Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 2. accounting information flows through various pl

2. Accounting information flows through various places before finally resting in the general ledger. When...

80.2K

Verified Solution

Question

Accounting

2. Accounting information flows through various places before finally resting in the general ledger. When information originally is recorded it goes to the general journal - this is a book of original entry. Prior to computers, and even in tandem with computers, companies would hold a list of journal entries and the purpose would be listed on each transaction. When you record a payroll transaction for the issuance of paychecks to employees, what information do you need to know to record the transaction and would you include a description line on your entry?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Northern Air would like to sell 2,900 shares of stock using Dutch auction underwriting. The bids...

Finance
Q

3) Which FOB method would you recommend - what would influence your decision? (would you use...

Accounting
Q

In words, but making use of equations where appropriate, explain how the Principal of Conservation of...

Physics
Q

Fibonacci numbers are defined by F0 = 0, F1 = 1 and Fn+2 = Fn+1 +...

Advance Math
Q

GGGUUUCUACAGCGUGGAGAGGGUAUGAUCAAUAAAUACAAAAAAAAAA 1 IF ANY write the nucleotide sequence or sequences that is are not encoded...

Biology
Q

Solve the compound inequality and write the answer using interval notation Simplify your answer completely...

Basic Math
Q

Find the solution of the exponential equation in terms of logarithms or correct to four...

Calculus
Q

Which of the following is true about forecasts? Forecasts present what management believes would occur...

Accounting
Q

Santana Rey created Business Solutions on October 1, 2021. The company has been successful, and...

Accounting
Q

Should product B be introduced? provide through explanation Why or why not? Exhibit 2 Product...

Accounting
Q

Q4. A company with an annual income of $1,800,000 and average shareholders' equity of $12,000,000....

Finance
Q

3, (15 noints) Sunnose a bank has the following balance sheet. A) What is the...

Finance