Which transactions are recorded in the Return Outward Book?

Which transactions are recorded in the Return Outward Book?
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Which transactions are recorded in the Return Outward Book?
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Which transactions are recorded in the Return Inward Book?

Description : Which transactions are recorded in the Return Inward Book?

Last Answer : Which transactions are recorded in the Return Inward Book?

(i) A system of book-keeping in which both the aspects of transactions are recorded.

Description : (i) A system of book-keeping in which both the aspects of transactions are recorded.

Last Answer : Write a word, term, or phrase which can substitute each of the following statements : (i) A ... find out profit or loss under a single entry system.

In Book-keeping & Accountancy nonmonetary transactions are also recorded.

Description : In Book-keeping & Accountancy nonmonetary transactions are also recorded.

Last Answer : State whether the following statement are true or false with reason : In Book-keeping & Accountancy nonmonetary transactions are also recorded.

What is the Another name of return outward?

Description : What is the Another name of return outward?

Last Answer : Need answer

All transactions are recorded in the Single Entry System

Description : All transactions are recorded in the Single Entry System

Last Answer : State True or False with reasons: All transactions are recorded in the Single Entry System

All transactions are recorded directly in the ledger.

Description : All transactions are recorded directly in the ledger.

Last Answer : State whether the following statement are ‘True or False’ with reason : All transactions are recorded directly in the ledger.

Transactions can be recorded in any order in the Journal.

Description : Transactions can be recorded in any order in the Journal.

Last Answer : Correct the following statement and rewrite the statement : Transactions can be recorded in any order in the Journal.

In which order the transactions are recorded in a journal.

Description : In which order the transactions are recorded in a journal.

Last Answer : In which order the transactions are recorded in a journal.

(i) System in which entry is recorded for cash as well as credit transactions.

Description : (i) System in which entry is recorded for cash as well as credit transactions.

Last Answer : Give the word term or phrase which can substitute each of the following statement : (i) ... of goods or services for immediate cash payment.

Which of the following does an auditor least likely perform in assessing audit risk? a. Understand the economic substance of significant transactions completed by the client. b. Understand the entity and the industry in which it operates. c. Gather audit evidence in support of recorded transactions. d. Obtain an understanding of the client's system of internal contro

Description : Which of the following does an auditor least likely perform in assessing audit risk? a. Understand the economic substance of significant transactions completed by the client. b. Understand the entity ... of recorded transactions. d. Obtain an understanding of the client's system of internal contro

Last Answer : Gather audit evidence in support of recorded transactions

Which of the following statements concerning analytical procedures is true? a. Analytical procedures are more efficient, but not more effective, than tests of details of transactions. b. Analytical procedures used as risk assessment procedures use data aggregated at a high level. c. Analytical procedures can replace tests of controls in gathering audit evidence to support the assessed level of control risk. d. Analytical procedures usually involve comparisons of ratios developed from recorded amounts with ratios developed by management

Description : Which of the following statements concerning analytical procedures is true? a. Analytical procedures are more efficient, but not more effective, than tests of details of transactions. ... usually involve comparisons of ratios developed from recorded amounts with ratios developed by management

Last Answer : Analytical procedures used as risk assessment procedures use data aggregated at a high level.

Most of the independent auditor's work in formulating an opinion on financial statements consists of a. Studying and evaluating internal control b. Obtaining and examining evidential matter c. Examining cash transactions d. Comparing recorded accountability with assets

Description : Most of the independent auditor's work in formulating an opinion on financial statements consists of a. Studying and evaluating internal control b. Obtaining and examining evidential matter c. Examining cash transactions d. Comparing recorded accountability with assets

Last Answer : Obtaining and examining evidential matter

All of the following statements about the post-closing trial balance are correct except it a. shows that the accounting equation is in balance. b. provides evidence that the journalizing and posting of closing entries have been properly completed. c. contains only permanent accounts. d. proves that all transactions have been recorded.

Description : All of the following statements about the post-closing trial balance are correct except it a. shows that the accounting equation is in balance. b. provides evidence that the journalizing and posting ... . c. contains only permanent accounts. d. proves that all transactions have been recorded.

Last Answer : d. proves that all transactions have been recorded.

Matching concept means A] Assets = capital + liabilities B] Transactions recorded at accrual concept C] Anticipate no profit but recognize all losses D] Expenses should be matched with the revenue of the period.Matching concept means A] Assets = capital + liabilities B] Transactions recorded at accrual concept C] Anticipate no profit but recognize all losses D] Expenses should be matched with the revenue of the period.

