 Related Questions Should the Cash Discounts GL hit the Balance Sheet in SAP from US concept. If yes then why? Or If No, they why?Please explain how the entry flows and also how would you clear the Open item in cash discount GL and analyse the reason for the same. Read Answers (1) | Asked by : John Mathew Latest Answer : Adjusting entries are not "correcting entries." By textbook definition, they are periodic entries made to satisfy the revenue recognition principle and matching principle. They never involve the cash accounts, and must involve one income statment ... Which of the following dose not included in the Government accounting Balance sheet: 1) Asset, 2) Cost, 3) Liability, 4) Surplus. Read Answers (7) | Asked by : cc Latest Answer : Double entry book keeping system was first mentioned by "Luca De Bargo Pacioli" in his book Summa de arithmetica in 1494.He was a classmate of Leonardo Da Vinci. The book Summa De Arithmetica was basically about maths and arithmatics. But double entry ... Latest Answer : A form of financing in which large capital expenditures are kept off of a company's balance sheet through various classification methods. Companies will often use off-balance-sheet financing to keep their debt to equity (D/E) and leverage ... Latest Answer : Shadow balance is that balance which is not yet clear.Consider any company's case.Company has given money to someone by a cheque. Then they have shown in their cash book that money has been given. Subsequently the balance will show lower. While the ... the person who has been in the mid career level as asst.mgr ,taking care of various function and porfolios of accounts department and expert knowledge in accounting concepts is said to be ab manager -accounts Latest Answer : when we see their difference from broad organizational reviewthe function of accounts manager1. the approval of the accounting system utilization and calculated amounts in supportable documents ,for example in journal vouchers2. the approval of the newly ... What is purchasing order?What is vendor?What is sarbanes-oxley act?what is debit and credit note?What is basic accounting principles?what is dual aspect concept?what is depreciation? and how many types and details?what is cash flow and funds flow?what is capital gain? Read Answers (4) | Asked by : T.K.B.Srinivasan Latest Answer : Debit to an EXPENSE ACCOUNT Credit to PROVISION ACCOUNTFROM: LEO OMAMALIN ... Read Answers (3) | Asked by : vijay If i have paid for something why cant i expense the entire amount on the income statement?why do we need to make an adjustment to the insurance policy at the end of the year? wouldn't it have easier to record the entire balance as an expense in November when the policy was ?purchased?why do I need to take an inventory count of my supplies at the end of the year?If I receive the Hydro bill on August 5th, why don't we record the transaction for the next fiscal period rather then include Read Answers (1) | Asked by : Nick
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