Search:

When I record bills for my small business, do I record the bills on the date I receive the bill or the billing date on the statement?

When I count the trade terms(ex. 2/10), do I count from the...

I paid employee but forgot to take out taxes from paycheck. Employee already deposited the paycheck. Do I take out the taxes I did not deduct from next paycheck, which is after the pay deductions...

I closed my books for the month. I noticed a month later that I had expenses for the month I closed that were not recorded in the month in which they were incurred. How do I journalize these...

I have get a utilities bill. On the Bill it says that the Billing Cycle is from May 15 - June 15. This is when the services are provided. I get the bill for it on the last day of May. When do I...

How much did your product idea change the other company's product? Assuming the other company's product is under patent, you need to significantly change the product to avoid stepping on their...

I have a business idea. I have another company that has supplies that I would like to use in my business and resell.
I would like to modify the product slightly or create a side product that can be...

This is not a homework problem.

I keep the books for my home biz and want to know how to record this transaction. I got a cable bill on May 29, 2012. I journalized and posted the bill on the day...

There's a version of accounting online that you can use called Wave Accounting. It's completely free but ad-supported. I think this means that you will see advertisements flashed on your screen at...

I am trying to create a production cost report using the following data. I want to make sure that I am using the correct procedure. I do not have an answer to the question. I need to calculate the...

When I usually buy a book from Amazon.com, the shipper or amazon.com sends me an email telling me that the items have been shipped. This is usually 2 days after I buy the items. If I were purchasing...

Thank you for your response. If I am using a Periodic Inventory System, I would record the purchase of inventory as an expense by debiting my Purchases account, correct?

Do I have to keep a...

I am reading an accounting textbook. It says that when we purchase inventory, we record it in Raw Materials Inventory when the items are received and not when actually purchased.

For example, I...

I have a credit card. I get the credit card statement after I close my books for a period. The credit card includes charges that I did not record in my books. They were expenses incurred or posted...