A purchase journal is a specialized accounting journal used to record all credit purchases of goods or services made by a business. It typically includes information such as the date of the purchase, vendor name, invoice number, and amount owed. The purchase journal helps track the company's liabilities and expenses related to purchasing inventory or other items.

The journal entry for purchasing software involves debiting the software asset account to reflect the cost of the software and crediting the cash or accounts payable account depending on the method of payment. This entry recognizes the increase in assets due to the software purchase and the corresponding decrease in cash or increase in liabilities.

When a company uses special journals, the general journal is used for selected transactions and events that do not fit into any of the specific categories of the special journals. These could include recording adjusting entries, correcting errors, or any unique transactions that don't have a designated special journal.

Today, I recorded outstanding expenses in our journal to reflect costs that have been incurred but not yet paid for. This helps us accurately track our financial obligations and ensure they are accounted for in our records. By noting these outstanding expenses, we maintain transparency in our financial reporting and can better manage our cash flow.

Debit an expense account for the amount of the expenses incurred in 2007 to recognize the expense. Credit an accrued liabilities account to reflect the amount owed as of the end of 2007.

Accounting journals are used to record financial transactions in chronological order. They serve as a detailed record of all financial transactions, making it easier to track and analyze financial data. Journals help in preparing financial statements, identifying errors, and providing an audit trail for external parties.

1 and 0 stands in for both of these states. Binary numerals are composed of the numbers 1 and 0. Different data are represented by these numbers. The number system is commonly referred to as binary, or base 2 because numbers are represented by two digits.

They are companies that deal with all types of global payment processing.

Debit note is money being taken out

Credit note is money being brought in

You could get it done in 4 years, but if you want to become a Certified Public Accountant, you have to take a pretty hard test (like the bar exam for accountants) and there is a period of time where you have to learn on the job before you get licensed.

But, you could get a job right out of high school in an Accounts Receivable department, and technically that's accounting.

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Has a few years of experience helping people with the specific issues you want to address.

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In accrual based accounting, expenses are recognized in the period in which they are incurred if measurable.

An accountant can usually find work even in a bad economy.

An accountant can work in almost any industry, from operating their own business to working for any size company. An accountant can work in the private sector or any government sector.

Accountant jobs cover almost every business and industry setting, from keeping books for 'mom and pop' businesses to keeping books for Hollywood movie stars; from the military to scientific or educational institutions. There is no industry or organization that does not need an accountant.

Salary, earning potential, and marketability are not only determined by the type of field you are in and the degree you possess. It depends on your position within that field, the institution you work for, your experience, expertise, personal abilities, critical thinking skills, problem solving abilities, dedication and commitment toward ones work, and more. Thus, salary is not so much dependent on the type of degree as much as it is dependent on the person who holds the degree. Still, if you have a specific occupational title, you can then retrieve the estimated mean annual wage particular to that occupation through the U.S. Department of Labor: Bureau of Labor Statistics.

IFRSs refers to the new numbered series of pronouncements that the IASB is issuing, as distinct from the International Accounting Standards (IASs) series issued by its predecessor. More broadly, IFRSs refers to the entire body of IASB pronouncements, including standards and interpretations approved by the IASB and IASs and SIC interpretations approved by the predecessor International Accounting Standards Committee On the other hand by simple Accounting Standard we mean " Accounting Standard issued by the Institute of Chartered Accountants of India(ICAI)".

If this question is asked of you, you can tell them you enjoy working with people. You can also say you took classes in this topic or it has always been an interest of yours.

Review the qualifications and requirements for the position for which you are applying before attending the job interview. Knowing what is required will make it easier to answer this question. You can match your skills and experiences with the job description.

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The accountant evaluates records drawn up by the bookkeeper and shows the results of this investigation as losses and gains, leakages, economies, or changes in value, so as to reveal the progress or failures of the business and also its future limitations and possibilities. Accountants must also be able to draw up a set of financial records and prescribe the system of accounts that will most easily give the desired information; they must be capable of arriving at a comprehensive view of the economic and the legal aspects of a business, envisaging the effect of every sort of transaction on the profit-and-loss statement; and they must recognize and classify all other factors that enter into the determination of the true condition of the business (e.g., statistics or memoranda relating to production; properties and financial records representing investments, expenditures, receipts, fiscal changes, and present standing). Cost accounting shows the actual cost, over a certain period of time, of particular services rendered or of articles produced; by this system unprofitable ventures, services, departments, and methods may be discovered.

what are the responsibilities of a SENIOR EXECUTIVE of FINANCE / ACCOUNTS as a MBA Finance student with 2.5 yr Experience

Internal customers are familys

The cashier is responsible for a successful checkout - which basically includes all the things the secret shopper is asked to look for.

eye contact, smile, greet, check out in a timely manner, careful packing, safeway and airmiles card, offer carry out, thank by name, parting comment.

most of the duties take place at the till, but the cashier may be asked to perform other duties depending on need, etc.

Other duties I've performed - trainee shadow (based on experience and seniority), wash tills (in the evening, when it's slow), face shelves (at slow periods, generally in the evening), stock shelves (based on staff/need), breaks (generally assigned to ~2 people per day, relieve other cashiers for their breaks), assist at customer service (requires some training, based on experience and seniority), collect coupons/put out call sheets (coupons daily in the evening, call sheets based on availability), assist customer service clerk with their duties (ie. changing changers, closing tills, etc), bagging for other cashiers (based on need for cashiers/how busy it is), etc.

most of these other duties occur in evening shifts.

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