Public Accounting and Auditing...South-western publishing Company, 1920 - Accounting |
From inside the book
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Page 7
... fiscal period . ( b ) In analyzing the account with Buildings , it was dis- covered that an end wall of a concrete building had partly caved in . The cost of repairing the wall was $ 2,195.30 and this sum had been charged to the ...
... fiscal period . ( b ) In analyzing the account with Buildings , it was dis- covered that an end wall of a concrete building had partly caved in . The cost of repairing the wall was $ 2,195.30 and this sum had been charged to the ...
Page 25
... year . Some authorities hold that all current assets must be those which can be realized upon within the cur- rent fiscal period , or , at least , within a year . However , it is conceded good practice to class all accounts with ...
... year . Some authorities hold that all current assets must be those which can be realized upon within the cur- rent fiscal period , or , at least , within a year . However , it is conceded good practice to class all accounts with ...
Page 27
... year or within the present fiscal period , are listed as fixed liabilities . The Public Service Commission of New York says : " Funded debt comprises all debt which by the terms of its creation does not mature until more than one year ...
... year or within the present fiscal period , are listed as fixed liabilities . The Public Service Commission of New York says : " Funded debt comprises all debt which by the terms of its creation does not mature until more than one year ...
Page 34
... fiscal period , and adjusting and closing entries at the end of the fiscal period . Of course , any special entries that cannot properly be classified in the special journals will be recorded in the general journal . BOOKS OF FINAL ...
... fiscal period , and adjusting and closing entries at the end of the fiscal period . Of course , any special entries that cannot properly be classified in the special journals will be recorded in the general journal . BOOKS OF FINAL ...
Page 37
... fiscal period . In most cases it is advisable to make this check at least once a month . The professional auditor , however , will never accept a Trial Balance from the general ledger without preparing schedules from all the subsidiary ...
... fiscal period . In most cases it is advisable to make this check at least once a month . The professional auditor , however , will never accept a Trial Balance from the general ledger without preparing schedules from all the subsidiary ...
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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