what it the best format for a rental companies balance sheet

what it the best format for a rental companies balance sheet
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The one that keeps the sheet balanced. This is a basic and free general question and answer site. Try hiring a business manager. They went to school to know this.
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taxes for LLC FORM 1065 requires a balance sheet. With rental real estate (some properties fully depreciated)as primary business, should the balance sheet carry the properties as book value or current market Are there limitations created by carrying low?

Description : taxes for LLC FORM 1065 requires a balance sheet. With rental real estate (some properties fully depreciated)as primary business, should the balance sheet carry the properties as book value or current market Are there limitations created by carrying low?

Last Answer : A balance sheet carries property at book value. Accounting rules do not let you mark up / mark down property as prices change. The exception to this is for real estate professionals who buy/sell ... fully depreciatied. Rest of question was cut off -- limitations created by carrying low ?????

The document that is used by XSLT to indicate, how to transform the elements of the XML document to another format is (A) HTML page (B) DOC type procedure (C) Style sheet (D) Stored procedure

Description : The document that is used by XSLT to indicate, how to transform the elements of the XML document to another format is (A) HTML page (B) DOC type procedure (C) Style sheet (D) Stored procedure

Last Answer : (C) Style sheet

Which clothing rental companies recommend this year?

Description : Which clothing rental companies recommend this year?

Last Answer : I can recommend a company Armoire. They have a large selection of clothes, discounts and gifts for each ordered set of clothes. Come and see for yourself htt ps://yazing. com/deals/armoire/Stranger2021 (just remove spaces).

How many equipment rental companies are there in the US?

Description : How many equipment rental companies are there in the US?

Last Answer : There are 5247 industrial equipment rental and leasing companies in the US, with an increase of 2.3% from 2020 to 2021 (found on ibisworld.com)

Which major car rental companies offer cargo vans to rent?

Description : Which major car rental companies offer cargo vans to rent?

Last Answer : Most of the top companies for renting any kind of vehicle will rent cargo vans. Those companies include Budget, Avis, and Enterprise Rent-a-Car. Also, Ryder and Penske offer these services.

Are there rental companies that rent vans to people under 21?

Description : Are there rental companies that rent vans to people under 21?

Last Answer : One company that will rent to someone under 21, for a large fee, is Thrifty Car Rental. Most rental companies won't if you're under 21, unless your regular vehicle is getting repaired and you have rental car insurance on your insurance policy.

Which companies offer one way car rental?

Description : Which companies offer one way car rental?

Last Answer : Most car rental companies will offer a one way rental. Enterprise car rental is a great company to look into, they are conveniently located almost everywhere. They will also deliver your care to you.

Which rental car companies have cars for sale?

Description : Which rental car companies have cars for sale?

Last Answer : All rental car companies dispose of their rented cars either themselves or through other agents. However most people are cautious about rental cars because they've been driven by people who didn't own them and wouldn't have to pay for damages. Enterprise, Hertz and Avis all sell their own used cars.

What companies offer cargo truck rental?

Description : What companies offer cargo truck rental?

Last Answer : Almost every major rental company provides cargo trucks/vans for rental. These include: Enterprise, Ryder, Budget, and U-Haul. You may also want to contact a storage center. Sometimes they offer ... offer cargo truck rentals include U-Haul, Enterprise Rent-A-Car, Ryder, and Budget Truck Rental.

Which car rental companies offer discounts to AAA members?

Description : Which car rental companies offer discounts to AAA members?

Last Answer : On the AARP website they list six car rental companies as offering their discount. Alamo, Avis, Budget, Enterprise, Hertz and National Car Rental all offer 20 % off rentals for AARP members. On ... contact AAA or the rental company you prefer renting from to be made aware of their discount programs

Are there any rental companies that rent pickup trucks in Orlando, Fl?

Description : Are there any rental companies that rent pickup trucks in Orlando, Fl?

Last Answer : Yes there is a company name Sunshine Rent A Car in your state. The web site states that they have 6 passagers trucks, the web site is http://www.sunshinerentacar.com/rent_a_pickup_truck.html.

What are some companies that I can get a wedding car rental?

Description : What are some companies that I can get a wedding car rental?

