer
How do I record an advance to an employee and the deduction?
posted
Jun 29, 2017
by
Debolina Charaborthy
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 an accrual and a deferral?
posted
Jun 29, 2017
by
Debolina Charaborthy
accounting
difference
+1
vote
1
answer
What is the difference between a general ledger and a general journal?
posted
Jun 29, 2017
by
Debolina Charaborthy
accounting
difference
+1
vote
1
answer
What does the cost principle mean for a company's income statement?
posted
Jun 22, 2017
by
Shamita
company
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
1
answer
Is contributed capital a noncurrent asset or a current asset, and is it a debit or credit?
posted
Jun 22, 2017
by
Shamita
accounting
assets
+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
What is the difference between reserve and allowance?
posted
Jun 22, 2017
by
Shamita
accounting
difference
+1
vote
1
answer
Why is the distinction between product costs and period costs important?
posted
Jun 22, 2017
by
Chetan Hindu
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
What is the difference between unearned revenue and unrecorded revenue?
posted
Jun 22, 2017
by
Chetan Hindu
accounting
+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
What is the difference between fixed assets and noncurrent assets?
posted
Jun 22, 2017
by
Chetan Hindu
accounting
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