Graded Accounting Problems, Volume 1
New York University. School of Commerce, Accounts, and Finance, William Henry Dennis, Leo Greendlinger
New York University, School of commerce, accounts and finance, 1909 - Accounting
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accommodation paper Account and Balance account show Accounts and Finance Accounts payable amount bad debts balance sheet Bills payable Bills receivable bonds book debts Capital stock Cash in bank Cash on hand ciation co-partnership common stock consigned creditors customers Debtors depreciation Discount and allowances Discounts lost dividends drawing account Drawings including salary expenses firm following accounts following balances following trial balance Furniture and fixtures gains and losses Give reasons gross profit Horses investment journal entry June 30 labor ledger accounts loan loss account McDonald Montauk Manufacturing Company mortgage necessary opening entries notes payable notes receivable paid payment Plant and machinery profit and loss Raw material real estate realize on forced Rent reserve for bad School of Commerce showed the following single entry Smith & Company statement showing stock on hand subscribes for 100 taxes trading account transactions trustee's cash account unexpired insurance Wages Walter Hopkins withdrawals York University School
Page xii - What should be done regarding the books on the admission of a new partner into a firm? What entry should be made when cash is invested for a certain share in the gains and losses?
Page xviii - ... statement of assets and liabilities, what groups of accounts constitute assets and what constitute liabilities? State how to treat, on closing the books, assets and liabilities accrued but not actually due (such as interest receivable and payable, taxes, insurance, commissions, salaries, rents). 4 Describe the different methods of determining the loss or gain of a business. How is the loss or gain of a business determined from books kept by single entry? State the usual mode of procedure when...
Page xxxv - What should be the procedure in stating the value of stock on hand at the time of a fire, the financial books being intact and showing the amount of an inventory taken four months previous to the fire ? 10. Give cases where it is proper to include in a statement of assets and liabilities certain receipts and disbursements not occurring in the period under review.
Page xxx - Give a rule for adjusting partners' accounts (a) when the gains or losses are to be divided in proportion to each partner's investment and the time it remains in use...
Page xxxiv - ... Insurance companies furnished to various State insurance departments. What do Non-Ledger Liabilities and Non-Ledger Assets include in such reports? What dangers, if any, may be anticipated by a method of book-keeping where certain liabilities and assets are not carried on the books of account? (4) Describe the various methods which you have met with for writing off the premium on bonds purchased, pointing out their weaknesses or advantages. What is the most scientific method of dealing with premiums...