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Facts that You Should Know about the Trial Balance. Is a listing of all the assets, liabilities, capital, revenue and expenses account balances at one point in time. Purpose of the Trial Balance. 1 It indicates if the ledger is in balance by showing whether the total accounts with debit balances equals the total accounts with credit balances. 2 It aids in allocating errors. 3 It assists in the preparation of financial statement. 1 No entry was made for a given transactions. 2 An entry was posted twice.

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Facts that You Should Know about the Trial Balance. Is a listing of all the assets, liabilities, capital, revenue and expenses account balances at one point in time. Purpose of the Trial Balance. 1 It indicates if the ledger is in balance by showing whether the total accounts with debit balances equals the total accounts with credit balances. 2 It aids in allocating errors. 3 It assists in the preparation of financial statement. 1 No entry was made for a given transactions. 2 An entry was posted twice.

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Accounting Archives | accountingarchives.blogspot.com Reviews

https://accountingarchives.blogspot.com

Facts that You Should Know about the Trial Balance. Is a listing of all the assets, liabilities, capital, revenue and expenses account balances at one point in time. Purpose of the Trial Balance. 1 It indicates if the ledger is in balance by showing whether the total accounts with debit balances equals the total accounts with credit balances. 2 It aids in allocating errors. 3 It assists in the preparation of financial statement. 1 No entry was made for a given transactions. 2 An entry was posted twice.

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accountingarchives.blogspot.com

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Accounting Archives: December 2011

http://accountingarchives.blogspot.com/2011_12_01_archive.html

Love Entries: Mood: Sad. Mahal mo ba ako? Tingnan mong mabuti ha, para malaman mo. 1) Pag sa ibang usapan ang aga mong dumating, bakit pag date natin, isang oras mo ako pinaghihintay? 2) Pag may ibang nagtext sa’yo, ang bilis mong magreply, pag ako nagtext, sinasabi mo lagi “senxa na kung di agad ako nakareply, may ginagawa lang ako kanina.”. May masasabi ka pa ba? Sana maintindihan mo bakit laging mainit ang ulo ko. Pero sa totoo, mahal pa rin kita kahit ginagawa mong lahat ng ikinaiinit ng ulo ko.

2

Accounting Archives: November 2011

http://accountingarchives.blogspot.com/2011_11_01_archive.html

Quiz No. 1 Accounting and Tax Quiz. Mitsu Busy is an independent traveling salesman, deriving his income solely from commissions and personally bearing all expenses without reimbursement or any kind. During the taxable year 2010, Mitsu Busy incurs the following expenses pertaining directly to his activities as an independent traveling salesman:. What amount can Mitsu Busy deduct from his gross income? Answer: P1,400,000. Travelling expenses P650,000. Secretarial expenses 250,000. Total P1,400,000. Contes...

3

Accounting Archives: Facts that You Should Know about the Trial Balance

http://accountingarchives.blogspot.com/2012/01/facts-that-you-should-know-about-trial.html

Facts that You Should Know about the Trial Balance. Is a listing of all the assets, liabilities, capital, revenue and expenses account balances at one point in time. Purpose of the Trial Balance. 1 It indicates if the ledger is in balance by showing whether the total accounts with debit balances equals the total accounts with credit balances. 2 It aids in allocating errors. 3 It assists in the preparation of financial statement. 1 No entry was made for a given transactions. 2 An entry was posted twice.

4

Accounting Archives: October 2011

http://accountingarchives.blogspot.com/2011_10_01_archive.html

The Biggest Auditing Firms in the Philippines. SGV and Co. . SyCip Gorres Velayo and Co.) - This is a member firm of Ernst and Young. Http:/ www.ey.com/PH/en/Home. October 2011 CPA Licensure Examination Results. Congratulations to our New CPAs in the Philippines! October 2011 CPA Licensure Examination Results. Released on October 17, 2011. Who are the Topnotchers? 1 Jerome Austria (94.0%) – Ateneo de Naga University, Camarines Sur. 2 Carlos Yu Jr. (93.43 percent) — UP Diliman. Subscribe to: Posts (Atom).

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Accounting Archives: The Rules of Debit and Credit: An Overview

http://accountingarchives.blogspot.com/2012/01/rules-of-debit-and-credit-overview.html

The Rules of Debit and Credit: An Overview. Some accounting students are not yet aware on the rules on debits and credit, which are summarized below:. Rules for Asset Accounts. 1 Assets accounts are increased by debits. 2 Assets accounts are decreased by credits. 3 The normal balance is a debit balance. Rules for Liability and Owner’s Equity Accounts:. 1 Liability and capital accounts are increased by credits. 2 Liability and capital accounts are decreased by debits. Subscribe to: Post Comments (Atom).

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accountingarchives.blogspot.com

Accounting Archives

Facts that You Should Know about the Trial Balance. Is a listing of all the assets, liabilities, capital, revenue and expenses account balances at one point in time. Purpose of the Trial Balance. 1 It indicates if the ledger is in balance by showing whether the total accounts with debit balances equals the total accounts with credit balances. 2 It aids in allocating errors. 3 It assists in the preparation of financial statement. 1 No entry was made for a given transactions. 2 An entry was posted twice.

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