have been made from a company’s bank account. You would use this when a company makes a payment from their account. A subsidiary ledger is a group of accounts with a common characteristic. Its purpose is to free the general ledger from the details of the individual balances. It is an addition to‚ and an expansion of‚ the general ledger. A control account is a general ledger account that summarizes subsidiary ledger data. Its purpose is to keep the general ledger free of details‚ yet have the correct
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What are the advantages of the four different special journals? When would you use each type? First of all‚ there are four different types of journals; sales journal‚ cash receipts journal‚ purchases journal‚ and cash payments journal. All of the following journals have their own special advantage. The advantage to the sales journal is that it is only a one line entry which leaves less room for error and saves time. When a credit sale is completed that is a good time to use the sales journal.
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Let talk about the T-mobile‚ the wireless telephone industry is growing at a rapid pace. According to Solomon – Wolff associates‚ the strongest user group is the 31-45 age group and the growth trend is expected to peak over the next ten years. T-mobile is one of the fastest- growing nationwide providers of wireless data‚ messaging and voice services. Its annual revenue in 2004 was $11.7 billion‚ a 40 percent increase from $8.4 billion in 2003. In the new trend‚ T-mobile will provide caller tunes
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Table of Contents Executive Summary………………………………………………………………………2 Company Description………………………………………………………….…………2 Situation Analysis………………………………………………………………………...3 SWOT Analysis…………………………………………………………………………….3 Environmental Scan………………………………………………………………………..4 Plan Objectives……………………………………………………………………………..5 Market Segmentation and Buyer Behavior………………………………………………6 Target Markets…………………………………………………………………………….6 Industry Analysis……………………………….………………………………………….7 Competitor Analysis………………………………………………………………………
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Special Journals and Subsidiary Ledgers The four different types of special journals are sales journal‚ cash receipts journal‚ purchase journal‚ and cash payments journal. Special journals reduce the time needed to complete the posting process and they permit greater division of labor‚ this allows several people to record entries in different journals at the same time. When a transaction cannot be recorded in a special journal it is recorded in a general journal. A sales journal would
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Lab Name:Titration of NaOH Author: Simon Sun Lab Partner: Jason Lee & Fiona Wang Date: March 10th & 17th Introduction： The purpose of this lab is to observe the titration between acid and base‚ and calculate the morality of unknown solution base on the volume required to reach equivalence point and stoicheiometry. There are two groups of experiments. The first one is the reaction between nitric acid and sodium hydroxide which is a reaction between strong acid and strong
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19-Mar T.Rudder 930 transferred to sales account 8‚850 Jackie’s Grocery Sales Ledger Date Details Folio $ Date Details Folio $ M.Davis A/c 2014 02-Mar Sales 2‚890 G.Hinkson A/c 06-Mar Sales 3‚560 P.Wendell A/c 06-Mar Sales 1‚470 25-Mar Returns Inwards 130 T. Rudder A/c 19-Mar Sales 930
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EXERCISE 2-14 Journal Entries and T-accounts The Polaris Company uses a job-order costing system. The following data relate to October‚ the first month of the company’s fiscal year. a. Raw materials purchased on account‚ $210‚000. b. Raw materials issued to production‚ $190‚000 ($178‚000 direct materials and $12‚000 indirect materials). c. Direct labor cost incurred‚ $90‚000; indirect labor cost incurred‚ $110‚000. d. Depreciation recorded on factory equipment‚ $40‚000. e. Other manufacturing overhead
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nice‚ or a professional landscaper‚ making lawn and landscapes nice‚ clean‚ and manicured‚ Professional Landscaping is important to Societies‚ communities‚ and the Environment. A Lot of times landscaping can make up one’s opinion about a neighborhood‚ and or town because of nicd landscaping or flower beds‚ a nice manicured lawns and little details that help make it up. When in Landscaping‚ the first glimpse at a lawn should be the best after a fresh mow or some sort of weekly yard maintenance. Weekly
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procedures in collection‚ processing‚ and communication of financial information. There are 7 basis steps of accounting cycle which comprise of source documents‚ prima entry‚ ledger‚ draft trial balances & financial statement‚ adjustments‚ adjusted trial balance & financial statement and closing entries. At first source documents‚ are things like invoice‚ credit note‚ debit note‚ cash bill‚ payment voucher‚ official receipt‚ cheque counterfoil and memo. All this document are related
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