Last Answer : There are many companies who give their cars on rents for wedding. They also give you a package for wedding. Such as stepbystep.com or sussexweddingcarshire.com.

What are the names of car rental companies in Australia?

Description : What are the names of car rental companies in Australia?

Last Answer : The most popular car rental companies in Australia are Bargain Wheels Car Rental and East Coast Car Rentals (both offer online booking), Discount Car and Truck Rentals and Sydney ... Rentals offers recreational vehicles and Thrifty offers also wide range of vehicles nationwide, including trucks.

How do you avoid the haggling and runaround you get with car rental companies?

Description : How do you avoid the haggling and runaround you get with car rental companies?

Last Answer : Know exactly what you want and whether or not you really need the insurances that most rental companies push on you at the time of the rental. If you go in armed with these tools you should breeze through the process and avoid all the haggling.

What are car rental companies I can take cross country one way?

Description : What are car rental companies I can take cross country one way?

Last Answer : There are several car rental companies that allow you to take a one way trip cross country. Among the best are avis Alamo thrifty and hotwire. They all will allow you to make a cross country one way trip.

Prepare revaluation,partner's capital account and balance sheet

Description : Prepare revaluation,partner's capital account and balance sheet

Last Answer : n,s and b were partner in a firm sharing profit and losses in proportion of 1/2,1/6,1/3 ... the firm as at 31st March ,2017 was as follows.

A balance Sheet is a real account.

Description : A balance Sheet is a real account.

Last Answer : State True or False with reason : A balance Sheet is a real account.

Pre-received income is shown on ___________ side of Balance sheet. 

Description : Pre-received income is shown on ___________ side of Balance sheet. 

Last Answer : Pre-received income is shown on ___________ side of Balance sheet. (a) Assets (b) Liabilities (c) Credit (d) Debit

Outstanding expenses are shown on the ___________ side of Balance Sheet. 

Description : Outstanding expenses are shown on the ___________ side of Balance Sheet. 

Last Answer : Outstanding expenses are shown on the ___________ side of Balance Sheet. (a) Assets (b) Liability (c) Both (d) None of these

Is the AR on balance sheet credit or debit account?

Description : Is the AR on balance sheet credit or debit account?

Last Answer : Feel Free to Answer

In four stroke engine which of the following is also known as power stroke a. Suction stroke b. Compression stroke c. Expansion stroke d. Exhaust stroke (Ans:c) Measurements of fuel and air consumption, brake power and incylinder pressure. Tutorials on engine performance parameters. Heat balance sheet. Engine performance curves. 1. The increase in intake air temperature into IC engine,___________its efficiency A. increase B. decrease C. does not alter D. unpredictable on

Description : In four stroke engine which of the following is also known as power stroke a. Suction stroke b. Compression stroke c. Expansion stroke d. Exhaust stroke (Ans:c) Measurements of fuel and air ... into IC engine,___________its efficiency A. increase B. decrease C. does not alter D. unpredictable on

Last Answer : ANSWER : B

Government grants related to income as per the Accounting Standard (AS)-12 should be– (A) Presented as a credit in the statement of Profit and Loss (B) Presented as a deferred income on the asset side of the balance sheet (C) Presented as a capital grant on the liability side of balance sheet (D) Presented both in the Profit and Loss statement and in the balance sheet

Description : Government grants related to income as per the Accounting Standard (AS)-12 should be- (A) Presented as a credit in the statement of Profit and Loss (B) Presented as a deferred income on the asset ... of balance sheet (D) Presented both in the Profit and Loss statement and in the balance sheet

Last Answer : Answer: Presented both in the Profit and Loss statement and in the balance sheet

Which of the following is affected by treatment of an accrued item in accounting ? (A) Profit and Loss A/c only (B) Profit and Loss Appropriation A/c (C) Balance Sheet only (D) Profit and Loss A/c and Balance Sheet

Description : Which of the following is affected by treatment of an accrued item in accounting ? (A) Profit and Loss A/c only (B) Profit and Loss Appropriation A/c (C) Balance Sheet only (D) Profit and Loss A/c and Balance Sheet

Last Answer : Answer: Profit and Loss A/c and Balance Sheet

Donations received for the special purpose will be taken to the– (A) Income and Expenditure Account (B) Assets side of the Balance Sheet (C) Liabilities side of the Balance Sheet (D) Receipts and Payments Account

