Public Accounting and Auditing...South-western publishing Company, 1920 - Accounting |
From inside the book
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Page 10
... taken unless the auditor goes over the journal or day book and sets up accounts and posts all entries or arranges them in columns on a working sheet . ( c ) Errors which creep into the records are not easily detected . ( d ) A Balance ...
... taken unless the auditor goes over the journal or day book and sets up accounts and posts all entries or arranges them in columns on a working sheet . ( c ) Errors which creep into the records are not easily detected . ( d ) A Balance ...
Page 11
... taken from the ledger at any time , thereby determining the accuracy of the posting and the equilibrium of the accounts . ( b ) A Profit and Loss statement can be prepared from the nominal accounts and a Balance Sheet from the real ...
... taken from the ledger at any time , thereby determining the accuracy of the posting and the equilibrium of the accounts . ( b ) A Profit and Loss statement can be prepared from the nominal accounts and a Balance Sheet from the real ...
Page 15
... taken from the latter , appear as follows : Cash .... Merchandise Inventory . Notes Receivable ... Accounts Receivable .. Real Estate ..... Plant and Equipment . Furniture and Fixtures . Notes Payable ... Accounts Payable .. Assets ...
... taken from the latter , appear as follows : Cash .... Merchandise Inventory . Notes Receivable ... Accounts Receivable .. Real Estate ..... Plant and Equipment . Furniture and Fixtures . Notes Payable ... Accounts Payable .. Assets ...
Page 25
... taken up what is known as a Balance Sheet audit ; therefore , it is necessary at this point to devote a brief dis- cussion to the subdivisions of accounts . Since a Balance Sheet is made up of ASSETS and LIABILITIES , these will now be ...
... taken up what is known as a Balance Sheet audit ; therefore , it is necessary at this point to devote a brief dis- cussion to the subdivisions of accounts . Since a Balance Sheet is made up of ASSETS and LIABILITIES , these will now be ...
Page 38
... taken up . Conflicting theories exist . First ; Accountants in England and America do not agree with reference to the listing of the assets on the debit side of the Balance Sheet and the liabilities on the credit side . English ...
... taken up . Conflicting theories exist . First ; Accountants in England and America do not agree with reference to the listing of the assets on the debit side of the Balance Sheet and the liabilities on the credit side . English ...
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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