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    Posted 1 month ago in Form 2

    Petty Cash And Imprest Sysem ( Columnal Petty Cash Book)

    what is reimbursement?

      0       1

    Comments  


    Shomari Shabani   Posted on 3 weeks 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 3 months ago in Form 2

    Bank Reconciliation Statement

    What is bank reconciliation

     

      0       1

    Comments  


    Shomari Shabani   Posted on 3 weeks 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 8 months ago in Form 1

    Elementary Balance Sheet

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

      0       0

    Comments  


    Posted 9 months ago in Form 4

    Bills Of Exchange

    what is bill of exchange

      0       0

    Comments  


    Posted 10 months 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 6 months ago

    Are they similar 2 balance sheet?

    Shabani Mzee   Posted on 6 months 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 11 months ago in Form 1

    Papers

    Three uses of trial balance 

      0       2

    Comments  


    Shabani Mzee   Posted on 6 months 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 10 months ago

    it used to deduct erors

    Posted 11 months ago in Form 2

    Junal

    mention five errors

      0       1

    Comments  


    Moukhtar Ramadhan   Posted on 11 months 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

    Posted 11 months ago in Form 4

    List three limitation of balance sheet

    list three limitation of balance sheet

      0       1

    Comments  


    Ashirafu Hamidu   Posted on 11 months ago

    list three limitation of balance sheet


    Motoni

    what is other name of prime entry

      0       1

    Comments  


    Mr. No Body   Posted on 1 year ago

    Original entry

    Posted 1 year ago in Form 4

    Concepts of Bad Debts and Doubtful Debts

    Explain these two terms Bad Debts & Doubtful Debts and its impact in the Income statement (Profit & Loss Account) and Financial Position (Balance sheet)

      0       0

    Comments  


    Posted 1 year ago in Form 2

    BUSSINESS

    MEANING OF TRADE OR BUSSINESS

      0       2

    Comments  


    Freeman Farmo   Posted on 3 months ago

    Trade is the buying and selling of goods or services from one person to another

    Ahlam Khalfan   Posted on 11 months ago

    Wholesale trade is defined as traffic in goods that are sold as merchandise to retailers, or to industrial, commercial, institutional, or other professional business users, or to other wholesalers and related subordinated services.

    Posted 1 year ago in Form 2

    CASH BOOK.

    TYPES OF CASH BOOK

      0       3

    Comments  


    Silyvester Chacha   Posted on 11 months ago

    double column cash book
    three column cash book
    single cash book
    petty cash book

    Rugema Patrick   Posted on 1 year ago

    ~single column cash book
    ~double column cash book
    ~three column cash book
    ~petty cash book

    DOCKHAM JOB   Posted on 1 year ago

    There are 3 types of cash book which are single column cash book,Double column cash book and Triple column cash book

    Posted 1 year ago in Form 3

    Depreciation of fixed asset

    mention four causes of an asset to depreciate

      0       2

    Comments  


    Shabani Mzee   Posted on 1 year ago

    Hello Neria

    In a simple way Depreciation is an allocation of costs of an asset over its useful life (Because of matching concept)

    Causes of Depreciation
    1. Wear and tear - This cause is most common for production equipment
    2. Usage rights - This is most common in intangible assets such as software or a database
    3. Inefficiency/obsolescence

    Neria Evance   Posted on 1 year ago

    I love all business guys

    Posted 1 year ago in Form 2

    Contra entries

    What is contra entries?

      0       4

    Comments  


    Moukhtar Ramadhan   Posted on 11 months ago

    this is when double entry is completed in the same page of ledger accounts

    Frammy Vertex   Posted on 1 year ago

    NO

    Frammy Vertex   Posted on 1 year ago

    NO

    Frammy Vertex   Posted on 1 year ago

    NO

    Posted 1 year ago in Form 2

    Contra entries

    What is contra entries?

      0       0

    Comments  


    Posted 1 year ago in Form 2

    Book

    what you can calculate three column cash book?

      0       0

    Comments  


    Posted 1 year ago in Form 1

    FINANCIAL TRANSACTIONS

    How can you define GROSS PROFIT?

      0       2

    Comments  


    Carlos Jackal   Posted on 9 months ago

    gross profit is excess of net sales over cost of good sold

    Rugema Patrick   Posted on 1 year ago

    Gross profit is the difference between net sales and cost of goods sold

    Posted 1 year ago in Form 2

    [2]colamn cash book

    what is contra entries

      0       0

    Comments  


    Posted 1 year ago in Form 2

    INCOME STATMENT

    1) what is working capital?

    2)how do we get working capital?

      0       2

    Comments  


    Rahma Athuman   Posted on 1 year ago

    work capital is the capital which you get after subtract current liability from current assets

    Rahma Athuman   Posted on 1 year ago

    TO GET WORK CAPITAL=current asset-current liability

    Posted 1 year ago in Form 4

    Accounting ration

     Formula of capital owned  and borrowed capital

      0       1

    Comments  


    Mr. No Body   Posted on 1 year ago

    Mimi sijibu swali lako hila umekosea nimesema linaloishia na fo sio linaloanzia lakini sasa hivi usiku sana wahi kulala

    Ask
    Ticha
    Kidevu