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Type: Posts; User: lnguyen
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Hello,
I am in the process of doing a bank reconciliation in Great Plains accounting software. However, the checkbook is very messy; checks that were dated in 2002 are still in the system. So there...
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Provision lost- Expense (income statement)
Accumulated Depreciation is a Contra-Asset, so it belongs to Assets. (B/S)
Allowance for Doubtful Accounts: Assets (B/S)
(A/R less: allowance for...
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Provision lost is classified as Expense
Accumulated Depreciation is a Contra-Asset, so it belongs to Assets.
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key: Purchases of inventory are equal to the next month's cost of Goods Sold (Next month of July means August selling price,) so 30% x $240000 = $72000.
Key: 25% are paid in the month of...
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Here is the question: Change re-occurring entry to $450. For Aug. as we overpaid them $3000 in July.
I don't how to make a re-occuring or recurring entry. Would any genious in here please? What do...
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Balance Sheet breaks down three categories: asset= Liability+SE
Asset
Current Asset (classify the ones that easily convert into cash fast first)
Cash 20000
AR ...
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