Multiple choices

1. The Sales account and Purchases account should include:

b. only credit sales and credit purchases of merchandise.

2. Purchasers of merchandise may be dissatisfied with the quality of goods purchased on account, and return the goods to the seller with an indication that payment will not be forthcoming. In such case, the document prepared by the purchaser is called:
a. debit memorandum.
3. Bergstrom accepted the return of merchandise by a customer. The merchandise had been sold on account, and payment had not been received on the date of return. The returned goods retailed for $400, but cost Bergstrom only $300. The appropriate journal entry for Bergstrom is:
b. Sales Returns & Allowances          400
        Accounts Receivable                         400
4. Which of the following statements is true?

c. Cash discounts may not be used in conjunction with trade discounts.

5. Lux had net purchases of $50,000, ending inventory of $25,000, net sales of $100,000, and gross profit of $32,000. How much was Lux's beginning inventory?

b. $43,000

7. On March 1, Zekew Company purchased $1,000 of merchandise, terms 1/10, n/30. Zekew uses the net method of recording purchases. Payment of the accounts payable was made on March 4. Which of the following journal entries is appropriate for the March 4 transaction?

b. Accounts Payable          990
        Cash                                 990

8. Dodd Company utilizes the periodic inventory accounting system. Dodd had beginning inventory of $59,000, ending inventory of $37,000, and net purchases of $123,000. Which of the following components should be included in the year-end closing entries prepared by Dodd?

c. Income Summary     59,000
        Inventory                             59,000

9. Russell Merchandising uses the perpetual inventory system.  Which of the following statements is correct?

b. When Russell records a sale, it should also credit inventory.

Debt Consolidation Service Or File Bankruptcy?

In my opinion, people go through bad situations because the economy is something that can be lost in an instant of time, a bad economic situation can cause people to start selling their belongings to see the situation in which they occur.

Another option is to use credit cards and so can stay while they find a better economic stability.

Finally, to my mind should have a Plan B to deal with these situations are very common.

·      1.   As a general concept comprises knowledge of or skill in or observation of something or some event gained through involvement in or exposure to that thing or event. (s: experience)

·       2.  economic blockade (s: freezer)

·         3. displeasure (s:degree)

·       4.   be unique and important (s:priority)

·         5. separative phrase (though)

·       6.   meeting specifies of people in a company (s:committee)

·       7.   Recycle Bin (s:fillout)

·         8. Confidence (s: confidente)

·         9. working group (s: teamwork)

10. administration (s: management)

COMPANY ALPIN

COMPANY ALPIN

Consumer	YEAR	YEAR
	2010	2011
January	250	200
February	200	250
March	158	100
April	129	150
May	190	250
June	200	100
July	110	300
August	120	350
September	500	400
October	800	450
November	700	500
December	1100	800

·         In the alpin company, we have a great demand in the holiday season, because the plaintiffs have to give different products at this time.

·         The offseason is where this company should "tighten their belt" because it could reach closure.

·         Mid-year this company has to have a good administration to stay competitive.

Information And Advice On Business Home Internet Marketing Opportunity

Cons:

1. Not sure

2. You risk your money

3. Maybe not give you that you choose

Pros:

1.  Very fast

2. Spend less time

3. You can go wherever you want, without leaving home

In my opinion, the internet is a good tool technology, because the Internet makes it easy some marketing processes for some companies, It Also Offers Vast Significantly Reaching a customer base and is perfect for businesses that seek to pull and cater to such a clientele, and users is easy fast and effective.

This article brings a lot of good information that can help us look from another point of view the internet.

Statistics

1. In the first month there were good results.
2. The weight loss have grown 35% in the secong month.
3. The weigth loss have grown sharply lately.

4. Finally, in month 12 has increased greatly because there are many people who lose weight
 




 

Letter

letter

NICOLAS OTALORA

IBM

Electromechanical Engineer

Experience:

I have skills in problem-solving
I am eager to work here because this company is highly respected internationally.

Company:
The nerves and this can present with this can come to an end at this company


Tiztiznico@hotmail.com

Information And Advice On Business Home Internet Marketing Opportunity

Pros:
  Homework
No heads
abolute tranquility

Cons

Irrigation of lies
There is little silver

The paper shows that there are many people in this medium, this medium is very easy and can be very good

COMPLET THE TEXT

1. CASH includes coins, currency, and money orders, but not checks that become payable on a future date (known as POSTDATE CHECKS).
2. The CASH BUDGET is a major component of a cash planning system, and represents the overall plan of activity that depicts cash inflows and outflows for a stated period of time.
3. Cash receipts should be deposited at the bank on a DAILY basis.
4. DEPOSITE IN TRANSIT arise when receipts have been entered on the company records but not as yet posted by the bank.
5. The bank reconciliation is based on the Cash account and a document called a BANK STATEMENT
6. The receipts accumulated in a petty cash box are frequently called PETTY CASH VOUCHERS
7. An investment in trading securities should be classified in CURRENT ASSET section of the balance sheet.
8. Trading securities should be measured and reported at MARKET value.
9. Unrealized gains and losses on trading securities impact INCOME.

Letter of complaint.

Codensa
07/04/2011
BOGOTA DC.





This is to let them know, that you are exceeding the price of the receipts, because right now there is no person in the house. I hope review the counter over again.
Thanks


Nicolas Otalora
Cellphone: 3153673698

Write examples of the accounting glossary

The items reported in the Cash account on the balance sheet must be acceptable to a bank for deposit and free from restrictions for use in satisfying current debts.
true  
The Cash account is listed on the balance sheet in the current asset section, and all cash items are normally combined and reported as a single figure.
correct  
Companies may legally use the "float," even to the extent of writing checks when no money is in an account.
false
The accounting department should have exclusive control over the functions of cash collection, bank deposits, recording appropriate journal entries, and preparing the periodic bank reconciliation.
false
Which of the following items would be subtracted from the balance per bank statement in adjusting to the correct adjusted cash balance?
outstanding checks  
The reconciliation of the cash balance per company records to the correct adjusted cash balance would indicate the need for journal entries.
true 
Monthly bank service charges are subtracted in the reconciliation of a certain "amount" to the correct adjusted cash balance. What is the "amount" in question?
ending balance per company records
The original amount of a petty cash fund should be equal to cash remaining in the fund plus:
petty cash receipts
The replenishment of a petty cash fund involves a credit to which of the following accounts?
Cash 
The initial recording of trading securities is at cost, including brokerage fees.
correct  
Only decreases in value are recognized for trading securities.
false