Accounting 3100 - Study guides, Class notes & Summaries

CPP Certified Payroll Professional Exam 140 Questions with Verified Answers 2019 Counseling is appropriate when: a. salaries have been frozen. b. introducing a new procedure. c. explaining tax law changes. d. orienting new employees. - CORRECT ANSWER a. salaries have been frozen. In addition to the accuracy-related penalty for underpayment of taxes, if the underpayment of taxes is due to fraud, the IRS may asses an additional penalty of: - CORRECT ANSWER 75% If an employer's total...

Accounting equation - answer-Assets = Liabilities + Shareholders' equity (alternative way is Total Assets -Total Liabilities = Total Equity) What are assets - answer-Assets are things of value owned or controlled by a business. When a business has an asset, someone has the rights, or claims, to that asset. There is a claim on every asset in a business. Cash and equipment are common assets. There are two groups who might have claims to a company's assets - creditors and owners. OWN ...

CISA Domain 2 Exam 100 Questions with Verified Answers What does EGIT stand for? What is it's meaning? - CORRECT ANSWER Enterprise Governance of Information and Technology. It a system composed of stakeholders, board of directors, department managers, and internal customers who provide input into the IT decision making process. What are the three broad processes in the EGIT framework are: - CORRECT ANSWER 1. IT Resource Management - Focuses on maintainng an updated inventory of all IT res...

CISA Domain 2 Exam 183 Questions with Verified Answers IT management - CORRECT ANSWER the process of managing activities related to information technology operations and resources, which helps ensure that IT continues to support the defined enterprise objectives IT resource management - CORRECT ANSWER the process of pre-planning, scheduling and allocating the limited IT resources to maximize efficiency in achieving the enterprise objectives - When an organization invests its resources in...

CPP Certified Payroll Professional Exam 140 Questions with Verified Answers 2019 Counseling is appropriate when: a. salaries have been frozen. b. introducing a new procedure. c. explaining tax law changes. d. orienting new employees. - CORRECT ANSWER a. salaries have been frozen. In addition to the accuracy-related penalty for underpayment of taxes, if the underpayment of taxes is due to fraud, the IRS may asses an additional penalty of: - CORRECT ANSWER 75% If an employer's total...

CISA Domain 2 Exam 100 Questions with Verified Answers What does EGIT stand for? What is it's meaning? - CORRECT ANSWER Enterprise Governance of Information and Technology. It a system composed of stakeholders, board of directors, department managers, and internal customers who provide input into the IT decision making process. What are the three broad processes in the EGIT framework are: - CORRECT ANSWER 1. IT Resource Management - Focuses on maintainng an updated inventory of all IT res...

2024 Accounting 3100 Test 2 Exam Questions with Answers 100% Accuracy

SOLUTION 1: SUBSIDIARY JOURNALS EXPRESS SERVICES SUPPLIES (a) CASH RECEIPTS JOURNAL – APRIL 2017 Date Details Bank Sales Trade Services VAT Sundry accounts Receivables rendered Output Control Amount Details R R R R R R 13 Cash Sales (i) 1 482 1 300 182 28 S Smith 400 400 30 Services rendered 5 700 5 000 700 (i) Cash Sales – 13 April Sales (1 482 ∗ 114 ) Total Sales VAT Output 14 (ii) April 30 Services rendered Total Services(1 rendered482∗ 14 ) VAT Output 114 Services r...

Baruch College, CUNY _Acc 3100, Review before Final Exam: Chapter 12-20 on Bonds, Leases, Investments, Pension Accounting, shareholders’ equity, Share-based compensation and Accounting Principles

Chapter 1 Fraud: An Introduction Steven L. Skalak, Manny A. Alas, and Gus Sellitto Fraud evokes a visceral reaction in us. It is an abuse of our expectation of fair treatment by fellow human beings. Beyond that, it is a blow to our self-image as savvy managers capable of deterring or detecting a fraudulent scheme. Whether we react because of our values or our vanity, nobody likes to be duped. Many elements of modern society are focused on maintaining an environment of fair dealing. Laws ...