THIS VIDEO IS PROVEN THAT : A doctor’s mistake is buried. A lawyer’s mistake is imprisoned. A pharmacist’s mistake is poisoned. An accountant’s mistake is… adjusted, corrected AND Reconciled! :-)
Fixed assets can be revalued upward from the asset's carrying amount if the reporting framework is I. US generally accepted accounting principles (GAAP) II.IFRS (A) I only (B) II only (C) both I and II (D) neither I nor II
Oh, I do value based pricing with 3 core packages. You can go to my RU-vid Channel and go to my playlist and check out my Pricing Your Bookkeeping business video.
Hi Crysta, just saw ur video.really liked it.. Idk if you would still read the comments but I hve a question of how to setup a business like how to register your company specially in Florida.Thanks
For virtual assistant or Remotely Bookkeeping via Cloud based Software contact: anand.thakor@gmail.com Or Any one interested sharing work with us or outsourced us then also most welcome ✌️ Together we achieve more!!. Thank you
Thank you. This is my first time seeing your channel. I subscribed. How can I grow into a niche which is new to me? I would like to move from my current industry?
Are you experienced in bidding? Do you know a lot about premiums? Im reading a book on accounting.And its so much I didnt know especially when it comes to taxes.It can really br confussing in figures if you dont know what your doing.Games and lotterys also.I heard of Quick books too.So much! please keep in touch.
They had questions like When recording the journal entry to distribute the stock dividend, Reisig Corporation will credit additional paid-in- capital for (A)$80,000 (B)$100,000 (C)$50,000 (D)$150,000 It seemed simple but a lot more difficult when you got into it. When accounting for the expense related to compensatory stock options, which of the following is decreased? I net inckme Ii.retained earnings III total stockholders' equity (A)I,Ii,and III (B)I and II (C)I only (D)I and III
Hi crysta, I have a question, what do u mean by doing work from home in the sake of purchase, sales, bank and cash expenses to be recorded in software. .when u don't have physical purchase, sales invoices because it is first step. .who is responsible to put in these entries in software, how cloud based software like quickbooks helps. .please guide. .
Go to Quickbooks online Accountant and sign up as a Quickbooks Pro for free. If you need help learning bookkeeping you can take my Bookkeeping course for $99, if you need help gaining clients you can join my Tax and Accounting Clients on Demand for $997. Just click the link below for more info on both: bit.ly/taxesbookkeeping. Talk to you soon!
Hi Crysta, where do I get more information for the QuickBooks pro advisor program you talk about in the video? Thank you in advance and I really enjoy your videos, I’m a new subscriber :)
When replacing an asset in which the cost of the old asset is known, I. replace the old carrying value with the capitalized cost of the new asset II. reduce accumulated depreciation of the asset class to increase book value (A). I only (B). II only (C).both I and II (D).neither I nor II
what is it that clien5s like most about your service.Self sufficient, keeping them infoemed when their totals go up or when you forward there amounts into there accounts. What is it that the like about you.Marketing and tracking. Seeing a check, allowing them to get funds when they needed.forwarding and paying other bills. collecting a certain amount for a particular cause or raise.
Hi! Quickbooks does for sure, and I believe Xero also has payroll. In my experience, many bookkeepers choose to use a payroll company (instead of doing in manually in QB) because it's often hard to keep up with current changes in payroll laws/taxes, etc. But, it does depend on the experience level of the bookkeeper.
Which of the following cost would NOT be capitalized to the land account? I.filling in dirt to level the property prior to excavation II. excavating cost (A).I only (B).II only (C) borh I and II (D) neither I nor II Which of the following is correct regardong land improvemen I. costs incurred to co struct sidewalks and fence would be capitalized to land improvements rather than to land. II. Land improvements can be depreciated. (A).I only (B).II Only (C) both I and II (D) neither I nor II Under IFS, assets are clasdified as investment property on the balance sheet if they are I. held for rental income II.to be sold for quick profit (A).I only (B).II only (C) both I and II (D) neither I nor II Under IFRS, revaluation gai s are reported on the income statement when the asset is classified as I. i investment property II. Property plant and equipment (A) I only (B) II only (C) both I and IU (D) neirher I nor II Accounting for Income Taxes Which of thw following would results i. referred tax liability? I. warranty expense II.bad debt expense (A).I only (B). II only (C) both I and II (D) neirher I nor II Accounting for Leases and Pensions Which of the following creteria must be met for lease to be accounted for as a capital lease? I. The lease contains a bargain purchase option. II.The lease transfer title to the leasee at the expiration of the lease. III. The lease term is 75% or greater than the life of the asset. IV. The present value of the lease payment is 90% or more of the fair value of the leased asset at the inception of the lease. (A). all four of the criteria (B). any three of the criteria (C).any two of the criteria (D).any one of the criteria Partnerships, Sole Proprietorships, and Value Accounting example: Desimone and Jeffrey are partners in the Strat-o-Matic Partnership.During the current year,Desimone and Jeffrey maintained average capital balance in their partnership of $140 ,000 and $80 000 respectively .Tjey share profit and d loss equally. and each received intrest of 5% on capital balances. Partnership profit before i interest was $5,000. How much is ending capital for Desimone's partnership interest? (A) $140,000 (B) $147,000 (C) $150,000 (D) $144,000)
Hi my name is amit, from india, with 18 years of experience in bookkeeping and taxation in India with various types of business, is it possible for me to get such work as outsource, need help..please...
Thank you for your reply. However, I am little confused do you need help answering these question or are you testing my knowledge by asking me these questions.
Current Liabilities and Contingemcies Curre t liabilities are obligations with maturities (A) within 1 year (B) withi n 1 year or one operating cycle, whichever is shorter (C) withi. 1 year or one e operating cycle, whichever os longer (D) within one operating cycle When recording trade account s payable under the net method, which of the following. correct regarding the payment or settlement date? I. A purchase discount lost account would be credoted if the payment date is after the discount period. II. A purchase discount would be debited if the buyer pays within the discount. (A).I only (B) II only (C) both I and II (D) neither I nor II Under US GAAP, provision for a loss contingency relating to pending or threatened litigation is recorded if the I. loss is considered reasonably possible II. amkunt can reasonably estimated (A). I only (B). II only (C). both I and II (D). neither I nor II Financial Instruments, Foreign Currency, Price Level Accounting, and No mo etary Exchanges Which of the following is among the criteria that need to be met for a derivative to be designated a fair value hedge? I. There is formal documentation of the hedging relationship between the derivative and the hedged item. II. The hedged item is specifically identified. (A). I only (B). II only (C). both I and II (D) neither I nor II Which of the following casj flow hedge transaction are reported on the income statement? I. gains, to the extent they are effective II.losses (A). I only (B). II omly (C).both I and II (D). neither I nor II With the regard to foreign currency accounting , which of the follosing are included in the determination of net income for the period? I. remeasurement adjustments II. tramslation adjustment (A).I only (B). II only (C).both I and II ( D)neither I nor II working capital Components Which of the following is treated as a sale of receivable I.factoring without resourse in exvhange for cash II. pledging recei ables in exchange for cash Accounting ing for Bussiness Combination Wjen a subsidiary is aquired with an acquisition cost tjat is less than the fair value of the underlying assts, which of the following is correct? I.The balance sheet is adjusted to fair value. II. Negative goidwill is recorded (A).I only (B). II onlt (C). both I and II (D).neither I nor II Statement of cash flow s The statement of cash flows provides relevant information about which of the following? I.thw cash receipts and disbursement of an entetprise during an accounting period. II. a company's ability to meet cash operating nedds in the future.
