what is the difference between secured transactions and unsecured transactions

Q: 10. The account to be debited and credited respectively to record transaction letter g. is O Account...

A: Revenue Journal- The term "revenue journal" is also used to refer to a sales journal. It's a term us...

Q: On 1 July 2021, The Company borrowed $84,000 by signing a 2-year note payable at 8% annual interest...

A:

Q: Chapter 3 Activity – Taxes   Individual Income Tax Brackets (2021) Marginal Tax Rate Single, t...

A: Introduction: Individual gross income (sometimes known as gross pay on a paycheck) is a person's ent...

Q: Accounting for Assets: Receivables Slow Running Shoes uses the Aging of receivables method to accoun...

A: Account Receivable- Account receivable refers to the term, when a corporation sells products and ser...

Q: Requirement: Compute for the following variances 1. Fixed Spending Variance 2. Variable Spending Var...

A: Lets understand the basics. Fixed overhead spending variance indicates the variance between the actu...

Q: Interchange Inc. had sales of $400,000, based on a unit selling price of $200. The variable cost per...

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...

Q: Bill's Fine Wines began the fiscal year with inventory value of $85,000 and estimated retail price o...

A:     (a)    Explanation of gross profit percentage method: The gross profit percentage method applies...

Q: Explain different methods for cash transactions and the costs associated with each. How these costs ...

A: Cash-basis of accounting- When transactions are made in cash, the cash basis of accounting is used t...

Q: What is accounting

A: Generally Accepted Accounting Principles (GAAP): A definitive objective of GAAP is to guarantee an o...

Q: Sophie Lacson started her own consulting firm, Lacson Consulting, on September 1, 2019. The followin...

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...

Q: 1. A loan of Php 35,000 with a simple interest rate of 12% will be paid within 9 months. interest wi...

A: As posted multiple independent questions we are answering only first question kindly repost the unan...

Q: Neelopak Berhad prepared the standard cost data for one of their products. Direct Labour (0.65 hour...

A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are allow...

Q: January 1,2020, Shirley Corporation leased a machinery from Joel Company on a five-year lease term a...

A: 1)leasing is the process by which a firm can obtain the use of fixed assets for which it makes a ser...

Q: Instruction: Prepare the following 1. Income Statement 2. Statement of Changes in Equity 3. Statemen...

A: Financial statements refers to the statement which includes BS (Balance Sheet), income statement (IS...

Q: Correcting the Trial Balance: Alpha received cash of $300 in advance from a customer that has not ye...

A: Adjusting journal entry: At year-end when the company finalizes its accounts then any unrecognized i...

Q: Which of the following is not a characteristic of a financial asset held for trading? a. It is acqui...

A: Trading in financial instrument include assets such as stocks bonds mutual fund. the financial asset...

Q: Instruction: Prepare the following 1. Income Statement 2. Statement of Changes in Equity 3. Statemen...

A: The financial statements of the business include the income statement, balance sheet and statement o...

Q: FIFO METHOD On 1 August L&T Co. had a balance in inventory of 120 units at AED14.25 per unit. The fo...

A: The cost of goods sold include the total cost of goods that are sold during the period. FIFO stands ...

Q: What amount should be reported as Cash on December 31, 2017?

A: Cash equivalents refers to those short-term investment of the company which are easily converted int...

Q: Delta Corporation acquires 70 percent of Bravo Company’s stock.  What amount of non-controlling inte...

A: Introduction Non-Controlling interest: If the parent company does not own 100% stakes in subsidiary ...

Q: Activity No. 04 - Transaction Effects on the Basic Accounting Model Instruction: For each transactio...

A: Accounting equation says that total assets should always be equals to total liabilities and equities...

Q: Which should be recorded in accounts receivable? a. receivables from officers b. receivables from ...

A: Accounts Receivable refers to the amount owed by the customers to a business for purchase of goods o...

Q: 1. Winston Corporation purchases all of Harley Company’s stock on June 1 for P1,200,000.  At that da...

A: In the consolidation worksheet, eliminating entries are utilized to alter the totals of the individu...

Q: Your broker offers to sell you some shares of Bahnsen & Co. common stock that paid a dividend of $3....

A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve first three sub...

Q: irections: What would you do under the following situations below.

A: In this question, there are 3 different cases in which we have to show what would we do in these sit...

Q: Explain how joint inventors are handled with it comes to patent prosecution

A: Invention: The meaning of an invention is a thing like a gadget or interaction that has been made or...

