Merchandise - Study guides, Class notes & Summaries

FAC2246 October Exam (DETAILED ANSWERS) 2023 100% TRUSTED workings, explanations and solutions. For assistance call or us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . Question 1 (20 Marks) The partnership agreement of Madi-Maxi Traders provided for the following: Balances on 1 March 20.19: Capital: Madi R 125 000 Maxi R 85 000 Current Account: Madi R 24 000 Maxi R 8 000 (debit) Net profit for the period: R 366 000 Transactions during the year, not included in profit: 1. Madi wi...

MAC3702 Assignment 1 (DETAILED ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references ............ Question 1 Complete Mark 1.00 out of 1.00 Papraika Limited (also known as “Papraika Stores”) is the largest non-food retailer in South Africa and is listed on theJohannesburg Stock Exchange (JSE). The company is the leading retailer of clothing, home appliances, stationery,cosmetics, accessories and ce...

2024|2025 INTUIT BOOKKEEPING LATEST EXAM | QUESTIONS WITH CORRECT ANSWERS When choosing between two solutions, the one that will be least likely to overstate assets and income should be selected. Correct Answer: Conservatism Assumption States that an amount can be ignored if its effect on the financial statements is small and not misleading Correct Answer: Materiality Principle Once you adopt an accounting principle or method, continue to follow it consistently in future accounting peri...

True/False: The Arkansas Auctioneers Licensing Board is appointed by vote of the Arkansas General Assembly Correct Answer False - The governor shall appoint the members of the Board All auctioneer licenses expire: Correct Answer June 30th True/False: The Arkansas Auctioneers Licensing Board has the final decision in the suspension or revocation of an auctioneer's license. Correct Answer False - The Auctioneers License Act indicates the "Board shall be subject to the Arkansas Administrati...

What amount will be paid under a policy where the insured misstated his/her age? - Answer- an amount the premium would have purchased at the correct age the acceptance of a credit life application requires the submission of a certificate of insurance to the insured within_____ days - Answer- 30 days which of these is considered to be a Living benefit option in a life insurance policy - Answer- Accelerated death benefit loans obtained by a policy owner against the cash value of a life in...

bank reconciliation - a report explaining any differences between the checking account balance according to the depositor's records and the balance reported on the bank statement. cash - currency and coins along with the amounts on deposit in bank accounts, checking accounts, and many savings accounts. cash discount - reduction in a receivable or payable if it is paid within the discount period. cash equivalents - short-term, highly liquid investment assets meeting two criteria: (1) readil...

Crematory & Cemetery Operations - BUS 313 Final Review 2024.It is believed that the first cremation occurred during the - ANSWER stone age The public see funerals as an important part of the grieving process - ANSWER true The concept of the disembodied souls which through the ceremonies by the living is liberated from the body to then enter into the spiritual life is credited to - ANSWER ancient Scandinavians The internet is increasingly relied upon as a resource for information in fune...

Two correct answer in order to supervise a provisional licensee, the sponsor mush have been licensed for a minimum of ____ years Three correct answer Texas Law requires the funeral service establishment document the efforts to obtain permission to embalm for a minimum of ____ hours One must be a provisional licensee for a minimum of ___ months and a maximum of ___ months correct answer 12, 24 When does 'Funeral Directing' begin? correct answer First Call When does 'Funeral Directi...

Test Bank for Financial Accounting 12e 12th Edition by Jerry J. Weygandt, Paul D. Kimmel; Jill E. Mitchell. Full Chapters test bank are included (Chapter 1 to 13 + Appendix F,G,H,I,K) 1 Accounting in Action 1-1 Knowing the Numbers: Columbia Sportswear 1-1 1.1 Accounting Activities and Users 1-3 Three Activities 1-3 Data Analytics 1-4 Who Uses Accounting Data 1-5 1.2 The Building Blocks of Accounting 1-7 Ethics in Financial Reporting 1-8 Generally Accepted Accounting Pr...

Purchasing (Action) Obtaining merchandise, capital equipment; raw materials, services, or maintenance, repair, and operating (MRO) supplies in exchange for money, or its equivalent. Purchasing (Function) key business function for acquiring materials, services, & equipment Contracting term often used for the acquisition of services Supply Management a newer term that encompasses all acquisition activities beyond the simple purchase transaction. "Identification, acquisition, access, posi...