Fundamentals of Accounting Principles And Practice of Bookkeeping volume 1
Fundamentals of Accounting Principles And Practice of Bookkeeping volume 1
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Why? 14. How often is the cash receipts journal summarized? 15. When should the current record in the cash receipts journal be posted? 1 6. What is the effect on the equilibrium of the ledger of this day- to- day posting? 17. When is the summary entry posted? 18. What is the effect of the posting of the summary entry on the equilibrium of the ledger? 19. How are the ledger and journal entries cross-indexed? 20. Which one of the other journals has its debit element suppressed? 21. Compare the ca...sh receipts journal and the purchase journal. 22. What are the advantages of the cash receipts journal? 23. What is meant by a "split transaction"? 24. Explain the method of entering a transaction involving a cash discount. 25. Give several other examples of transactions requiring records in two or more journals. THE CASH RECEIPTS JOURNAL 329 PROBLEMS i. (a) Write up a cash receipts journal for the following transactions: June, 19 1. James T. Carlton began business with a cash investment of $5, ooo.
What to read after Fundamentals of Accounting Principles And Practice of Bookkeeping volume 1?
You can find similar books in the "Read Also" column, or choose other free books by Koopman, Sietse Bernard, 1876- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Why? 14. How often is the cash receipts journal summarized? 15. When should the current record in the cash receipts journal be posted? 1 6. What is the effect on the equilibrium of the ledger of this day- to- day posting? 17. When is the summary entry posted? 18. What is the effect of the posting of the summary entry on the equilibrium of the ledger? 19. How are the ledger and journal entries cross-indexed? 20. Which one of the other journals has its debit element suppressed? 21. Compare the ca...sh receipts journal and the purchase journal. 22. What are the advantages of the cash receipts journal? 23. What is meant by a "split transaction"? 24. Explain the method of entering a transaction involving a cash discount. 25. Give several other examples of transactions requiring records in two or more journals. THE CASH RECEIPTS JOURNAL 329 PROBLEMS i. (a) Write up a cash receipts journal for the following transactions: June, 19 1. James T. Carlton began business with a cash investment of $5, ooo.
What to read after Fundamentals of Accounting Principles And Practice of Bookkeeping volume 1?
You can find similar books in the "Read Also" column, or choose other free books by Koopman, Sietse Bernard, 1876- to read onlineMoreLess
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