Q: Poh Inc., corporation, has the following pertinent information happened during year 2022 P 1,570,000...

A: Statement of Cash Flows using indirect method:

Q: An electronic game listed at $103.00 less 30%, 7%, 5% is offered at a further reduced price of $58.6...

A: Given information, Electronic game listed at $103.00 less 30%, 7%, 5% is offered at a further reduce...

Q: Exercise 13.. Debit or Credit Sophie Lacson started her own consulting firm, Lacson Consulting, on S...

A: Recording of data with the account and amount is necessary to create ledger account ( T- account ) a...

Q: What are: Relevant / irrelevant / Differential Costs Relevant / irrelevant / Differential Revenues...

A: Relevant / Irrelevant / Differential Costs: Relevant Costs are the cost which are relevant in decis...

Q: Explain what is meant by a 'complex' non-current asset and explain briefly how IAS 16 requires expen...

A: complex non current assets includes building that has been built for special purpose, infrastructure...

Q: 1. Working paper documentation includes the auditors’ conclusion about ______ and the basis for thei...

A: Answer: As per Q/A guideline, first question has been answered. Please repost remaining questions. W...

Q: A The objective of IAS 36 Impairment of assets is to prescribe the procedures that an entity applies...

A: Impairment of asset means the decrease in the carrying value of asset. If the carrying amount is mor...

Q: A. Assume that Cane expects to produce and sell 88,000 Alphas during the current year. A supplier ha...

A: Make and buy decision refers to a decision taken the manager whether to product the required materia...

Q: The analyst can obtain a better picture of the operating performance of an entity if percentage of c...

A: The statement which is used to see the percentage change in one item in relation to other related it...

Q: Using the data in the following table, how much bond amortization was recorded for the 4th interest ...

A: Lets understand the basics. When bond is issued at premium then premium needs to amortized either th...

Q: xplain the difference between perpetual inventory system and periodic inventory system

A: Companies and organizations can record their inventories using any of the two inventory system - per...

Q: On January 1, 2018, Toups Inc. changed from FIFO to LIFO for income tax and external reporting purpo...

A: The LIFO reserve can be defined as the amount by which inventory costs under FIFO exceeds inventory ...

Q: In connection with your audit of the financial statements of the Pin Shop Company for the year 2020,...

A: When the investment in stocks is held for trading purposes then the value of the investment is adjus...

Q: 18. Barkley Inc. prepaid for an insurance policy on July 31, Year 2, in the amount of 6,000. The ent...

A: Prepaid insurance policy means that a part of the amount is paid in advance. Here the amount is 6,00...

Q: Cane Company manufactures two products called Alpha and Beta that sell for $185 and $120, respective...

A: (A.) Financial advantage (disadvantage) = $360,000   Alphas   Per Unit $ Sales 112 Less: Va...

Q: For the Year Ended 2020 (Expressed in $ million Assets Cash 90.00 Accounts Receivable 162.00 Invento...

A: Financial ratios (FR) are those ratios which evaluates the financial statements (FS) line items of t...

Q: Part A A software company is considering launching a new product in the market. To record consumer b...

A: Comment- Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the quest...

Q: Would an increase in per-unit selling price cause a company’s break-even point to increase or decrea...

A: The breakeven point (break-even price) for a trade or investment is determined by comparing an asset...

Q: The Philippines debt as of today amounts to 12 trillion. This balloons with an interest rate of 0.16...

A: solution Amortisation is an accounting technique used to periodically lower the book value of a loan...

Q: 2. Apple Company purchases 80 percent of Mango. At the date of acquisition, Mango has revenue of P25...

A: The question is related to Consolidation. The details are given as under  Parent Share = 80% Non Con...

Q: Q.1 A) A Company need Rs. 31,25,000 for the construction for new plant the following three plans are...

A: The capital structure of a company states how much capital is invested in the different types of fin...

Q: On 31 December, 2021, the owner has purchased a fitness equipment amounting $120,000 for her persona...

A: The owner purchased fitness equipment = $ 120000 The equipment is for personal use. The entry is req...

Q: Remy opened her Tours4Fun business. During the first month, January, she completed the following tra...

A: Pencil footing the ledger means the total balance of both side of ledger. After pencil footing balan...

Q: రా The life of each system i 15%. If the firm must sele is the most desirable? Solve using the tota ...

A:         Cash out Flows Systems           Year  PVF@15% A B C D E Present Value of A Present Val...

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.