[Tak Tey]

Dear all experts,
To whom it relevant, I am a new user for this question and answer forum.
The question of mine is that what are the elements to be an effective acountat?
Thank You

[Just Looking]

There are a lot of different jobs you can get in accounting, but I would say the following are traits that you will find in accountants:

-Enjoy working with numbers, good math skills.
-Detail oriented.
-Analytical.
-Good computer skills. Spreadsheets are common in practice.
-Good communication skills, both written and verbal.
-Good problem solving skills.
-Business awareness. You will need to keep up your knowledge in a number of areas, including current issues and regulations.

[Tak Tey]

For each of the follwing (1) identify the type of accunt as an asset, liablitity, equity, revenue, or expense, (enter) debit (Dr) or credit (Cr) to identify the kind of entry that would increase the account balance, and (3) identify the normal balance of the account.
a. Unearned Revenue
b. Account Payable
c. Postage Expense
d. Prepaid Insurance
e. Lnad
f. Owner Capital
g. Accounts Receivable
h. Owner Withdrawal
I. Cash
j. Equipment
K. Fees Earned
l. Wages Expense
Pleaze me to do this exercise.

[Just Looking]

Please read this announcement.

Ask Me Help Desk - Announcements in Forum : Homework Help

I'll be happy to help you, but you must first try the exercise on your own. If you'll post your answers, I'll check them for you. Thanks.

[Tak Tey]

I can do only number 1; the next two I have no idea.
Assets
• Land
• Accounts Receivable
• Cash
• Prepaid Insurance

Liabilities
• Accounts Payable
• Unearned Revenue
Equity
• Owner Capital
• Owner Withdrawals
Revenue
• Fees Earned

Expense
• Wages Expense

[Just Looking]

You are off to a good start. Where would you put (j)equipment and (c) postage expense?

Give me a minute. I am going to post a link to where we have helped others with the debits and credits question.

[Just Looking]

Okay, read this thread and I think it will be a big help. If you want to post your responses to the question, I'll check them for you.

https://www.askmehelpdesk.com/accoun...up-532918.html


P.S. In the future, if you have a homework question in Accounting post it on this board.

https://www.askmehelpdesk.com/finance-accounting/

A couple of people who can help in Accounting check that board regularly. We will expect you to try the problem first so we can see what you are understanding and where you need help. Thanks.

[Tak Tey]

This my work; please help me check it whether right or wrong.
Thank you
Indication of the financial statement on which each of the following items appears:
I for income statement, E for statement of owner's equity, and B for balance sheet
a. Office Supplies (B)
b. Services Revenue (I)
c. Interest Payable (B)
d. Accounts Receivable (B)
e. Salaries Expense (I)
f. Equipment (B)
g. Prepaid Insurance (B)
h. Buildings (B)
I. Interest Revenue (B)
j. Withdrawals (E)

Please give me suggestion

[Just Looking]

Everything is right except (I) Interest Revenue. It belongs on the Income Statement.