Public Accounting and Auditing...South-western publishing Company, 1920 - Accounting |
From inside the book
Results 1-5 of 53
Page 11
... debited for the net loss before preparing the above entry , a second journal entry will be necessary to adjust the ... debit . The advantages of double entry bookkeeping are many . Among them are to be mentioned . ( a ) A Trial Balance ...
... debited for the net loss before preparing the above entry , a second journal entry will be necessary to adjust the ... debit . The advantages of double entry bookkeeping are many . Among them are to be mentioned . ( a ) A Trial Balance ...
Page 25
... debited to the Surplus account , but when a business becomes insolvent , it is then necessary to set up a Deficiency account debiting it with the net excess loss . A Deficiency account shows that the business has been conducted at a ...
... debited to the Surplus account , but when a business becomes insolvent , it is then necessary to set up a Deficiency account debiting it with the net excess loss . A Deficiency account shows that the business has been conducted at a ...
Page 27
... debit side as assets , and accounts payable and proprietor- ship accounts appearing on the credit side of the Balance Sheet as liabilities . Impersonal accounts represent either assets or liabilities . If assets , they may be either ...
... debit side as assets , and accounts payable and proprietor- ship accounts appearing on the credit side of the Balance Sheet as liabilities . Impersonal accounts represent either assets or liabilities . If assets , they may be either ...
Page 31
... Debit or credit each account with the amount shown in the Balance Sheet prepared at the last closing of the books . 2. Set up the balances of those ledger accounts which were found to be legible after the earthquake . 3. Make the ...
... Debit or credit each account with the amount shown in the Balance Sheet prepared at the last closing of the books . 2. Set up the balances of those ledger accounts which were found to be legible after the earthquake . 3. Make the ...
Page 33
... The record shows the date , name of the account debited and amount , name of the ac- count credited and amount , and the explanation or infor- mation for the auditor . " Roy B. Kester , C. P. A. , in his 33 Books of Original Entry.
... The record shows the date , name of the account debited and amount , name of the ac- count credited and amount , and the explanation or infor- mation for the auditor . " Roy B. Kester , C. P. A. , in his 33 Books of Original Entry.
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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