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Can I pay someone to do my Accounting homework for me?

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What are basic accounting questions?

• How should I record transactions? …
• Should I use cash-basis or accrual accounting? …
• How do debits and credits work? …
• What’s the difference between accounts payable and receivable?

What is commerce accounting?

What Is Accounting? Accounting is

the process of recording financial transactions pertaining to a business

. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities.

What is included in Financial Accounting?

The financial statements used in financial accounting present the five main classifications of financial data:

revenues, expenses, assets, liabilities and equity

. Revenues and expenses are accounted for and reported on the income statement. They can include everything from R&D to payroll.

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What is bad debts in accounting?

Bad debt refers

to loans or outstanding balances owed that are no longer deemed recoverable and must be written off

. This expense is a cost of doing business with customers on credit, as there is always some default risk inherent with extending credit.

What are the 5 most common interview questions?

• Tell me about yourself? …
• Why are you interested in this job? …
• What would you say are your greatest strengths? …
• What do you think are your biggest weaknesses? …
• Where do you see yourself in five years?

What is the golden rules of accounting?

What are the 3 types of accounting?

A business must use three separate types of accounting to track its income and expenses most efficiently. These include

cost, managerial, and financial accounting

, each of which we explore below.

What are the 4 types of accounting?

• Corporate Accounting. …
• Public Accounting. …
• Government Accounting. …
• Forensic Accounting. …
• Learn More at Ohio University.

Is financial accounting hard?

Accounting can be tough

. … The course load is quite intense, with classes in mathematics, finance, business, and accounting. While some concepts can be challenging, by studying the material and taking the time to make sure you fully understand accounting principles, you can be successful.

How much do financial accountants earn?

A Financial Accountant earns an

average salary of R319,107 per year

. People in this job generally don’t have more than 20 years’ experience. A skill in Tax Preparation is associated with high pay for this job.

What is the difference between bookkeeping and accounting?

In financial parlance, the terms bookkeeping and accounting are almost used interchangeably. … While bookkeeping is all about recording of financial transactions, accounting

deals with the interpretation, analysis, classification, reporting and summarization of the financial data of a business

.

What are the 4 types of financial statements?

There are four main financial statements. They are:

(1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders’ equity

. Balance sheets show what a company owns and what it owes at a fixed point in time.

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What is the accounting for goodwill?

The goodwill amounts to the excess of the “purchase consideration” (the money paid to purchase the asset or business) over the net value of the assets minus liabilities. It is classified as an

intangible asset

on the balance sheet, since it can neither be seen nor touched.

What is your weakness best answer?

How to answer What are your greatest weaknesses?

Choose a weakness that will not prevent you from succeeding in the role

. Be honest and choose a real weakness. Provide an example of how you’ve worked to improve upon your weakness or learn a new skill to combat the issue.

What is drawing in accounting?

Drawing, in accounting, refers

to the action of taking funds from an account or company holdings for individual use

. Business owners typically use drawing accounts when they are a part of a sole proprietorship or partnership. Drawing can also include items that are removed from a business for personal use.

What is the entry for bad debts written off?

The entry to write off the bad account under the direct write-off method is:

Debit Bad Debts Expense

(to report the amount of the loss on the company’s income statement) Credit Accounts Receivable (to remove the amount that will not be collected)

What’s a good answer for what’s your weakness?

To properly answer this dreaded interview question, remember:

Focus on being self-aware, honest, and dedicated to improvement

. If you’ve got these three qualities, your weakness won’t ruin your chances of landing the job. Try to reflect on your real weaknesses and what you’re doing to improve.

How do you answer why should I hire you?

1. Show that you have skills and experience to do the job and deliver great results. …
2. Highlight that you’ll fit in and be a great addition to the team. …
3. Describe how hiring you will make their life easier and help them achieve more.

What are the 5 types of accounts?

