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accounting year. (If the company had Cash of $987 at the end of the accounting year, it will begin the next accounting year with Cash of $987.) The income statement accounts are known as temporary or nominal accounts since these accounts are closed at the end of the accounting year. In other words, the balances in the accounts
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Preview and Download !The Accounting equation Read the information below on assets, liabilities and owner’s equity and do the exercise that follows. In a business, there are two types of assets. Fixed assets are assets that have a long lifespan, such as buildings, plant and equipment, and vehicles. Current assets are assets that have a short lifespan.
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Preview and Download !CLEMONS RICHTER & REISS . A Professional Corporation . 107 EAST OAKLAND AVENUE . DOYLESTOWN, PA, 18901 . Phone 215-348-1776 . WWW.CLEMONSLAW.COM. ESTATE PLANNING ...
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Preview and Download !SPECIALIZING IN SMALL BUSINESSES & TAXES . Name Year If this is your first year – Give Start Date . MARY KAY WORKSHEET . THIS IS AN INFORMATION WORKSHEET FOR OUR CLIENTS
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Preview and Download !Reminder: Any adjusting entries need to be recorded into the accounting system via journal entries. (ie just because you put them on the w-sheet; that doesn't get them into the accounting system.) So don't forget to journalize the adjustments just as we did in a previous chapter. We will demonstrate the preparation of a worksheet in class in ...
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Preview and Download !ACCOUNTING GRADE 9 . CASH AND CREDIT TRANSACTIONS . INDEX . LEARNER SUPPORT MATERIAL PAGE EXERCISE NUMBER PAGE SECTION 4 Debtors, related Journals and posting to the General Ledger Source Documents Debtors Journal and Posting to the General Ledger Debtors Allowance Journal, Credit notes and Posting to the General Ledger
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Preview and Download !Make a Budget Use this worksheet to see how much money you spend this month. Then, use this month’s . information to help you plan next month’s budget.
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Preview and Download !Accounting - practical activity Activity 1: Effect on accounting equation Study the transactions below and explain the effect these transactions will have on the accounting equation. Record your answers in the table. An example has been provided to assist you. Example: An invoice reveals that the business bought equipment for cash, R2 000.
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Preview and Download !Worksheets." Basic Accounting Lesson Plans, Bookkeeping, Teaching Business 101, Worksheets. Money Instructor, 2015. Web. 11 July 2015. New Milford Public Schools Committee Member(s): Janice Perrone Course/Subject: College Level Accounting 2 Unit 2: Analyzing Transactions and Grade Level: 11-12
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Preview and Download !Accounting 104 Monopoly Project Chart of Accounts Patricia Carlson. Patricia Carlson Accounting 104 Page 2 of 21. JOURNAL. Page. 1. Description. Post Ref. Debit Credit. 1 Nov. 1 Cash. 110 $ 1,500.00 1 2. Owner, Capital 310 $ 1,500.00 2 3. Owner's initial investment 3. 4 4. 5 1. Game Piece 130 $ 350.00 5.
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