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Maymie Paucek

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3y ago

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How would you include in a report only transactions that posted during a three week period?

Selecting the posting date range radio button and specify a date range


After closing entries are posted?

After closing entries are posted, the temporary accounts—such as revenues, expenses, and dividends—are reset to zero for the new accounting period. This process transfers the net income or loss to the retained earnings account, reflecting the company's cumulative earnings. The balance sheet accounts remain unchanged, ensuring that the financial statements accurately represent the company's financial position moving forward. Ultimately, this prepares the accounting system for the next period's transactions.


Are Transactions are first recorded in the ledger?

No, transactions are not first recorded in the ledger. They are initially recorded in a journal, often referred to as a book of original entry. After recording in the journal, transactions are then posted to the ledger, where they are organized by accounts for easier tracking and reporting. This two-step process ensures accuracy and maintains a clear audit trail.


Why a cashbook is called Journalised ledger?

Cash book is a journal because the transactions are recorded in it for the first time from the source of document and from journal these transactions are posted to the respective account in the ledger. We can say cash book is a ledger also in the sense that it serves the purpose of cash account also.As such cash book is journal as well as ledger, and hence it may call journalised ledger.


Where is admin expense posted in trial balance?

Admin expenses are typically posted in the trial balance under the "Expenses" section. This section is located below the revenue accounts and reflects all operating expenses incurred during a specific period. In a standard trial balance format, admin expenses contribute to the overall total of expenses, which is then used to calculate net income.

Related Questions

How would you include in a report only transactions that posted during a three week period?

Selecting the posting date range radio button and specify a date range


Why is the payment posted but the money still in the account?

The payment may be posted in your account but the money may not be immediately deducted because of processing times or pending transactions.


After closing entries are posted?

After closing entries are posted, the temporary accounts—such as revenues, expenses, and dividends—are reset to zero for the new accounting period. This process transfers the net income or loss to the retained earnings account, reflecting the company's cumulative earnings. The balance sheet accounts remain unchanged, ensuring that the financial statements accurately represent the company's financial position moving forward. Ultimately, this prepares the accounting system for the next period's transactions.


What do you do if you have posted invoices in the incorrect period in pastel xpress?

I recommend that you process credit notes in the same period in which you posted the invoices, in order to contra them. Then, re-post the invoices in the correct period. If you have any other queries relating to Pastel, feel free to register on my free Pastel user forum at www.doubleentry.co.za.


Where are the second third fourth and fifth presents on moshi monsters?

If you mean the Twistmas presents then these were put into the shops during the Christmas period and there was a message posted on the Daily Growl with information. The gifts have been removed from the shop now.


Why a cashbook is called Journalised ledger?

Cash book is a journal because the transactions are recorded in it for the first time from the source of document and from journal these transactions are posted to the respective account in the ledger. We can say cash book is a ledger also in the sense that it serves the purpose of cash account also.As such cash book is journal as well as ledger, and hence it may call journalised ledger.


What are the autobiographies of the medieval period?

A good example is the well known Joan of Arch biography. It takes place during the medieval period and most of the medieval autobiographys was done to the martyrs of that era. In the related links box below, I posted a link very usefull to understand this subject. Check it out for more information.


Where is admin expense posted in trial balance?

Admin expenses are typically posted in the trial balance under the "Expenses" section. This section is located below the revenue accounts and reflects all operating expenses incurred during a specific period. In a standard trial balance format, admin expenses contribute to the overall total of expenses, which is then used to calculate net income.


Can thrush cause your period to come early?

I'm not sure, but I do have thrush and twice now, my period has come early. I will ask my practitioner, and you should do the same. Keep us posted!


Are individual amounts in the purchases journal posted to the general ledger during the month?

3


When may a licensee sell liquor?

only during the hours posted on the licence or authorization


When May licensee sell liquor?

only during the hours posted on the licence or authorization