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There are 7438 articles in 1670 discussions. See the most recent and the best rated articles in General Accounting

The most recent discussions

Business sale accounting entry

February 13, 2017, 10:12 pm

I sold and closed my business., received payment from buyer, after deducting lawyer and agent expenses, deposited in bank. There is Goodwill and Loss on Balance Sheet. Under which account this sale o... Read more »

Changing an invoice

May 5, 2015, 5:48 pm

It's one thing to work for some closely to where you can call up and say, hey that invoice I sent few minutes ago had a typo; I will send you a new one. But I am working with someone who changes... Read more »

USD to CAN translation entry.

March 14, 2015, 5:22 pm

I have all my sales & all purchases as well as all A/R & A/P transactions in USD and Bank accounts maintain for it is also in USD. At the end of the year, I have to translate these values in CAD. W... Read more »

Can I get my CPA if I have BA in government and a Masters in Accounting?

February 12, 2015, 3:19 am

I have my Bachelors in Government Relations and have been looking into going for my Masters in Accounting. Ultimately I want to get my CPA but haven't quite figured out if the Masters accounting clas... Read more »

Barcode listing fee

January 31, 2015, 8:55 am

we are doing the registration of our items in local supermarket for what we have to pay barcode listing fee,my question is how I can pass the entry for these expense? Read more »

Due date of final 1120-S?

November 19, 2014, 6:34 pm

A calendar-year Subchapter S corporation was formally dissolved and all assets distributed on November 6, 2014. One CPA says the 15th day of the third month is calculated from the end of the sho... Read more »

Company File

October 30, 2014, 11:18 pm

I am an outsourced accountant of a small business and basically just prepar e their financial statements from the data they provide. Company needs a b usiness valuation and has hired a CPA firm fo... Read more »


January 24, 2014, 4:55 pm

Hi , we could try to evaluate the supervision of Accounting differently when considering the finance and its relationship with Accounting design; But After discussing about the finance and its li... Read more »

Journal entries for retainers

December 9, 2013, 3:14 pm

I need to bill a client for a retainer of 50,000. Additionally, we owe them rent of 5,000. What are the journal entries to record the issuing of the invoice and what are the journal entries to reco... Read more »

Expert accountant

November 19, 2013, 1:22 pm

Accountancy & Business Advice Centre Ltd is one of the most trusted company. We provide you Acquisitions & Mergers, Asset Protection, Business Structures, Business Valuations. If you want to know mor... Read more »

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The best rated discussions

Self-Directed IRA LLC, SS-4 questions, etc. rating: 5

I recently opened a Self-Directed Traditional IRA account at a custodian trust company in the mid-west, and I am in the process of having my IRA funds from elsewhere rolled over into my Self-Direct... Read more »

Re: "Easiest" state to get CPA license in? rating: 5

All states require a bachelors in Accounting, not must a business degree with an accounting major. This adds up to about 24 semester hours of accounting. You then have to take the test and get expe... Read more »

Accounting jobs suck! rating: 5

I graduated from college with a BBA in accounting in May 2002. My GPA was 3.87 on 4.0 scale. I have been a professional seeker of accounting jobs for five years. Most employers will not even consider... Read more »

LLC and Guaranteed Payments rating: 5

Hello, I've recently created an LLC and have been researching Guaranteed Payments, Member Draws, and EOY Member Distributions and found conflicting data. 1.) Does an multi member LLC defaulting to be... Read more »

Lessee, Lessor, and Variable Interests rating: 5

Have a question about a case I am doing in class: FastCar Parts, a manufacturer of automotive engines, is a nonpublic entity that leases a building from a related party, RE Properties, LLC. RE is who... Read more »

Application of customer payments against Invoices rating: 5

Please assist in confirmation of GAAP - If a customer has multiple open invoices of varying age, makes a payment, references an invoice number on the check - is payment applied: - To oldest invoice ... Read more »

Self-Directed IRA LLC -- finding a NJ accountant rating: 5

I created a Self-Directed IRA and formed a Self-Directed IRA LLC in New Jersey. I already bought one investment property in the name of the SDIRA LLC (a tenant-occupied duplex in New Jersey). Now,... Read more »

Stuck on a problem for 3 hours!!! Please help! rating: 5

Could someone please help me with this problem. It's part of an assignment for school and I've gone through 3 accounting books and 3 hours and keep coming up $2 off somehow. It's a pretty basic pro... Read more »

What does "the large print giveth and the small print taketh away"... rating: 5

Hello everyone, This is my first question to this group. I'm translating an financial text book from english to my language. Now I've got a sentence which I can't make understand its real meaning. Th... Read more »

Bookkeeping disclaimer rating: 5

Hi, Looking for a sample of a bookkeeping disclaimer I can add to contracts. I want something along the lines of receipts and invoices are entered in accordance to what the client has provided. T... Read more » is a site by and for consumers of financial services and advice. We are not affiliated with any of the banks, financial services or software manufacturers discussed here. All logos and trade names are the property of their respective owners.

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