Accounting Liabilities

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Archive for November, 2009

Accounting Liabilities

By admin on Monday, November 30th, 2009 | Comments Off

liabilities??? accounting? is health insurance a liability? so when I input it should it be under liability or expense i just took over books for ths company and they have some inputted as ins-owner under liability and then some inputted as ins. as an expense…. they have no ins for employees just the owner and [...]

Accounting Depreciation

By admin on Friday, November 27th, 2009 | Comments Off

accounting straight line depreciation? On January 1, 2007, the Ewing Company ledger shows Equipment $32,000 and Accumulated Depreciation $14,000. The depreciation resulted from using the straight line method with a useful life of 10 years and a salvage value of $2,000. On this date the company concludes that the equipment has a remaining useful life [...]

Capital Accounting

By admin on Thursday, November 26th, 2009 | Comments Off

I am in a accounting course and i need help with owners capital? They asking me to separate investments from owners capital, and i have no idea on what the investments could be or are? May you help me? From the company’s point of view, investments are its assets and are debits. Its owner’s capital [...]

Accounting Valuation

By admin on Thursday, November 26th, 2009 | Comments Off

The main purpose of the consistency convention of accounting is the facilitation of which of the following? a. Accrual accounting b. Fair year-to-year asset valuations c. Comparability of financial statements d. Neutralization of the effects of inflation Comparability of financial statements Forensic Accounting Houston:Business Valuation From Forensic CPA Jim Trippon Quickbooks POS: Pro Multistore 6.0 [...]

Accounting Finance Degree

By admin on Wednesday, November 25th, 2009 | Comments Off

Should I do a degree in Accounting OR Finance? Which would provide more career opportunities? What careers could I actually go into besides Accounting and Finance? Which is more interesting? Having a degree in accounting will provide you with many opportunities in your future. First, you will have a specialized skill set that the majority [...]

Online Accounting

By admin on Sunday, November 22nd, 2009 | Comments Off

Is there any free online accounting program for small businesses (not personal finance)? I have a small home-based business and do not have money to spend on expensive software or monthly subscriptions. I would prefer to use something online that doesn’t require me to download anything so I can access it from any computer and [...]

Impairment Accounting

By admin on Thursday, November 19th, 2009 | Comments Off

should a company be allowed to account for asset appreciation and asset impairment? Generally speaking, a company is required to account for impaired assets but prohibited from accounting for asset appreciation. The reasoning is fairly simple: an asset that is impaired needs to be accounted for to avoid misleading investors. Imagine if a car dealership [...]

Accounting Profit

By admin on Thursday, November 19th, 2009 | Comments Off

What assumptions is accounting profit based on? How could a change in assumptions generate a different profit figure? Assumption drive everything because it is the basis of revenue. In other words you assume that you are going to have 5 sales at 100 a piece for a $500. If due to forecasting that number goes [...]

Inventory Accounting

By admin on Wednesday, November 18th, 2009 | Comments Off

what does waiver of inventory and accounting mean in probating a will in Arkansas? They are documents, signed by an heir, that states that they do not require the executor of the estate to prepare an inventory of assets for the estate Business Calculations & Accounting : How to Calculate Inventory Turnover Inventories and Retail [...]

Capitalization Accounting

By admin on Wednesday, November 18th, 2009 | Comments Off

Short Selling question? ok so your a fairly wealthy individual and you own 500,000 shares of a small cap company with a market capitalization of 1 billon dollars. each share is $15 you sell all 200,000 shares because you think the compnay has a crapy management blah blah blah. You tell another investor that you [...]

Accounting Graduate Programs

By admin on Monday, November 16th, 2009 | Comments Off

Should I just ignore accounting all together + focus on teaching? the facts: 1. low gpa, but will probably bring it up to a 3.0-3.2 and stay around that until i graduate rutgers 2. b/c of current low gpa + competitiveness of RUBiz School, changed major to English and plan to become a high school [...]

Accounting Audit

By admin on Monday, November 16th, 2009 | Comments Off

Personal opinion, which career path has more opportunities, Tax accounting or Professional accounting (Audit)? I am having a hard time making a choice between the two (I know most people would choose a completely different path). I like the idea of working for a Big four audit firm and later making a transition to industry [...]

Accounting Advice

By admin on Saturday, November 14th, 2009 | Comments Off

accounting advice? 38 The entry to adjust the accounts for wages accrued at the end of the accounting period is A.Wages Payable, debit; Wages Income, credit B.Wages Income, debit; Wages Payable, credit C.Wages Payable, debit; Wages Expense, credit D.Wages Expense, debit; Wages Payable, credit lady bird, this is not school work iam going through these [...]

Bachelors Degree In Accounting

By admin on Thursday, November 12th, 2009 | Comments Off

Is it going to be hard for me to find a job with a bachelors degree in Accounting, with a high GPA? I was wondering since there has been a lot of talk about people not getting jobs. I thought to myself this is probably because people go into business and psychology where you don’t [...]

Accounting Accounts

By admin on Thursday, November 12th, 2009 | Comments Off

Anyone know where I can find a list of all Accounting accounts?(with debits and credit information)? i just want to know whether Retained earnings is balanced at a credit or debit? and is Cost of Goods Sold an expense? does it balace on a debit? More information thanks! The other answerer is right in that [...]