Public Accounting and Auditing...South-western publishing Company, 1920 - Accounting |
From inside the book
Results 1-5 of 59
Page 7
... deduct discounts from a number of invoices although they were paid in the discount period according to terms . ( b ) Delivery service was rendered in behalf of another company but not billed nor collected . ( c ) In auditing the books ...
... deduct discounts from a number of invoices although they were paid in the discount period according to terms . ( b ) Delivery service was rendered in behalf of another company but not billed nor collected . ( c ) In auditing the books ...
Page 11
... deduct from , the assets and liabil- ities as at the beginning of the period , the transactions of the period shown by the sundry records and memoranda . 5. To convert a single entry set of books to a double entry system is not at all ...
... deduct from , the assets and liabil- ities as at the beginning of the period , the transactions of the period shown by the sundry records and memoranda . 5. To convert a single entry set of books to a double entry system is not at all ...
Page 28
... deducting the special losses , to ascertain the net profit or net loss for the period . Naturally the owners , includ- ing the partners and stockholders , are interested in and want to know , first , what their total net income has been ...
... deducting the special losses , to ascertain the net profit or net loss for the period . Naturally the owners , includ- ing the partners and stockholders , are interested in and want to know , first , what their total net income has been ...
Page 38
... deduction there- from if there is a deficiency . " A Model Balance Sheet . The Model Balance Sheet illustrated on pages 40 and 41 shows the arrangement of the different classes of real accounts in accordance with a tentative * Of the ...
... deduction there- from if there is a deficiency . " A Model Balance Sheet . The Model Balance Sheet illustrated on pages 40 and 41 shows the arrangement of the different classes of real accounts in accordance with a tentative * Of the ...
Page 39
... deducted from the par- ticular fixed asset to which they are applicable . For instance , a reserve for depreciation on machinery is a deduction from the Machinery account on the Balance Sheet and not from the total fixed assets , even ...
... deducted from the par- ticular fixed asset to which they are applicable . For instance , a reserve for depreciation on machinery is a deduction from the Machinery account on the Balance Sheet and not from the total fixed assets , even ...
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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