There are five main types of accounts in accounting, namely

assets, liabilities, equity, revenue and expenses

. Their role is to define how your company’s money is spent or received.

How do you pass accounting?

1. Make sure you can solve every type of problem illustrated in your textbook. …
2. Test yourself after each lesson. …
3. Work hard from Day One. …
4. Rely on discipline, not just motivation. …
5. Participate in class or online. …
6. Try to understand patterns. …
7. Try understanding ‘why’ …
8. Compete with yourself.

What type of accounting Do small businesses need?

• Invoicing.
• Bank and credit card syncing.
• Accounts payable.
• Accounts receivable.
• Online payment collection from customers.
• Basic financial statement preparation, such as profit and loss statements, balance sheets, and statements of cash flow.

What is petty cash book?

The petty cash book is

a recordation of petty cash expenditures

, sorted by date. In most cases, the petty cash book is an actual ledger book, rather than a computer record. Thus, the book is part of a manual record-keeping system.

What type of accountant makes the most money?

• 1) Financial Controller.
• 2) CMA (Certified Management Accountant)
• 3) Chartered Accountant.
• 4) Bank Branch Manager.
• 5) CGA (Certified General Accountant)
• 6) Senior Accountant.
• 7) Financial Analyst.
• 8) Credit Supervisor.

What can a bookkeeper not do?

A Bookkeeper (who is not a registered agent) can

process the system but cannot design, approve, or review the system in a manner that the client is

‘relying’ on the unregistered Bookkeeper.

What is a bookkeeper salary?

Find out what the average Bookkeeper salary is

Entry-level positions

start at $60,000 per year

, while most experienced workers make up to $80,000 per year. Related salaries. Business Analyst.

Why Small Businesses Need a CPA?

CPAs can wear many hats for your small business. They handle

bookkeeping

, preparing important financial documentation (e.g., tax documents and profit-and-loss statements), financial planning and tax filing, among other tasks.

What is the highest paid accounting job?

• Chief Financial Officer. Glassdoor Salary Range: $86,000 – $286,000+ …
• Controller. Glassdoor Salary Range: $78,000 – $155,000. …
• Accounting Director. Glassdoor Salary Range: $88,000 – $174,000. …
• Finance Manager. …
• Senior Accountant. …
• Tax Accountant. …
• Accounts Payable Specialist.

Do accountants do bookkeeping?

Accountants are a level up from bookkeepers. They can (but usually don’t)

perform bookkeeping functions

, but usually, they prepare detailed financial statements, perform audits of the books of public companies, and they may prepare reports for tax purposes.

Are accountants happy?

Accountants are

one of the least happy careers in the United States

. At CareerExplorer, we conduct an ongoing survey with millions of people and ask them how satisfied they are with their careers. As it turns out, accountants rate their career happiness 2.6 out of 5 stars which puts them in the bottom 6% of careers.

Is accounting harder than nursing?

So is an Accounting Degree harder than a Nursing?

Nursing school is more challenging than obtaining an Accounting bachelor’s degree

. … Students seeking to enter Nursing School should be comfortable and firm understanding of biology, anatomy, chemistry, math, and pharmacology.

What pays more accounting or finance?

In an analysis of the top-paid business majors for US graduates, NACE (the National Association of Colleges and Employers) reported that starting salaries for accounting majors in the US averaged US$57,511, while

finance majors

started at a slightly higher salary of US$58,464.

Do accountants get paid well?

What the survey says. Of course, the salaries firms offer grads vary and it seems the more prestigious the firm, the less need it has to offer an attractive salary package. … The median salary, accounting for 50 per cent of those surveyed, was

$45,000 – $55,000

.

What qualifications do you need to be a financial accountant?

The

AAT qualification

is typically the minimum level expected of an accountant, but to ultimately become a chartered accountant, you’ll have to progress to the ACCA, ACA or CIMA qualifications. Although many accountants hold a university degree, it’s often desirable rather than essential.