Description : Matching concept means A] Assets = capital + liabilities B] Transactions recorded at accrual concept C] Anticipate no profit but recognize all losses D] Expenses should be matched with the revenue of the period.

Last Answer : D] Expenses should be matched with the revenue of the period.

Which of the following might be considered a "red flag" indicating possible fraud in a large manufacturing company with several subsidiaries? a. A consistent record of above average return on investment for all subsidiaries b. The existence of a financial subsidiary c. Use of separate bank accounts for payrolls by each subsidiary d. Complex sales-transactions and transfers of funds between affiliated companies

Description : Which of the following might be considered a "red flag" indicating possible fraud in a large manufacturing company with several subsidiaries? a. A consistent record of above average ... payrolls by each subsidiary d. Complex sales-transactions and transfers of funds between affiliated companies

Last Answer : Complex sales-transactions and transfers of funds between affiliated companies

In case on sale of approval the ownership is transferred to the buyer when he a) adopts the transactions b)accept the goods c) fail to return goods d)in all the above cases

Description : In case on sale of approval the ownership is transferred to the buyer when he a) adopts the transactions b)accept the goods c) fail to return goods d)in all the above cases

Last Answer : c) fail to return goods

Which of the following is an example of fraudulent financial reporting? a. The treasurer diverts customer payments to his personal due, concealing hisactions by debiting an expense account,thus overstating expenses. b. Company management changesinventory count tags and overstatesending inventory, while understatingcost of goods sold. c. An employee steals inventory and the“shrinkage” is recorded in cost of goodssold. d. An employee steals small tools from thecompany and neglects to return them;the cost is reported as a miscellaneousoperating expense

Description : Which of the following is an example of fraudulent financial reporting? a. The treasurer diverts customer payments to his personal due, concealing hisactions by debiting an expense account, thus ... the company and neglects to return them; the cost is reported as a miscellaneous operating expense

Last Answer : Company management changes inventory count tags and overstates ending inventory, while understating cost of goods sold

In a perpetual inventory system, a return of defective merchandise by a purchaser is recorded by crediting a. Purchases. b. Purchase Returns. c. Purchase Allowance. d. Merchandise Inventory.

Description : In a perpetual inventory system, a return of defective merchandise by a purchaser is recorded by crediting a. Purchases. b. Purchase Returns. c. Purchase Allowance. d. Merchandise Inventory.

Last Answer : d. Merchandise Inventory.

In a perpetual inventory system, a return of defective merchandise by a cash customer is recorded by crediting a. Accounts Payable and Cash. b. Merchandise Inventory and Cost of Goods Sold c. Purchases Returns and Allowances and Merchandise Inventory. d. .Cash and Cost of Goods Sold.

Description : In a perpetual inventory system, a return of defective merchandise by a cash customer is recorded by crediting a. Accounts Payable and Cash. b. Merchandise Inventory and Cost of Goods Sold c. Purchases Returns and Allowances and Merchandise Inventory. d. .Cash and Cost of Goods Sold.

Last Answer : d. .Cash and Cost of Goods Sold.

Why do we make judgments on outward appearances?

Description : Why do we make judgments on outward appearances?

Last Answer : Ah! you saw the Paul Potts video… that guy is awesome… Why do we judge the book by the cover, because we cannot stand to see our own flaws in others… that makes us remember how imperfect we all are…

The title of the problem tells you how to approach these four questions.(A). A bus leaves Moscow for Tula at noon. An hour later a cyclist leaves Tula for mosco, moving slower than the bus. When the bus and cyclist meet, which one of the two will be farther from Moscow?(B). Which is worth more: a pound of $10 gold peices or half a pound of $20 gold pieces?(C). At six o'clock the wall clock struck 6 times. Checking with my watch, I noticed the time between the first and last strokes was 30 seconds. How long will the clock take to strike 12 at midnight?(D). Three swallows fly outward from a point. When will they all be on the same plane in space?Now check the answers. Did you fall into any of the traps which lurk in these simple problems? -Riddles

Description : The title of the problem tells you how to approach these four questions.(A). A bus leaves Moscow for Tula at noon. An hour later a cyclist leaves Tula for mosco, moving slower than the bus. ... Now check the answers. Did you fall into any of the traps which lurk in these simple problems? -Riddles

Last Answer : (A). Neither (B). A pound of metal is always more than half a pound of the same metal. (C). Six strokes took 30 seconds, therefore 12 strokes will take 60 seconds. But when the clock struck ... , therefore 12 strokes will take 66 seconds. (D). There is always a plane that contains any 3 points

What does the sequence of development means from the center outward?

Description : What does the sequence of development means from the center outward?

