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asked Feb 1 in Accounting by ♦MathsGee Diamond (60,360 points) | 19 views
Is an accrual a asset or a liability?
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asked Feb 1 in Accounting by ♦MathsGee Diamond (60,360 points) | 13 views
What is a liability in accounting?
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asked Feb 1 in Accounting by ♦MathsGee Diamond (60,360 points) | 16 views
What is an accrual in accounting?
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asked Feb 1 in Accounting by ♦MathsGee Diamond (60,360 points) | 13 views
Where can I find basic bookkeeping terminology?
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asked Feb 1 in Accounting by ♦MathsGee Diamond (60,360 points) | 11 views
What is double-entry bookkeeping?
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asked Feb 1 in Accounting by ♦MathsGee Diamond (60,360 points) | 12 views
Gross profit is equal to revenue less which item?
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asked Feb 1 in Accounting by ♦MathsGee Diamond (60,360 points) | 17 views
A double entry bookkeeping posting requires a minimum of how many accounts?
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asked Feb 1 in Accounting by ♦MathsGee Diamond (60,360 points) | 14 views
A listing of account names and account codes is called what?
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asked Feb 1 in Accounting by ♦MathsGee Diamond (60,360 points) | 10 views
Equity is shown on which financial statement?
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asked Feb 1 in Accounting by ♦MathsGee Diamond (60,360 points) | 15 views
A listing of all balances on accounts is called what?
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Classify the accounts under the following headings:
answered Sep 29, 2020 in Accounting by ♦Joshua Mwanza Diamond (42,254 points) | 45 views
Classify the accounts under the following headings:
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 15 views
What is cash float?
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 24 views
Help me to identify the correct equation for profit from below:
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 13 views
Which of the following is an expense for a business?
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 33 views
If a shop uses a 50 % mark-up and sells an item for R900, what was the cost price of this item?
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 44 views
What is the selling price for an item is bought for R300 and sold at a 40 % mark-up?
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 23 views
The cost of sales is an example of a/an ...........................
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 22 views
Who can simplify the double entry principle for me?
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 31 views
What is the special term for duplicate of receipt, deposit slip, cash register slip?
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 34 views
A summary of daily receipts is known as a/an .........................
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 16 views
Please help me with a simple definition for:
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 19 views
Equipment is an example of an expense.
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 13 views
Stationery is an example of an expense.
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Who is the drawer of this cheque?
answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 123 views
Who is the drawer of this cheque?
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 31 views
Why would a bank refuse to process a cheque?
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 22 views
What is recorded on the cheque counterfoil but not on the cheque?
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 18 views
A cash receipt is one of the source documents of the Creditors Journal.
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 19 views
Mr Kea paid one months’ rent of R 4 500 plus a deposit equivalent to one months’ rent.
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 14 views
Can you identify one disadvantage of a Current Account?
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 17 views
The double entry principle refers to the fact that:
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 36 views
From the following, select all that form part of the concept of Owners Equity.
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 39 views
The accounting equation still confuses me.
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 38 views
Please help me to understand the concept of mark up using the following example.
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 26 views
Variable costs stay the same from month to month.
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 57 views
At the end of the month all the journals are closed off and posted to the General Ledger.
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 49 views
A cheque counterfoil is used to record transactions representing cheque payments.
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 59 views
Where do you record all the transactions that do not have special columns?
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 25 views
Do you know the source document for goods purchased by debtors?
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 53 views
What is the source document used for goods returned by debtors?
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 55 views
Assets increase with an entry on the … side and decrease with an entry on the … side.
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answered Sep 28, 2020 in Accounting by ♦CT Diamond (39,158 points) | 24 views
How can I calculate the cost of sales?
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