Description : Donations received for the special purpose will be taken to the– (A) Income and Expenditure Account (B) Assets side of the Balance Sheet (C) Liabilities side of the Balance Sheet (D) Receipts and Payments Account

Last Answer : Answer: Liabilities side of the Balance Sheet

Closing stock appearing in the Trial Balance is shown in– (A) Balance Sheet only (B) Trading Account only (C) Trading Account and Balance Sheet both (D) None of the above

Description : Closing stock appearing in the Trial Balance is shown in– (A) Balance Sheet only (B) Trading Account only (C) Trading Account and Balance Sheet both (D) None of the above

Last Answer : Answer: Balance Sheet only

On the admission of a partner, fictitious assets are– (A) Transferred to Revaluation Account (B) Transferred to Capital Account (C) Transferred to Reserves (D) Shown in the new Balance Sheet

Description : On the admission of a partner, fictitious assets are– (A) Transferred to Revaluation Account (B) Transferred to Capital Account (C) Transferred to Reserves (D) Shown in the new Balance Sheet

Last Answer : Answer: Transferred to Revaluation Account

In common size Balance Sheet analysis we evaluate– (A) Increase or decrease over two years is analysed (B) Only increase over two years is analysed (C) Only decrease over two years is analysed (D) All assets and liabilities are expressed in terms of percentage of total

Description : In common size Balance Sheet analysis we evaluate– (A) Increase or decrease over two years is analysed (B) Only increase over two years is analysed (C) Only decrease over two years is analysed (D) All assets and liabilities are expressed in terms of percentage of total

Last Answer : Answer: All assets and liabilities are expressed in terms of percentage of total

According to Balance Sheet equation concept, the capital will be– (A) Capital = Liabilities – Assets (B) Capital = Fixed Assets – Current Assests (C) Capital = Assets – Liabilities (D) Capital = Assets + Liabilities

Description : According to Balance Sheet equation concept, the capital will be– (A) Capital = Liabilities – Assets (B) Capital = Fixed Assets – Current Assests (C) Capital = Assets – Liabilities (D) Capital = Assets + Liabilities

Last Answer : Answer: Capital = Assets – Liabilities

Under vouching, checking is done of– (A) Journal and Ledger (B) Profit and Loss Account (C) Balance Sheet (D) All of the above

Description : Under vouching, checking is done of– (A) Journal and Ledger (B) Profit and Loss Account (C) Balance Sheet (D) All of the above

Last Answer : Answer: All of the above

Total sales is Rs. 7,60,000, cash sales Rs. 30,000 collection period is 25 days, debtors at Balance Sheet date will be– (A) Rs. 80,000 (B) Rs. 70,000 (C) Rs. 60,000 (D) Rs. 50,000

Description : Total sales is Rs. 7,60,000, cash sales Rs. 30,000 collection period is 25 days, debtors at Balance Sheet date will be– (A) Rs. 80,000 (B) Rs. 70,000 (C) Rs. 60,000 (D) Rs. 50,000

Last Answer : Answer: Rs. 50,000

Which statement is not true in respect of a Balance Sheet ? (A) It is an account (B) It is prepared every month (C) It is prepared to check the mathematical accuracy (D) All the above

Description : Which statement is not true in respect of a Balance Sheet ? (A) It is an account (B) It is prepared every month (C) It is prepared to check the mathematical accuracy (D) All the above

Last Answer : Answer: All the above

The difference in the value of visible exports and visible imports is called : (1) Balance Sheet of items (2) Balance of Payments (3) Balance of Trade (4) Balance of Account

Description : The difference in the value of visible exports and visible imports is called : (1) Balance Sheet of items (2) Balance of Payments (3) Balance of Trade (4) Balance of Account

Last Answer : (3) Balance of Trade Explanation: Balance of Trade refers to the difference between the value of a country's visible imports and visible exports. Also known as the visible balance, it forms part of ... totals more than the value of visible exports, it is known as an adverse balance of trade.

he annual record for all the monetary transactions of a country with other countries of the world is known as - (1) Balance of trade (2) Balance of monetary-receipts (3) Balance of payments (4) Balance Sheet

Description : he annual record for all the monetary transactions of a country with other countries of the world is known as - (1) Balance of trade (2) Balance of monetary-receipts (3) Balance of payments (4) Balance Sheet

Last Answer : (3) Balance of payments Explanation: Balance of payments (BoP) accounts arc an accounting record of all monetary transactions between a country and the rest of the world. These transactions include ... and are prepared in a single currency, typically the domestic currency for the country concerned.