Last Answer : the pair left (past tense of leave) and left (opposite of right). A distinction is sometimes made between "true" homonyms, which are unrelated in origin, such as skate (glide on ice ... In mathematics, definitions are generally not used to describe existing terms, but to describe or characterize

The correct sequence of layers found in the walls of arteris from inside to outward is `:-`

Description : The correct sequence of layers found in the walls of arteris from inside to outward is `:-`

Last Answer : The correct sequence of layers found in the walls of arteris from inside to outward is `:-` ... D. Tunica media, tunica externa & tunica interna

The movement of ions is usually called flux, the inward movement into the cells is (A)____ and outward movement is (B)____

Description : The movement of ions is usually called flux, the inward movement into the cells is (A)____ and outward movement is (B)____

Last Answer : The movement of ions is usually called flux, the inward movement into the cells is (A)____ and outward movement is (B)____

The function of a secretary to look after the inward and outward mail is called __________ 

Description : The function of a secretary to look after the inward and outward mail is called __________ 

Last Answer : The function of a secretary to look after the inward and outward mail is called __________ (a) Reception (b) Statutory (c) Correspondence

When a city grows outward this is usually known as what?

Description : When a city grows outward this is usually known as what?

Last Answer : Need answer

Why might differences in air pressure cause building to explode outward when a tornado passes over them?

Description : Why might differences in air pressure cause building to explode outward when a tornado passes over them?

Last Answer : The idea goes that the pressure inside a tornado is very low (which is true) while the pressure inside a building stays close to normal, which would lead to an enormous outward force on ... strong tornado these winds will tear open sections of the building and even weak tornadoes can break windows.

What is Outward expression or appearance called?

Description : What is Outward expression or appearance called?

Last Answer : What is the cross that involves parents that differ in twotraits

What theory proposes that all the matter in the universe simply exploded outward after it was compressed into a small space under tremendous pressure'?

Description : What theory proposes that all the matter in the universe simply exploded outward after it was compressed into a small space under tremendous pressure'?

Last Answer : The Big Bang Theory.

What exploded outward is the?

Description : What exploded outward is the?

Last Answer : stopidman

What is a force that pulls outward from the center of a circle?

Description : What is a force that pulls outward from the center of a circle?

Last Answer : This might be the description of centrifugal force.

The outward transfer of Earth's internal heat helps drives _______ circulation in the _______.?

Description : The outward transfer of Earth's internal heat helps drives _______ circulation in the _______.?

Last Answer : I dont know

What are the outward acts of the Christian religion?

Description : What are the outward acts of the Christian religion?

Last Answer : Answers is the place to go to get the answers you need and to ask the questions you want

Shrinkage of protoplasm due to outward flow of water (exosmosis) in a concentrate solution.

Description : Shrinkage of protoplasm due to outward flow of water (exosmosis) in a concentrate solution.

Last Answer : Ans. Plasmolysis

During Phase 2 of action potential in cardiac cell, depolarizing current through calcium channels is balanced by (a) Delayed rectifier potassium current (b) outward chloride channel (c) Both (a) and (b) (d) None of the above

Description : During Phase 2 of action potential in cardiac cell, depolarizing current through calcium channels is balanced by (a) Delayed rectifier potassium current (b) outward chloride channel (c) Both (a) and (b) (d) None of the above

Last Answer : Ans: A

A passenger standing in a bus is thrown outward when the bus takes a sudden turn. This happens due to – (1) Outward pull on him (2) Inertia of motion (3) Change in momentum (4) Change in acceleration

Description : A passenger standing in a bus is thrown outward when the bus takes a sudden turn. This happens due to – (1) Outward pull on him (2) Inertia of motion (3) Change in momentum (4) Change in acceleration

Last Answer : (2) Inertia of motion Explanation: This is inertia of direction. It is the ability of body to be in a state of direction of motion for example sun holds planets in a fixed elliptical path .this ... at rest or moving with a constant velocity. It is the property possessed by a body to resist change.

The bottom of the sewage inlet chamber of septic tanks, is provided an outward slope A. 1 in 5 B. 1 in 10 C. 1 in 15 D. 1 in 20

Description : The bottom of the sewage inlet chamber of septic tanks, is provided an outward slope A. 1 in 5 B. 1 in 10 C. 1 in 15 D. 1 in 20

Last Answer : ANS: B

Rotating wheel of an automobile throw out mud tangentially outward is an example of?

Description : Rotating wheel of an automobile throw out mud tangentially outward is an example of?

