What are the four types of adjustments?

Q: What is the answer in number 5?~

A: Question- 5 Cost of Production- Cost for Production refers to entire expenses which are experienced…

Q: Discuss the THREE uses of Trial Balance  and by providing example for each use of Trial Balance?

A: A trial balance is a schedule in which total of debit column is always equals to credit. If there is…

Q: Define staggered terms

A: Answer: Staggered terms are nothing but an agreement that only a definite number of members of a…

Q: What are the three major sections of the CAFR?

A: CAFR is basically stands for Comprehensive Annual Financial Report which basically helps in…

Q: What amount are the fixed

A: We use the high-low method in Cost Accounting to find out the amounts for the fixed and variable…

Q: What are the four distinct categories of adjustments?

A: Adjusting entries in accounting are made with a view to accurately reflect the expenses and income…

Q: What was the principal portion of payment number 4?

A: Time value of money (TVM) means that the earlier receipts will be worth more than the later…

Q: name for the amount

A:

Q: What is the Compound-Amount Factor?

A: Compound amount factors are the factors by which the interest for a loan is calculated which is…

Q: What are the 5 pairs from the list above that needs adjustments? And what amounts are with each…

A: Income tax expense expenses in the profit or loss account typically consists of: Current tax Under…

Q: Which of the followine Calculation of New p

A: Whenever there is an admission, retirement or death of a partner, the accounting records of the…

Q: Wite short notes on the following terms.. iii. Adjustment Letter

A: In a business operation, goods and services are sold to the customers who in return make the payment…

Q: What are the answers to Required 4a, 4b, 4c

A: 4. a) Contribution margin formula = sales -variable cost here the Andretti Company is going for the…

Q: What is separation of duties? Give five examples?

A: Separation of Duties: Management uses various techniques to improve the internal control of the…

Q: Explain the four Types of Adjustment Entries?

A: Adjusting entries are those entries which are passed at the end of the year to accurately record…

Q: explain the meaning of permanent differences, and give two other examples

A: The periods between which revenues and expenses are reported for financial statement and income tax…

Q: correcting the balance of

A: Adjusting journal entry: Adjusting journal entries are the journal entries that are generally passed…

Q: Define Temporary difference.

A: Definition:   Account: Account is the basic record that reports all changes in the value of…

Q: What are the four types of inventories and their differences?

A: Inventories are the goods that are available for sale or inputs through which goods are made are…

Q: Difference of Perpetual and Peiodic

A: Perpetual:-It is the inventory management system that keeps the record of the inventory in…

Q: Briefly explain the concepts of temporary difference and permanent difference

A:

Q: a. How many payments are required to s-

A: A loan refers to the amount that should be taken by the borrower from the lender for a specific…

Q: What are the 3 main sections of the CAFR?

A: CAFR is a set of financial statements for a state or other government entity that must conform with…

Q: What are the four basic assumptions underlie GAAP?

A:

Q: Briefly explain the four general types of adjustments provided by our authors and why they are…

A: Answer:-  Adjustment entry meaning:- Adjustment entry is basically adjustment in the books of…

Q: Explain the difference between deferrals and accruals and give two examples from each.

A: The adjustment entries are prepared to adjust the revenue and expenses of the current period.

Q: What are the four basic steps involved in the execution of a nenemergency change order?

A: The change order is the order in which the specifications of particular material are changed or the…

Q: How can we determine a Compounding Period?

A: A compounding is the interest charged on interest. When any investment is made for certain years,…

Q: The purpose of adjustments is to?

A: In simple words, adjusting entries are the changes to the journal entries that are already made in…

Q: Briefly explain the purposes of adjustments.

A: Adjustments (Adjusting entries) : These are made to record the business transactions that has been…

Q: what is a trial balance?

A: Trial balance is the summary of accounts, where their total debit and credit balances must be equal…

Q: rs 15,

A: Calculation of Interest on Capital Garachico         Particular Remarks Cumulative Amount…

Q: Enumerate and explain five (5) powers of the BIR.

A: BIR stands for Bureau of Internal Revenue which is compulsory through law to assess as well as…

Q: what is the new balance (in $)?

A: Average Daily Balance Credit card companies normally use average daily balance  to charge interest…

Q: what are opening balances

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: 11. What is an accrued expense? Give three examples.

A: Introduction: An expense is a type of outlay that is debited from income to determine net income.…

Q: Define Adjustments

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: Define OEM and EOM? Give three differences between them?

A: Original Equipment Manufacturer (OEM):An original equipment manufacturer is referred to as a company…

Q: Define a loss contingency. Provide three examples

A: Loss Contingency:   It is a form of contingency where an existing situation or circumstance where…

Q: What is a trial balance?

A: A business wants to ensure that the proper posting of account balance from journal to ledger is…

Q: What's the adjustment?

A: The answer is provided as follows:

Q: What are the three principal types of REITs?

A: The question is based on the concept of Real Estate Investment trust (REIT). They are an investment…

Q: Describe the five events that might change the balance of the PBO.

A:

Q: where is the correcting entry of the following?

A: Prepaid Expenses: Future costs that have been paid for in whole or in part in advance are referred…

Q: What are the four basic assumptions underlying GAAP?

A: Generally Accepted Accounting Principles (GAAP): Generally Accepted Accounting Principles are the…

Q: Which of the following is true?a. FASB creates SEC.b. GAAP creates FASB.c. SEC creates CPA.d. FASB…

A: