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    Posted 2 days ago in Form 2

    Books Of Prime Entry

    Issam  from Glorious  school .explain briefly the different between cash coverage and cash shortage

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    Comments  


    Posted 2 days ago in Form 3

    Depreciation

    What is depreciation Vs provision for depreciation

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    Comments  


    Fankie Peace   Posted on 3 days ago

    Provision for depreciation is an advance calculation for depreciation, while depreciation is the actual amount which is lost the Asset. Depreciation is the loss in value of a fixed asset, whereas provision for depreciation is an anticipated loss in the value of an asset.

    Posted 2 days ago in Form 3

    Adjustments

    • On first January 2001 the following balance among others,stood in the books of henry mtungi:
    • During the year ended 31 DEC 2201  the information related to these two accounts as follows:
    • a)stock of oil for lighting on 31 DEC 2001 was55200/
    • b)an electricity bill of 49800for DEC 2001 was unpaid as on 31 DEC 2001 
    • d)Fire insuarence 576000 covering the year ended 30aprl2002 was paid
    •  c)An insurance rabetof 33000 was received on 30 june2001
    • e) oil bill of 756000 covering the year were paid 
    • f) electricity bills of 524400 were paid
    • g) General insuarence of378000 covering the year ended 31 august 2002 was paid.
    • You are required to write up the accounts for lighting and cooling and for insurance,for the year ended 31 DEC 2001,carry forward necessary balance to 2001

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      0       0

    Comments  


    Posted 4 weeks ago in Form 3

    Depreciation

    method of depreciation

     

      2       2

    Comments  


    Elisha Elibariki   Posted on 1 week ago

    sum

    Serry Aguas   Posted on 2 weeks ago

    straight line method
    reducing balance method
    sum of years digit

    Posted 3 months ago in Form 3

    Depreciation

    Reason for depreciation

      1       1

    Comments  


    Fankie Peace   Posted on 3 months ago

    Obsolescence

    Posted 6 months ago in Form 1

    Subject Matter Of Book Keeping

    ART

     

      1       2

    Comments  


    Fankie Peace   Posted on 3 days ago

    yes

    Mary Onyali   Posted on 5 months ago

    jesus approves.

    Posted 7 months ago in Form 1

    Subject Matter Of Book Keeping

    what is importance of book keeping

      2       7

    Comments  


    DORINE ERASMOS   Posted on 3 weeks ago

    business control
    determination of profit and loss
    fair tax assessment
    reliable financial position
    knowledge of credit dealings

    Sanyu Alphonce   Posted on 3 weeks ago

    Ledger is the main book of accounts which requires to record all business transactions

    Joselyne Simon   Posted on 4 weeks ago

    knowing reliable fination position of business

    Ally Rajabu   Posted on 4 weeks ago

    it is used in making bussiness transaction

    Posted 7 months ago in Form 1

    Subject Matter Of Book Keeping

    what is credit

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    Posted 7 months ago in Form 1

    Subject Matter Of Book Keeping

    what is debit

      0       0

    Comments  


    Posted 7 months ago in Form 1

    Subject Matter Of Book Keeping

    what is Book keeping 

      0       1

    Comments  


    DORINE ERASMOS   Posted on 3 weeks ago

    Is an art of recording financial business transactions in the books of accounts in a chronological order

    Posted 7 months ago in Form 1

    Subject Matter Of Book Keeping

    • what is book keeping used for.

      0       2

    Comments  


    Kemy Magayane   Posted on 7 months ago

    Sorry that was a definition but u can say used to record business s transactions

    Kemy Magayane   Posted on 7 months ago

    Is an art of recording financial business transactions in a set of books in term of money or money's worth

    Posted 8 months ago in Form 1

    Huy guys

    what are the importance of studying bookkeeping

      0       3

    Comments  


    Cardis Cruz   Posted on 1 week ago

    Business control ,financial position ,knowledge of credit dealing

    Nick Rusell   Posted on 1 month ago

    i don't know

    Kemy Magayane   Posted on 7 months ago

    One of it is determination of profit in a business

    Posted 8 months ago in Form 1

    What is book keeping

    what is book keeping

      1       1

    Comments  


    Cardis Cruz   Posted on 1 week ago

    Is an art of recording business transactions on the books of prime entry

    Posted 10 months ago in Form 2

    Petty Cash And Imprest Sysem ( Columnal Petty Cash Book)

    what is reimbursement?

      0       1

    Comments  


    Shomari Shabani   Posted on 10 months ago

    this is the process in which the main petty cashier refund the petty cashier on what is spent so as to restore to his original position (cash float)

    Posted 1 year ago in Form 2

    Bank Reconciliation Statement

    What is bank reconciliation

     

      0       1

    Comments  


    Shomari Shabani   Posted on 10 months ago

    this is the statement which used to reconcile the balances of cash book and bank statement, i.e. to correct the disagreement between cash book and bank statement.

    Posted 1 year ago in Form 1

    Elementary Balance Sheet

    what is balance sheet?. And what is asset and liabilities

      0       2

    Comments  


    DORINE ERASMOS   Posted on 3 weeks ago

    assets are bussines possesions
    liabilities are debts required to be paid by business

    Praiseful Uroki   Posted on 8 months ago

    Is statement which showing list of liability assets and capital

    Posted 1 year ago in Form 4

    Bills Of Exchange

    what is bill of exchange

      0       0

    Comments  


    Posted 2 years ago in Form 3

    Accounts Of Non-Profit Making Organizations

    What is the difference btn statement of affairs and statement of financial position 

      0       2

    Comments  


    Abdulkarim Yusuph   Posted on 1 year ago

    Are they similar 2 balance sheet?

    Shabani Mzee   Posted on 1 year ago

    Statement of Affairs is the statement which is prepared at the beginning and at the ends of the period, so as to determine the overall change in the capital, during the financial year but statement of financial position shows the financial position of the business at a given date

    Posted 2 years ago in Form 1

    Papers

    Three uses of trial balance 

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    Comments  


    Shabani Mzee   Posted on 1 year ago

    1. Trial balance is used to check arithmetical accuracy
    2. Trial balance assist in rectifying errors
    3. Trial balance assist in preparing financial statements: Profit and Loss Account, Balance Sheet and Cash Flow Statement.
    4. Trial balance assist in adjustments
    5. Trial balance assist in preparation of audit reports

    Farida Kigoda   Posted on 2 years ago

    it used to deduct erors

    Posted 2 years ago in Form 2

    Junal

    mention five errors

      0       2

    Comments  


    GOTFRID KIMBUNGA   Posted on 16 hrs ago

    hellow guy,and what aret the errors which affect the trial balance agreement?

    Moukhtar Ramadhan   Posted on 2 years ago

    Errors of what; Account errors (in accounting errors) there are errors which affect and do not affect the trial balance agreement.

    Errors which do not affect the trial balance agreement are
    Errors of Omission
    Errors of commission
    Errors of original entry
    Errors of principle
    Errors of complete reversal of entries

    And so fourth

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