Last Answer : Inertia of direction

Test sorting or practical, sorting with qualifying speed of _____ letters per hour for outward sorting and ______ per hour for distribution of letter for delivery beats allowing for a max eight mistake in either cases a) 100, 50 b) 1000,500 c) 1000,600 d) None of these

Description : Test sorting or practical, sorting with qualifying speed of _____ letters per hour for outward sorting and ______ per hour for distribution of letter for delivery beats allowing for a max eight mistake in either cases a) 100, 50 b) 1000,500 c) 1000,600 d) None of these

Last Answer : c) 1000,600

Articles liable to export duty are detained at the outward office of exchange and the sender is informed regarding the payment of duty a) By the office of exchange b) By the custom authorities directly c) By the head office of the circle concerned d) All of the above

Description : Articles liable to export duty are detained at the outward office of exchange and the sender is informed regarding the payment of duty a) By the office of exchange b) By the custom authorities directly c) By the head office of the circle concerned d) All of the above

Last Answer : b) By the custom authorities directly

Mark correct option related to official postal articles a) The rules relating to private correspondence apply equally to official postal article b) Service stamps can be used for prepayin outward official foreign mail but the postage due on inward foreign mail addressed to Govt officers cannot be paid by means of service stamps c) All of above are correct d) None of these are correct

Description : Mark correct option related to official postal articles a) The rules relating to private correspondence apply equally to official postal article b) Service stamps can be used for prepayin outward official foreign ... means of service stamps c) All of above are correct d) None of these are correct

Last Answer : c) All of above are correct

Insufficiently paid outward foreing letter can be taxed only by a) Office of Posting b) Sorting PA of the office c) Office of foreign exchange d) RMS office

Description : Insufficiently paid outward foreing letter can be taxed only by a) Office of Posting b) Sorting PA of the office c) Office of foreign exchange d) RMS office

Last Answer : c) Office of foreign exchange

When will a sender of outward foreign parcel get customs duty as refund from department? a. Parcel is returned as undeliverable b. Parcel is in a damaged condition c. Never refunded the customs duty

Description : When will a sender of outward foreign parcel get customs duty as refund from department? a. Parcel is returned as undeliverable b. Parcel is in a damaged condition c. Never refunded the customs duty

Last Answer : a. Parcel is returned as undeliverable

Which of the following terms refers to moving away from midline? a) Abduction Abduction is moving away from midline. b) Adduction Adduction is moving toward midline. c) Inversion Inversion is turning inward. d) Eversion Eversion is turning outward.

Description : Which of the following terms refers to moving away from midline? a) Abduction Abduction is moving away from midline. b) Adduction Adduction is moving toward midline. c) Inversion Inversion is turning inward. d) Eversion Eversion is turning outward.

Last Answer : a) Abduction Abduction is moving away from midline.

In verandah floors outward slope is (A) 1 in 40 (B) 1 in 50 (C) 1 in 60 (D) 1 in 70

Description : In verandah floors outward slope is (A) 1 in 40 (B) 1 in 50 (C) 1 in 60 (D) 1 in 70

Last Answer : Answer: Option C

The function of king post in a king post roof truss is (A) To support the frame work of the roof (B) To receive the ends of principal rafter (C) To prevent the walls from spreading outward (D) To prevent the tie beam from sagging at its centre

Description : The function of king post in a king post roof truss is (A) To support the frame work of the roof (B) To receive the ends of principal rafter (C) To prevent the walls from spreading outward (D) To prevent the tie beam from sagging at its centre

Last Answer : Answer: Option D

A marshaller crosses his/her hands in front of the face, palms outward and then moves the arms outwards. What does the signal indicate? a. Clear to move forward b. Brakes off c. Remove chocks d. Clear to close all engines

Description : A marshaller crosses his/her hands in front of the face, palms outward and then moves the arms outwards. What does the signal indicate? a. Clear to move forward b. Brakes off c. Remove chocks d. Clear to close all engines

Last Answer : c. Remove chocks

Why are the ends of the deflection plates bent outward?

Description : Why are the ends of the deflection plates bent outward?

Last Answer : To permit wide-angle deflection of the bea

Why are the ends of the deflection plates bent outward?

Description : Why are the ends of the deflection plates bent outward?

Last Answer : To permit wide-angle deflection of the beam.

A marshaller crosses his/her hands in front of the face, palms outward and then moves the arms outwards. What does the signal indicate? a. Clear to move forward b. Brakes off c. Remove chocks d. Clear to close all engines

Description : A marshaller crosses his/her hands in front of the face, palms outward and then moves the arms outwards. What does the signal indicate? a. Clear to move forward b. Brakes off c. Remove chocks d. Clear to close all engines

Last Answer : c. Remove chocks