In Bank‟s balance sheet, which of the following is an asset? A. Its paid up capital B. Its saved deposits C. Its instrument in government securities D. Its accumulated Reserve Funds E. Its Current Deposits

Description : In Bank‟s balance sheet, which of the following is an asset? A. Its paid up capital B. Its saved deposits C. Its instrument in government securities D. Its accumulated Reserve Funds E. Its Current Deposits

Last Answer : C. Its instrument in government securities Explanation: Bank assets comprises cash, money at short notice, bills and securities discounted, bank‘s investments in government securities, loans sanctioned by the bank.

NBFCs whose asset size is of _____ or more as per last audited balance sheet are considered as systemically important NBFCs. A. Rs.100 Crore B. Rs.200 Crore C. Rs.500 Crore D. All of the Above E. None of the Above

Description : NBFCs whose asset size is of _____ or more as per last audited balance sheet are considered as systemically important NBFCs. A. Rs.100 Crore B. Rs.200 Crore C. Rs.500 Crore D. All of the Above E. None of the Above

Last Answer : C. Rs.500 Crore Explanation: NBFCs whose asset size is of Rs.500 Crore or more as per last audited balance sheet are considered as systemically important NBFCs.

An operational audit differs in many ways from an audit of financial statements. Which of the following is the best example of these differences? a. Operation audits do not ordinarily result in the preparation of a report. b. The usual audit of financial statement covers the four basic financial statements whereas the operational audit is usually limited either the balance sheet or the income statement. c. The boundaries of an operation audit are often drawn from anorganization chart and are notlimited to a single accountingperiod.d. The operational audit deals withoperating profit while financial auditconsiders both the operating and netprofits.

Description : An operational audit differs in many ways from an audit of financial statements. Which of the following is the best example of these differences? a. Operation audits do not ordinarily ... audit deals with operating profit while financial audit considers both the operating and net profits.

Last Answer : The boundaries of an operation audit are often drawn from anorganization chart and are not limited to a single accounting period

An auditor should design the written audit program so that a. All material transactions will be selected for substantive testing. b. Substantive tests prior to the balance sheet date will be minimized. c. Each account balance will be tested under either tests of controls or tests of transactions. d. The audit procedures selected will achieve specific audit objectives

Description : An auditor should design the written audit program so that a. All material transactions will be selected for substantive testing. b. Substantive tests prior to the balance sheet date ... controls or tests of transactions. d. The audit procedures selected will achieve specific audit objectives

Last Answer : The audit procedures selected will achieve specific audit objectives

With respect to the auditor's planning of a year-end examination, which of the following statements is always true? a. An engagement should not be accepted after the fiscal year-end. b. It is an acceptable practice to carry out substantial parts of the examination at interim dates. c. An inventory count must be observed at the balance sheet date. d. The client's audit committee should not be told of the specific audit procedures that will be performed

Description : With respect to the auditor's planning of a year-end examination, which of the following statements is always true? a. An engagement should not be accepted after the fiscal year-end. b. It ... . The client's audit committee should not be told of the specific audit procedures that will be performed

Last Answer : It is an acceptable practice to carry out substantial parts of the examination at interim dates

Transactions with related parties are important to the auditors because they will be disclosed in the financial statements if material. Generally accepted accounting principles would not require disclosure of a. Loans to officers during the year which had been repaid before the balance sheet date. b. The nature of the related-party relationship. c. A description of transactions, including peso amounts. d. The amounts due from and to related parties

Description : Transactions with related parties are important to the auditors because they will be disclosed in the financial statements if material. Generally accepted accounting principles would not require disclosure of ... transactions, including peso amounts. d. The amounts due from and to related parties

Last Answer : Loans to officers during the year which had been repaid before the balance sheet date

