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What else can I help you with?
Though a piece of equipment is still being used the equipment should be removed from the accounts if it has been fully depreciated true or false?
False
How can I start my own business selling construction equipment?
You should first try and get investors or loans to purchase inventory. You will then need too find good supplier.
What is the journal entry to adjust stock after a physical stock take?
stock should be debited if shown less in books and stock should be credited if shown more in books of accounts.
When should the receiving activity send a receiving report to Accounts Payable?
The receiving activity should send a receiving report to Accounts Payable immediately after verifying that the goods or services received match the purchase order and are in acceptable condition. This ensures that the Accounts Payable department has accurate documentation to process the invoice and make timely payments. Timely reporting also helps in maintaining accurate inventory records and facilitates efficient reconciliation of accounts.
Should it be Matthew and Mark's accounts or should it be Matthew's and Mark's accounts?
"Matthew and Mark's accounts" is correct.
How do I account for inventory that comes directly from a Shareholder - I have set up a shareholder inventory account but do not know what the other side of the entry should be. This is a corporation?
It depends. What is the shareholder getting in return? Is payment expected? Is stock being issue? The specific inventory asset probably doesn't need to be identified separately as shareholder inventory. If there is no stock or repayment expected then it should probably go to the Equity Account "Paid in Capital". But, this is a good question to ask your CPA.
Salvage yards should keep a strong inventory list. ?
Salvage yards should keep a strong inventory list.
What should do if your Fantage user is invisible?
Go to your inventory then exit your inventory if that doesnt work then log out and log in again that should work
Should students have email accounts?
Yes kids should have e mails accounts
Should Accounts be capitalized in accounts payable?
Accounts Payable should be capitalized if using the phrase as a proper noun. If not then it does not need to be capitalized.
Should every business use inventory management software?
No, every business should not use inventory management software. Not all businesses even have an inventory to keep track of. For example I file other people's taxes for them, which does not require taking inventory.
Is delivery equipment a contra asset account?
No, it is not a contra asset account. By definition, a contra asset account is an account which typically carries a credit balance and is used to accumulate amounts that are reductions of assets. Two common contra asset accounts are Allowance for Uncollectible Accounts Receivable and Accumulated Depreciation. If the delivery equipment is owned by your company then it should be considered an asset.
