Plant asset record Study guides, Class notes & Summaries

FBLA Accounting 1 Questions and Answers 100% Correct Return on investment The ration of the money earned on investment relative to the amount of the investment. Real property Land and anything attached to the land. Personal property All property not classified as real property. Assessed value The value of an asset determined by tax authorities for the purpose of calculating taxes. Plant asset record An accounting form on which a business records information about each plant asset. ...

ACCT 2101 Final Exam Study Guide Chapters 1 – 12 Chapter 1 1. The liability created by a business when it purchases coffee beans and coffee cups on credit from suppliers is termed a(n) a. account payable. b. account receivable. c. revenue. d. expense. 2. The right to receive money in the future is called a(n) a. account payable. b. account receivable. c. liability. d. revenue. 3. Borrowing money is an example of a(n) a. delivering activity. b. financing activity. c. inves...

ACHE FINANCE TEST QUESTIONS WITH REVISED AND UPDATED ANSWERS What is fund accounting - Answer-Fund accounting is a record-keeping method to manage categories of net assets to ensure compliance with the restrictions on those funds. Allows NFP/govt agencies have separate entities for specified activities such as operating/general/specific purpose/plant replacement/endowment. each fund self balances such that assets equal liability added to net fund balance Does operating revenue on a statemen...

GFEBS Business Process Areas Already Passed Funds Management Within GFEBS, the Funds Management (FM) business processing function performs the budgeting and funds control for General Fund appropriations received by the Army. The major purposes of Funds Management include: •Distributing, allocating and executing funds •Ensuring that funds are not over-committed •Allowing the Army to perform strategic planning FM integrates primarily with the Financials (FI), Reimbursables (RM), and Spend...

FBLA Accounting 1 Questions and Answers 100% Correct Return on investment The ration of the money earned on investment relative to the amount of the investment. Real property Land and anything attached to the land. Personal property All property not classified as real property. Assessed value The value of an asset determined by tax authorities for the purpose of calculating taxes. Plant asset record An accounting form on which a business records information about each plant asset. ...

Solutions Manual For Fundamental Accounting Principles Volume 2 15TH Canadian Edition By Larson/Jensen/Dieckmann. Quick Study 9-2 (10 minutes) 1. (a) R (b) C (c) R (d) C 2. (a) Mar. 15 Repairs Expense ................................. 120 Accounts Payable .......................... 120 To record repairs. (b) Mar. 15 Refrigeration Equipment .................... 40,000 Accounts Payable .......................... 40,000 To record capital expenditure. (c) Mar. 15 Repairs Expense ........

CFI CBCA Core Course Assessments & Quizzes with Complete Solutions What is the main goal of using business writing fundamentals? To reduce mental effort Which of the following statements describes a "Capacity" strength or weakness for a company in the 5 Cs of credit framework? The net profit margin ratio is high. Which of the following statements describes a "Condition" strength or weakness for a company in the 5 Cs of credit framework? The risks associated with the industry are ...

Testbank to accompany Financial Reporting by Loftus et al © John Wiley & Sons Australia, Ltd 2016   Chapter 3: Fair value measurement Multiple Choice Questions 1) Which of the following is not one of the key reasons given by the IASB for issuing a standard on fair value measurement: a) To establish a single source of guidance for all fair value measurements required or permitted by IFRSs to reduce complexity and improve consistency in thei...

ISDS 4111 Exam 1 | Questions and Answers General data in a vendor master contain all of the following except: a. Name b. Address c. Communication d. Payment terms & methods e. Search Term Which of the following goods movements need not involve a physical movement of materials? a. Goods receipt b. Goods issue c. Stock transfer d. Transfer posting e. None of the above (all involve physical movement of materials) Which of the following is(are) a form of data within the goods receipt step? a. Mate...

GCSS-Army Latest Version Graded A+ Serial Number Change IE02 System number change IB52 Consume Basic Load Migo201 Execute a mass modification of PO and PR ZMODRPT Used to receive components VL06I SLOC used to add or remove property from the property book CDR List material at the work order level IW38 Status displayed to indicate that a PB01 work order is complete TECO Triggered once a request for material master record for non-standard is designated as an end item ZNSWS Substitutions th...