An auditor should design a written audit program so that: a. All material transactions will be selected for substantive testing. b. Substantive tests prior to the balance sheet date will be minimized. c. The audit procedures selected will achieve specific audit objectives. d. Each account balance will be tested under either tests of controls or tests of transactions

Description : An auditor should design a written audit program so that: a. All material transactions will be selected for substantive testing. b. Substantive tests prior to the balance sheet date will be minimized ... . d. Each account balance will be tested under either tests of controls or tests of transactions

Last Answer : The audit procedures selected will achieve specific audit objectives

What is the object of Postmaster ‘s Balance Sheet ? a. Reconciliation of Daily Cash Book b. Reconciliation of HO Summary c. Reconciliation between HO Cash Book and TCB

Description : What is the object of Postmaster ‘s Balance Sheet ? a. Reconciliation of Daily Cash Book b. Reconciliation of HO Summary c. Reconciliation between HO Cash Book and TCB

Last Answer : c. Reconciliation between HO Cash Book and TCB

Marketing plan helps in 1. better lead generation 2. better systems 3. better results 4. improved balance sheet 5. better customer service

Description : Marketing plan helps in 1. better lead generation 2. better systems 3. better results 4. improved balance sheet 5. better customer service

Last Answer : better results

Which of the following doesn't appear on the liabilities side of the balance sheet ? 1. Capital 2. Loans 3. Advertisement expenditure 4. Share capital 5. None of these

Description : Which of the following doesn't appear on the liabilities side of the balance sheet ? 1. Capital 2. Loans 3. Advertisement expenditure 4. Share capital 5. None of these

Last Answer : Advertisement expenditure

Marketing plan helps in 1. better lead generation 2. better systems 3. better results 4. improved balance sheet 5. better customer service

Description : Marketing plan helps in 1. better lead generation 2. better systems 3. better results 4. improved balance sheet 5. better customer service

Last Answer : better lead generation

The __________ of a chemical company can be obtained directly from the balance sheet as the difference between current assets and current liabilities. (A) Cash ratio (B) Net working capital (C) Current ratio

Description : The __________ of a chemical company can be obtained directly from the balance sheet as the difference between current assets and current liabilities. (A) Cash ratio (B) Net working capital (C) Current ratio

Last Answer : (B) Net working capital

A balance sheet for a chemical plant shows its financial condition at any given date. It does not contain the __________ of the plant. (A) Current asset (B) Current liability (C) Long term debt (D) Profit

Description : A balance sheet for a chemical plant shows its financial condition at any given date. It does not contain the __________ of the plant. (A) Current asset (B) Current liability (C) Long term debt (D) Profit

Last Answer : D) Profit

What is a Balance Sheet?

Description : What is a Balance Sheet?

Last Answer : It is the statement of account which is prepared at the end of every financial year. It gives the total picture of business at the point of time.

In the balance sheet, ending merchandise inventory is reported a. in current assets immediately following accounts receivable. b. in current assets immediately following prepaid expenses. c. in current assets immediately following cash. d. under property, plant, and equipment.

Description : In the balance sheet, ending merchandise inventory is reported a. in current assets immediately following accounts receivable. b. in current assets immediately following prepaid expenses. c. in current assets immediately following cash. d. under property, plant, and equipment.

Last Answer : a. in current assets immediately following accounts receivable.

On a classified balance sheet, merchandise inventory is classified as a. an intangible asset. b. property, plant, and equipment. c. a current asset. d. a long-term investment.

Description : On a classified balance sheet, merchandise inventory is classified as a. an intangible asset. b. property, plant, and equipment. c. a current asset. d. a long-term investment.

Last Answer : c. a current asset.

Current liabilities a. are obligations that the company is to pay within the forthcoming year. b. are listed in the balance sheet in order of their expected maturity. c. are listed in the balance sheet, starting with accounts payable. d. should not include long-term debt that is expected to be paid within the next year.

Description : Current liabilities a. are obligations that the company is to pay within the forthcoming year. b. are listed in the balance sheet in order of their expected maturity. c. are listed in the balance sheet, ... . d. should not include long-term debt that is expected to be paid within the next year.

Last Answer : a. are obligations that the company is to pay within the forthcoming year. b. are listed in the balance sheet in order of their expected maturity.