(Answered) Assignment1 what is the difference between accounts

Accounting

Assignment

1. What is the difference between accounts receivable (AR) and accounts payable (AP)?

2. When a company is using double-entry accounting, what elements of a given ledger must be equal?

3. If a company has three bank accounts for processing payments, what is the minimum number of ledgers it needs?

4. What are two or three types of special journals?

5. What methods have you used for estimating bad debt?

6. Why is it easier for someone to perpetrate fraud using a journal entry than with a ledger?

7. Which enterprise resource planning (ERP) systems have you used?

8. What is your experience with developing business metrics?

9. If a private company with break-even operations received a $10 million investment, how would you develop a strategy to spend or invest that money?

10. What challenges have you faced in leading a team through an analysis project?

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