What do you mean by Days Payable Outstanding (DPO)?

Q: What is the impact on the accounting equation when a current month’s utilityexpense is paid

A: Accounting equation: Accounting equation is an accounting tool expressed in the form of equation, by…

Q: What three factors influence the dollar amount reportedfor liabilities?

A: Balance sheet have the dollar amount of liabilities, equity and assets of an entity. Liabilities are…

Q: Which of the following will be included in the adjusting entry to accrue interest * ?income or…

A: Accrue interest income is the interest earned but not received.

Q: What effect does the going-concern (continuity) concept have on the amounts at which long-term…

A: Going concern assumption means that business will continue for a longer period of time and there are…

Q: Define Times interest earned ratio.

A: Accounting Ratios: A ratio is a number expressed in terms of anther. Ratios are used by…

Q: Why does a balance sheet balance (assets = Liabilities + OE)?

A: Accounting is done on double entry system, in which we book any financial transaction into books at…

Q: When is the return on assets equal to the return on equity? * When the 00

A: Return on equity is the ratio which shows the earning capacity of the equity shareholders’ funds and…

Q: What would the credit terms of “2/10, n/EOM” mean?

A:

Q: how deposits became now a days?

A: Money is stored in banking organizations for safety and is known as bank deposits. These deposits…

Q: what are the creditor days

A:

Q: le

A: Formula:  Current ratio = Current assets / Current liabilities Working capital = Current assets -…

Q: rs to the amount of mc s to the amount of tim s to the amount after ver on the maturity da = to the…

A: Under the financial accounting, the term principal is used as it is the debt amount which excludes…

Q: What is the difference between a nominal account and a real account?

A: A nominal account records accounting transactions for a single fiscal year. Accounting transaction…

Q: What is the adjusted book balance?

A: Bank Reconciliation :— it is a statement prepared by the account holder on a perticular date to…

Q: - interest expense

A: It is pertinent to note that accrued interest even though not due and payable need to be recognized…

Q: Typically, the estimated amount available for short-term payments in a statement of affairs…

A: Statement of accounts: It is the periodic statements summarizing all the account activity of the…

Q: When are the value of asse balance sheet shown at the when aren't they2

A: There are two most commonly used quantitative measured for valuing the assets  of a company this are…

Q: WHAT ARE THE MAIN DOCUMENTS USED FOR PAYDAYLOAN ?

A: A payday loan is a high-cost unsecured loan that can be availed at the time of a short-term…

Q: en is the bill due for payment? 4th Decen

A: When a person is entitled to receive an amount of money after a certain period of time, he can draw…

Q: Accounts payable is a Select one: A. current liability B. current asset C. long-term liability D.…

A: Accounts payable are short term obligation which should be paid to the vendors or suppliers for the…

Q: How is Days to Collect A/R calculated?

A: Days to collect accounts receivable known as days sales in outstanding is calculated to know the…

Q: What does "2/10" mean, with respect to "credit terms of 2/10, n/30"

A: Credit terms are those terms which provides the parameters of payment by the customers for the…

Q: 1. How much is the trade discount? 2 When is the due date to pay the account? 3. What is the term of…

A: Trade discount is the discount which is received by the buyer on the goods which has been bought in…

Q: a) What would be the value A? b) What would be the value B? c) What is the remaining balance after…

A: Information Provided: Amount = $150,000 Term = 30 year  Rate = 6.01%

Q: Describe the rules of accounting rate of return.

A: The accounting rate of return (ARR) is the percentage rate of return expected on investment or asset…

Q: . The operating cycle is equal to which one of the following?  A.  Inventory period plus the…

A: Operating cycle is computed as follows: Cash operating cycle is computed as follows: Cash…

Q: How is the times-interest-earned ratio calculated, and what does it evaluate?

A:

Q: What is the amount paid for VAT in Feb? (VAT payable)

A: VAT or Value Added Tax refers to the tax levied on the value addition in goods or service.  When…

Q: If the difference between current assets and curren is 88.7, bill payable 166.5, creditors 30,…

A: The correct answer is D As given, Current assets - current liabilities = 88.7 Current liabilities =…

Q: amount is recorded as accounts payable from this purchase?

A: Perpetual inventory management system is a method of recording inventory balance on time based on…

Q: What is the relationship between the accountingequation and the balance sheet?

A: Accounting is the detailed process of maintaining books of accounts. It includes several steps like…

Q: For VAT and Percentage transactions, state when will be the deadline for the remittances

A: VAT is value added tax and it is indirect tax which means tax is paid by consumer of goods or…

Q: What is a Accrued account

A: Accrued accounting can be defined as an accounting method under which all the business transactions…

Q: How is times-interest-earned computed?

A: The times interest earned ratio is a measure of a company's ability to meet its debt obligations…

Q: A promise to pay an amount on a specific future date plus interest is recorded in which account?…

A: Accounting is a term used to describe a wide range of activities. It may be defined as the process…

Q: What is the amount of tmes-Interest earned?

A: Times Interest Earned: Times interest earned is a ratio which states with how many times the…

Q: What is the present account balance?

A: An annuity is the deposit of a fixed amount regularly at a fixed interval of time over a specified…

Q: How is accrued interest calculated?

A: Accrued interest is the amount of interest that has been due but not received by the lender or…

Q: What is the current year's accounts payable balance

A: Accounts payable are those people to whom company owed money. They are recorded as current liability…

Q: Prepaid insurance is reported on the balance sheet as a?

A: If insurance permium is paid in adavance in current accounting period. Generally, it is divided in…

Q: Accounts payable would appear on the balance sheet as a

A: Accounts payable (AP) is an account within the general ledger that represents a company's obligation…

Q: What is the formula used to get the answers in interest expense and net income?

A: The interest expense is the amount a borrower has to pay against the amount borrowed. It is…

Q: Which of the following accounts would probably need to be adjusted at year O Notes Payable Supplies…

A: Solution: Broadly there are 4 type of accounts that requires adjustment at year end. They are…