Public Accounting and Auditing...South-western publishing Company, 1920 - Accounting |
From inside the book
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Page 7
... controlling account with " Accounts Receivable " in the general ledger showed an overfooting on both sides of the same amount . ( b ) The " Stationery and Printing " column in purchases journal was underfooted $ 1.00 while the ...
... controlling account with " Accounts Receivable " in the general ledger showed an overfooting on both sides of the same amount . ( b ) The " Stationery and Printing " column in purchases journal was underfooted $ 1.00 while the ...
Page 24
... controlling accounts . 5. Check any other subsidiary lists of accounts with con- trolling accounts . 6. Check extensions and footings of inventories ; test the inventory . 7. Verify outstanding capital stock by comparison of stock ...
... controlling accounts . 5. Check any other subsidiary lists of accounts with con- trolling accounts . 6. Check extensions and footings of inventories ; test the inventory . 7. Verify outstanding capital stock by comparison of stock ...
Page 30
... controlling accounts are kept . State reasons for and against such procedure . Inst . Ex . 1919 . B. ACCOUNTING PROBLEMS I. The Trial Balance of the Yellow Pine Timber Co. on January 1 , 1920 , was as follows : Cash ..... Accounts ...
... controlling accounts are kept . State reasons for and against such procedure . Inst . Ex . 1919 . B. ACCOUNTING PROBLEMS I. The Trial Balance of the Yellow Pine Timber Co. on January 1 , 1920 , was as follows : Cash ..... Accounts ...
Page 36
... Controlling Accounts . A controlling account for each sub- sidiary ledger will be kept in the general ledger , and this con- trolling account will show at all times the exact status of the subsidiary ledger . By means of controlling ...
... Controlling Accounts . A controlling account for each sub- sidiary ledger will be kept in the general ledger , and this con- trolling account will show at all times the exact status of the subsidiary ledger . By means of controlling ...
Page 37
... controlling account is used . " The chart also shows that if the business is a manufacturing business and it is desired to maintain a cost system , a sepa- rate factory cost ledger may be kept , but that this will be con- trolled by an ...
... controlling account is used . " The chart also shows that if the business is a manufacturing business and it is desired to maintain a cost system , a sepa- rate factory cost ledger may be kept , but that this will be con- trolled by an ...
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Common terms and phrases
accounts payable accounts receivable accrued adjusting entries auditor bad debts Balance Sheet audit bank Blank Manufacturing bookkeeper books of account buildings C. P. A. Ind Capital Stock cash book certificate charged client columns contract controlling account corporation cost price creditors current assets current liabilities customers debit deducted dividends endorsement expenditures expenses fiscal period fixed assets included Income Tax Inst inventory investments invoices journal entries junior ledger accounts Liberty bonds ment merchandise method mortgage necessary negotiable instruments nominal accounts notes payable notes receivable paid par value payment preferred stock premium prepared Profit and Loss purchased real estate record reserve for depreciation sales ledger securities selling shares shown Sinking Fund sold statement stockholders subsidiary ledger Surplus tion trade transactions treasury stock Trial Balance trustee usually verify voucher XX XXXX.XX XX XXXXX XXXX.XX XXXX XXXXX.XX XXXXX.XX