Help near Financial Accounting?
Can anyone please help me next to these 3 questions?1) Explain how checking accounts, guard statements, and bank reconciliations are used to control dosh?
2) What are the 3 journal entries that would be used to history a capital lease?
3) How is a nonspecific ledger used in a bookkeeping system?
Answers: 1. A company that have a good control system uses its dune and its reports as part of dosh control. That means depositing or receipts intact, making adjectives payments by check, and reconciling the books beside the bank statement respectively month. It also means separating the duties of individuals who write checks, handle change and make deposits, and the character doing the reconciliation.
When errors or discrepancies show up it is easy to find out why and pinch corrective action.
dr.. Assets beneath capital lease
cr..Capital lease constraint
To record attainment of leased assets
dr...Capital lease prerequisite
dr...Interest expense
cr...Cash
To record monthly salary on capital lease
dr... Depreciation expense
cr...Accumulated depreciation
To register depreciation of leased asset
The broad ledger is posted from the journals and is used to rob a trial balance. At the failure of the period the balance of general ledger accounts are examined to resolve if they need adjust. The adjustments made surrounded by the journal are posted contained by the general ledger, later the balances surrounded by the ledger are used to prepare financial statements.
Paypal payments!!?
My fiancee has lately opened her paypal vindication, authorised it etc etc.However, when she paid for items on e-bay through paypal, instead of the funds mortal sent directly to the supplier through paypal transfer (same day), Paypal deduct the amount from her account and sent the suppliers paypal cheques.
Why would this develop?? Is it something to do with the initial set up of the paypal justification??
Any help is greatly appreciated. since she is still awaiting items that she compensated for some two weeks ago.
Thanks in credit!!
Answers: thats odd and you should bid up paypal and tell them and ask why.
Call Ebay on 020 8605 3000 & ask to be transfered to Paypal.
Good luck.
PayPal can individual send money by:
A: have the money already deposited to your PayPal account
or B: pulling your wage from a checking or credit card, if you don't have plenty money already in your PayPal depiction.
since you've mentioned that PayPal pulled the money from your fiancee's checking, it means that she set up the PayPal vindication, but there be enough money IN the PayPal explanation to make the pocket money to the seller. so PayPal have to turn to whichever Funding source she had set up (apparently checking) and verbs money from there.
you can avoid this two ways:
1. deposit money to the PayPal story ahead of time, so that when you make a gift to a seller, PayPal ~already~ have the money it needs for the expense
2. change the Funding method from checking to a credit card. you can do that contained by your Profile pages. Since credit cards are authorized now (not like checking), the merchant gets the money instantly, and your item is shipped faster!
Been next to paypal for 6 yrs. and it,s normal for them to purloin the funds from your bank Account,or from your Visa,Mastercard. (Whatever) If at the time place your lay down you request which it is that you wish to compensate with otherwize they will be in motion straight to your Bank Account to collect there money
Costco . BJ's , or Sams Club?
which is your preference and whyAnswers: I belong to adjectives 3. Work for costco. Very partial to Costco.
For me Sam's is dirty, at least around here. They never enjoy anyone working I know if I need something at hand I had better really inevitability it because I always am contained by line at lowest 15 minutes. They don't treat employees massively well from what I hear I work next to many ex body.
I love BJ's cause of coupons, I am feminine afterall. Plus the bulk items tend to be kinda smaller and more standard. Not really near me though but the family seem nicer than Sam's.
Costco I know treats organization well and I repeatedly feel the member get spoiled beside good treatment. At smallest at my store. We unload, ring up, and box your cart contained by a prompt manner. However, the standard merchandise does switch up normally and rotate which tends to frustrate folks.
A lot of this just depends on your portion of the US to what kind of service you return with though
I always preferred Sam's Club. The prices are low and the service is okay.
In Southern California, most of the family are just crazy just about Costco. It has a cult-like following.
I've never gone to a BJ's.
All of the store should consent to you in to purely walk around for a few hours. To tie you will have to purchase a political leanings.
Good luck.
No information on BJ. Costco is viewed as somewhat more upscale than Sam's club. They tend to get higher feature merchandise. They also pay their body higher wages, so service is excellent.
Costco will recurrently have unbelievably good deal on some item, but once it is sold you may never see it in the store again. That's because the buyer scour suppliers for special bargains, and buys up as much as possible, but the negotiate may not exist in the adjectives. I don't know if Sam's Club does that.
BJ's