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What is an unrecorded deposit?
what is unrecorded cheque
Which accounts payable procedure can be used to locate unrecorded liabilities?
Yes, Current Liabilities are liabilities that will be paid off in one year or less. Accounts payable is where you record such liabilities. If it's a payment that will be made in more than one year...accounts payable is a liability.Accounts Payable is a liabilitynone Chart of accounts is used for compiling General Ledger and financial accounts by accountants. AR and AP use aged trial balance.
Accruals are needed when an unrecorded expense has been incurred or an unrecorded revenue has been earned?
true
If current liabilities are 7714 and total liabilities are 18187 what is the ratio of current liabilities to total liabilities?
Current Liabilities to Total Liabilities Ratio = Current Liabilities / Total Liabilities Current Liabilities to Total Liabilities Ratio = 7714 / 18187 Current Liabilities to Total Liabilities Ratio = 0.42 or 42%
What are the classification in the liabilities?
liabilities can be classified as short term liabilities and long term liabilities
What is an unrecorded deposit?
what is unrecorded cheque
Which accounts payable procedure can be used to locate unrecorded liabilities?
Yes, Current Liabilities are liabilities that will be paid off in one year or less. Accounts payable is where you record such liabilities. If it's a payment that will be made in more than one year...accounts payable is a liability.Accounts Payable is a liabilitynone Chart of accounts is used for compiling General Ledger and financial accounts by accountants. AR and AP use aged trial balance.
Accruals are needed when an unrecorded expense has been incurred or an unrecorded revenue has been earned?
true
Are Accruals needed when an unrecorded expense has been incurred or an unrecorded revenue has been earned.?
true
What are the 3 basic elements of cost accounting?
the ability to identify the Assets of the company , as well as the Liabilities , placing each items will allow
If current liabilities are 7714 and total liabilities are 18187 what is the ratio of current liabilities to total liabilities?
Current Liabilities to Total Liabilities Ratio = Current Liabilities / Total Liabilities Current Liabilities to Total Liabilities Ratio = 7714 / 18187 Current Liabilities to Total Liabilities Ratio = 0.42 or 42%
How should unrecorded bank services charges be treated on the bank reconciliation?
On a bank reconciliation. What should the amount of an unrecorded bank service charge be?
What are the classification in the liabilities?
liabilities can be classified as short term liabilities and long term liabilities
Two common subgroups for liabilities on a classified balance sheet are?
current liabilities and long term liabilities
Is accrued expenses payable is an asset or liabilities?
Liabilities
Do Debts owed by a business are referred to as?
Liabilities Liabilities
What is the formula for finding liabilities?
Assets - Capital = Liabilities
