Accounting

Accounting

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Assignment on Acc 101

Assignment on Acc 101

Differences between journal and ledger.

 
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Assignment From Olovo Ifeyinwa Lorita (65872829ab)

Assignment From Olovo Ifeyinwa Lorita (65872829ab)

Uploaded by Olovo Lorita

An assignment from OLOVO LORITA attempting question on Brief discussion on cash account, personal account, nominal and real account.

 
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Assignment From: Anongo Doobeee Bridget (66462075ii)

Assignment From: Anongo Doobeee Bridget (66462075ii)

An assignment from ANONGO DOOBEE BRIDGET attempting question on Brief discussion on cash account, personal account, nominal and real account.

 
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Assignment From: Terkaa Comfort (65862325if)

Assignment From: Terkaa Comfort (65862325if)

Uploaded by Comfort Terkaa

An assignment from Terkaa Comfort attempting question on Brief discussion on cash account, personal account, nominal and real account.

 
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Assignment on Acc 101

Assignment on Acc 101

Uploaded by Inalegwe Simon Idu

Differences between four types of account.

 
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Assignment on Acc 101

Assignment on Acc 101

Uploaded by Teryila Eric Agba

Differences between journal and ledger.

 
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Acc 101 Assignment

Acc 101 Assignment

Uploaded by Ikwe Felix

NAME; IKWE FELIX TOMBUWUA REG NO; 65779262IB DEPT; ACCOUNTING AND FINANCE OPTION; B.SC BANKING AND FINANCE COURSE CODE; ACC 101 ANSWER CASH ACCOUNT: cash account is an account in which money transactions are recorded. Cash account can also be seen as a accounting method that records income when it is received and records expenses in the period in which they are paid. Under cash accounting, revenues and expenses are recorded at the time that cash is exchanged when cash is received from a sale, it is recorded in the account as a sale, and when payment is made on an expense, and it’s recorded as an expenses. PERSONAL ACCOUNT: personal accounts are accounts relating to persons or organisation with which the business has transaction with e.g customer, supplier and money lender. The rule of personal account is debit the receiver, credit the giver. The personal accounts comprise debtors, creditor’s account, and capital account, drawings account and bank account. REAL ACCOUNT: Are the accounts relating to all asset and properties, the rules of real account is debit what comes in. Credit what goes out. Examples of real account are cash, bank, building, loans creditors. NOMINAL ACCOUNT: is an account relating to expenses, loses, incomes and gains. Examples of nominal account are sale account, dividend account. They rule of nominal account is debit all incomes and losses, credit all income and losses, credit an income and gains. Nominal accounts also relates to revenue/income and intangible assets.

 
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Adai Pius Esah Assignment on Basic Accounting 1

Adai Pius Esah Assignment on Basic Accounting 1

PLEASE DOWNLOAD THE ATTACHMENT OF ADAI PIUS . THANKS.

 
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Acc 101 Assignment

Acc 101 Assignment

Uploaded by Akor Ene Esther

NAME; AKOR ESTHER ENE REG NO; 65899960II DEPT; BUSINESS ADMIN OPTION; B.SC BUSINESS ADMINISTRATION COURSE CODE ACC 101 COURSE TITLE; BASIC ACCOUNTING 1 LEVEL 100 ASSIGNMENT HIGHLIGHT ANY FOUR DIFFERENCES BETWEEN JOURNAL AND LEDGER ATTEMPT 1. Journal is the book of prime (first) entry, while Ledger is the book of final entry. 2. A transaction is firstly recorded in the journal soon after the occurrence of it; it is only then transferred to the ledger. 3. Narration is required in a journal that is not the case in the ledger. 4. Transactions are recorded in the sequence of occurrence in the journal, whereas transactions are classified and recorded in relevant accounts in the ledger.

 
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Acc 101 Assignment

Acc 101 Assignment

Uploaded by Akor Ene Esther

NAME; AKOR ESTHER ENE REG NO; 65899960II DEPT; BUSINESS ADMIN OPTION; B.SC BUSINESS ADMINISTRATION COURSE CODE ACC 101 COURSE TITLE; BASIC ACCOUNTING 1 LEVEL 100 ASSIGNMENT HIGHLIGHT ANY FOUR DIFFERENCES BETWEEN JOURNAL AND LEDGER ATTEMPT 1. Journal is the book of prime (first) entry, while Ledger is the book of final entry. 2. A transaction is firstly recorded in the journal soon after the occurrence of it; it is only then transferred to the ledger. 3. Narration is required in a journal that is not the case in the ledger. 4. Transactions are recorded in the sequence of occurrence in the journal, whereas transactions are classified and recorded in relevant accounts in the ledger.

 
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Acc 101 Assignment

Acc 101 Assignment

Uploaded by Unum Henesy

Cash accounts, Personal Accounts, Real Accounts, and Nominal Accounts

 
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Acc 101 Assignment

Acc 101 Assignment

Uploaded by Janeth Terna

Discuss four Differences Between Manual & Computerized Accounting?

 
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