100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
mrts 1342 Exam Study Guide with Complete Solutions $9.99   Add to cart

Exam (elaborations)

mrts 1342 Exam Study Guide with Complete Solutions

 1 view  0 purchase
  • Course
  • MRTS 1342
  • Institution
  • MRTS 1342

mrts 1342 Exam Study Guide with Complete Solutions Net Pay - Answer️️ -what you take home after taxes Steps in the Accounting Cycle - Answer️️ -Analyze, Record, classifies, summarizes, reports, interprets common special journals - Answer️️ -1. sales journal 2. cash receipts journa...

[Show more]

Preview 2 out of 9  pages

  • September 15, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MRTS 1342
  • MRTS 1342
avatar-seller
SophiaBennett
©SOPHIABENNETT
EXAM_SOLUTIONS GUARANTEED SUCCESS 2024/2025 ACADEMIC YEAR




©SOPHIABENNETT 9/3/24 2024/2025

, ©SOPHIABENNETT EXAM SOLUTIONS_2024/2025 Tuesday, September 3, 2024 10:30 AM



mrts 1342 Exam Study Guide with
Complete Solutions


Net Pay - Answer✔️✔️-what you take home after taxes


Steps in the Accounting Cycle - Answer✔️✔️-Analyze, Record, classifies, summarizes,

reports, interprets

common special journals - Answer✔️✔️-1. sales journal

2. cash receipts journal

3. purchase journal

4. cash disbursement journal

GAAP - Answer✔️✔️-Generally Accepted Accounting Principles

Gross Profit Formula - Answer✔️✔️-net sales - cost of goods sold

Sole Proprietorship - Answer✔️✔️-A business owned by one person

Net Sales Formula - Answer✔️✔️-Gross sales - sales Discount- SRA

limited partners - Answer✔️✔️-investors who invest in venture capital funds

2/10, n/30 - Answer✔️✔️-2% discount if paid within 10 days, otherwise net amount due

within 30 days

silent partner - Answer✔️✔️-An individual who takes no active part in the management of

a partnership, but has capital invested in the business.




Page | 1

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller SophiaBennett. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79373 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart