AY Honors/Accounting/Answer Key 2 - Revision history

W126jep at 15:07, 9 March 2023

2023-03-09T15:07:46Z

DesignerThan: DesignerThan moved page AY Honors/Accounting (General Conference)/Answer Key to AY Honors/Accounting/Answer Key 2 without leaving a redirect: Part of translatable page "AY Honors/Accounting (General Conference)/Answer Key"

2022-01-17T23:09:25Z

DesignerThan moved page AY Honors/Accounting (General Conference)/Answer Key to AY Honor Accounting Answer Key used by General Conference without leaving a redirect: Part of translatable page "AY Honors/Accounting (General Conference)/Answer Key"

W126jep at 18:13, 3 October 2021

2021-10-03T18:13:48Z

W126jep: Marked this version for translation

2021-10-03T17:08:41Z

Marked this version for translation

W126jep at 17:07, 3 October 2021

2021-10-03T17:07:52Z

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2021-03-18T22:24:14Z

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2021-03-05T21:58:30Z

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2021-02-26T03:03:04Z

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Jomegat at 05:09, 23 January 2021

2021-01-23T05:09:39Z

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 <!-- Prologue: Complete a high school or college course in accounting OR the following requirements: -->
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 If you insist on self study, get a good accounting textbook to read and work out problems in it.
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 <!-- 1. Show transactions necessary for acquisition or deposit of assets, and acquisition and disposal of liability. Show transactions necessary to close income and expense accounts at year end. -->
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 A proper discussion of these requirements fills several chapters in an accounting textbook and is therefore outside the scope of this answer book.
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 <!-- 2. Be able to correctly classify balance sheet items with short term asset, long term asset, contra asset, short term liability, long term liability, and equity. -->
 A proper discussion of these requirements fills several chapters in an accounting textbook and is therefore outside the scope of this answer book.
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 <!-- 3. Be able to write an income statement from a trial balance. -->
 A [[w:Trial balance|'''trial balance''']] is a list of all the General ledger accounts (both revenue and capital) contained in the ledger of a business. This list will contain the name of the nominal ledger account and the value of that nominal ledger account. The value of the nominal ledger will hold either a debit balance value or a credit balance value. The debit balance values will be listed in the debit column of the trial balance and the credit value balance will be listed in the credit column.
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 A proper discussion of these requirements fills several chapters in an accounting textbook and is therefore outside the scope of this answer book.
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 <!-- 4. Be able to reconcile bank balance to book balance in checking accounts, including deposit in transit, service charge, returned NSF, interest on account, and checks in transit. -->
 '''[[W:Bank_reconciliation|Bank reconciliation]]''' is the process of matching and comparing figures from accounting records against those presented on a bank statement. Less any items which have no relation to the bank statement, the balance of the accounting ledger should reconcile (match) to the balance of the bank statement.
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 The statement of account from a bank would have been hand written by a clerk and checked carefully by the bank manager. The statement can be taken as a reliable source, as banks' primary business is to ensure their ledgers correctly tracked the flow of funds. Hence the bank balance at the end of a given period could be obtained from bank and matched to a bank ledger kept by a company's accountant.
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AY Honors/Accounting/Answer Key 2 - Revision history

W126jep at 15:07, 9 March 2023

DesignerThan: DesignerThan moved page AY Honors/Accounting (General Conference)/Answer Key to AY Honors/Accounting/Answer Key 2 without leaving a redirect: Part of translatable page "AY Honors/Accounting (General Conference)/Answer Key"

W126jep at 18:13, 3 October 2021

W126jep: Marked this version for translation

W126jep at 17:07, 3 October 2021

Jomegat bot: Bot: Automated import of articles *** existing text overwritten ***

Jomegat bot: Add dispreq to non-numeric requirement numbers

Jomegat bot: Change Prolog->Prologue

Jomegat at 05:09, 23 January 2021

Jomegat bot: Bot: Automated import of articles *** existing text overwritten ***

Jomegat bot: Bot: Automated import of articles * existing text overwritten *

Jomegat bot: Bot: Automated import of articles * existing text overwritten *