Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

Assignment

Question 1

Throughout most of your accounting education, you prepared your work either manually or in an electronic spreadsheet. Do you believe there are still companies doing the accounting manually? What benefits are there to learning to do the work manually before being introduced to accounting software?

Respond to this...The reason to learn how to do accounting manually is to understand the process. If a computer does steps for you, you need to understand what it is doing and why in order to understand the result that it gives you. Some companies probably still do accounting manually, most likely very small companies with just 1 or 2 employees, who don't want to spend the money on an accounting software, or are just not sure how to use one. Also, accounting software is not perfect. If you don't understand the whole process from learning how to do it manually, your chances of realizing that the software has made a mistake go down, which can be detrimental to the company you work for.

Question 2

In the introductory reading about Jorge Luis Borges, you learned about the opening reference in "The Garden of Forking Paths" to the military historian, Liddell Hart. "Official history," say the editors, "is undermined [by Borges] on the very first page" of his fiction. Does Borges mean to imply in his story that there is no such thing as official history? In your opinion, what is "official history" compared to just "history?" How does one decide which is the official history and which isn't? When possible, be sure to include details from "The Garden of Forking Paths" in your discussion.

Respond to this...Official history is a form of history that is in final form and that can be proven,while history I believe is information that provides facts but simply are factual assumptions based on knowledge that has been acquired. Official history can be concluded with highly reliable evidence such as documents, tangible items, a person who was there, or any such thing that has some sort of visual or vocal representation. Boges also mentions that "nothing" happens in the past and future "only" in the present. Which is true, the past has obviously already been over, and the future is yet to happen. I assume by this the author is trying to say that the present is now and what happens in the current time is more important than the past and future to an extent.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92558337
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Accounting Basics

Question - june 30 you record the adjusting entry for the

Question - June 30 You record the adjusting entry for the depreciation on equipment for the month, which is estimated to be $5,640 per year. What is the book value of the equipment after the adjusting entry in the proble ...

Question - as the senior accountant you had just prepared

Question - As the senior accountant you had just prepared & posted the journal entry that closed the revenue accounts to the income summary account. Suddenly you noticed that your bookkeeper made a tragic error in record ...

Assessment task select two public limited companies listed

Assessment task: Select two public limited companies listed on the Australian Securities Exchange (ASX) that are in the same industry. Go to the website of your selected companies. Then go to the Investor Relations secti ...

Question - gemmex inc is a consulting company that

Question - Gemmex Inc. is a consulting company that specializes in systems design and implementation. The following transactions are recorded by Gemmex during July, its first month of operations. July 1: Issued common sh ...

Question - nmc has an average charge per client per of

Question - NMC has an average charge per client per of $12.00.its overhead are $15,956 and the trainer takes $* from every commission /charge. How many clients does the NMC need to serve in a year to break even? The trai ...

Auditing assignment -assessment taskthe aim of the group

Auditing Assignment - Assessment Task: The aim of the group assignment is to test students' ability to integrate skills learnt in Auditing and Assurance Services to analyse a real company from the auditor's perspective a ...

Question - susan a single taxpayer owns and operates a

Question - Susan, a single taxpayer, owns and operates a bakery as a sole proprietorship. The business is not a specified services business. In 2018, the business pays $100,000 in W-2 wages, holds $150,000 of qualified p ...

Question - seven star corporation purchased a piece of

Question - Seven Star Corporation purchased a piece of equipment at the beginning of 2012. The equipment cost $140,000. Its estimated service life is 8 years and has an expected salvage value of $8,000. The sum-of-the-ye ...

Question the availability of funds effects the capital

Question: The availability of funds effects the capital budgeting decisions. The amount of funds available for capital expenditures will be either limited or unlimited. Funds would be considered unlimited when a firm is ...

Question - white mountain sled company manufactured 3000

Question - White Mountain Sled Company manufactured 3,000 Children's snow sleds during November. The following variable overhead data relates to November: Budgeted variable overhead cost per unit $12.00 Actual variable m ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As