General Accounting

Is hybrid specific Id and Average Cost Inventory costing allowed?

Hi All, My lessons in inventory accounting are starting to pay off, and things are starting to become clear. I'm curiou...

7 comments posted 17yrs

posted by maxmoor

7 comments posted 17yrs posted by maxmoor

Venue commision on sales: Cost of goods sold or expense?

Hi All, I'm curious how to account for fees paid to Amazon for book sales. Two payments are made. On is $40 per month b...

2 comments posted 17yrs

posted by maxmoor

2 comments posted 17yrs posted by maxmoor

Last time bugging you for answer critiques today

1) (Assume all transactions are cash transactions) La Fiesta Company engaged in the following transactions during 2007,...

0 comments posted 17yrs

posted by richard.glisson

0 comments posted 17yrs posted by richard.glisson

Join this group to meet more Accounting Professional ....

Dear All , You can join in this group to share more topic and idea ... just click http://groups.google.com/group/account...

0 comments posted 17yrs

posted by fasolution

0 comments posted 17yrs posted by fasolution

Critique my accounting answer please

The Greenwood Company purchased equipment costing $700. Greenwood paid $400 in cash and agreed to pay the remaining amo...

1 comments posted 17yrs

posted by richard.glisson

1 comments posted 17yrs posted by richard.glisson

I need help with a couple of accounting questions on my homework.

1) Barnaby company experienced the following transactions during 2007, its first year in operation. 1. Issued $3,000 of...

4 comments posted 17yrs

posted by richard.glisson

4 comments posted 17yrs posted by richard.glisson

capital vs. cash

When I'm preparing an owner's equity sheet, I have come across the options of cash and capital in the exercise. I can't...

0 comments posted 17yrs

posted by stanigator

0 comments posted 17yrs posted by stanigator

Income Statement Questions

In general, other than putting all the revenues and expenses on the statement, I am aware that anything that is payable...

0 comments posted 17yrs

posted by stanigator

0 comments posted 17yrs posted by stanigator

I need to interview an accountant for a school project

Hi Everyone, I started talking some accounting classes at a local community college recently. One of my assignments is...

0 comments posted 17yrs

posted by popinfresh

0 comments posted 17yrs posted by popinfresh

On Line Shop Advice Needed

I want to open an on line shop selling MP4 video files. I also want the shop to have various one minute MP4 clips of ea...

0 comments posted 17yrs

posted by tommysg

0 comments posted 17yrs posted by tommysg

Accounting for Inventory

Hi All, I'm trying to understand the very basics of accounting for inventory. I've been reading a good bit online, but...

6 comments posted 17yrs

posted by maxmoor

6 comments posted 17yrs posted by maxmoor

CK-ERP (Open Source ERP / CRM / MRP) v.0.28.1 released

A new release, v.0.28.1, of CK-ERP, has been posted at SourceForge.Net, http://sourceforge.net/projects/ck-erp . New fe...

0 comments posted 17yrs

posted by ckwu

0 comments posted 17yrs posted by ckwu

Need info on Libra "Signature" accounting software

Thanks for reading this. I have a client who is using the DOS-based version of Libra "Signature" accounting software. P...

2 comments posted 17yrs

posted by bill

2 comments posted 17yrs posted by bill

Self-Directed IRA LLC -- finding a NJ accountant

I created a Self-Directed IRA and formed a "Self-Directed IRA LLC" in New Jersey. I already bought one investment prope...

0 comments posted 17yrs

posted by alta4

0 comments posted 17yrs posted by alta4

Proper Treatment of Section 179 in Accounting System

If we use Section 179 to expense the current year's assets, should we be reporting the Section 179 expense on the incom...

4 comments posted 17yrs

posted by nisha

4 comments posted 17yrs posted by nisha