Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 2. accounting information flows through various pl

2. Accounting information flows through various places before finally resting in the general ledger. When...

80.2K

Verified Solution

Question

Accounting

2. Accounting information flows through various places before finally resting in the general ledger. When information originally is recorded it goes to the general journal - this is a book of original entry. Prior to computers, and even in tandem with computers, companies would hold a list of journal entries and the purpose would be listed on each transaction. When you record a payroll transaction for the issuance of paychecks to employees, what information do you need to know to record the transaction and would you include a description line on your entry?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Explain the main functions of budgeting with examples from your organization. (500 WORDS)

Basic Math
1.2K views

use method of undetermined coefficients to find y''-5y'+4y = 8ex+cosx

General Management
1.2K views

Assume that the traffic to the web site of Smiley’s People, Inc., which sells customized T-shirts,...

Physics
1.2K views

ce L a capacitance C and resistance R may be connected to an AC source...

Accounting
1.2K views

Bed & Bath, a retailing company, has two departmentsHardware and Linens. The companys...

Accounting
1.2K views

Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors...

Accounting
1.2K views

Marc, a single taxpayer, earns $283,000 in taxable income and $8,700 in interest from an...

Accounting
1.2K views

The year-end financial statements of Calloway Company contained the following elements and corresponding amounts: Assets...

Accounting
1.2K views

Check my work 6 Orion Iron Corp. tracks the number of units purchased and sold...

Accounting
1.2K views

InterTech Corporation needed financing to build a new manufacturing plant. On June 30, 2017, InterTech...

Finance
1.2K views

Three Guys Burgers, Inc., has offered $16 million for all of the common stock in...

Accounting
1.2K views

Everything must be entered in formula form. Thank you! Xercise Cycles Company has...