Billing Statement

I’m doing my company accounts for 2009 and seem to have a few missing receipts for certain expenses, so I was wondering if I could use bank statements instead?

The bank statement will tell you how much the amount was, but it won’t tell you what it was for. If you have the cancelled check, it will tell you who was paid and you could probably surmise what the expense was for, but an actual receipt or invoice is preferable.

How do the 3 accounting financial statements (balance sheet, income statement, cashflow statement) tie together and connect?

(1) Income statement: shows the "retained earnings" of the company for a particular period.
(2) Balance sheet: shows the cumulative "retained earnings" of the company since inception.
(3) Cash flow: shows the net cash of the company for a particular period.

Think of (2) as the cumulative of all of the (1)s put together.

Think of (3) as follows: At any point in time, the company owes some people cash and other people owe the company cash. When all of the cash obligations are eventually settled, that means the cash flow should equal (1).

When you write off doubtful accounts, how does it affect your income statements, balance sheets, and statements of cash flows?
This is just a general question. The assignment gave numbers and such, but the information was so limited. I really like your answer. I’m still confused on why it is that way though.

Answer:

When using the allowance method:
No effect on income statement
No effect on balance sheet
No effect on statement of cash flows

When using the direct - write off method:
Income statement: Expenses will increase (net income will decrease)
Balance sheet: Total assets will decrease
No effect on statement of cash flows

I am applying to the UC system right now, doing my personal statements. They say that both personal statements should be 1,000 words together (cumulatively), they say also however that a little over, 1012 words for example (this is their literal example), is fine. I just finished and I have 1038 words, will that be ok? Or should i try to restructure the essays and lower it?

You can probably get a way with 1,025 words or less. Use contractions to shorten your personal statement.

Good luck!

I just need each of the candidate’s final statements from the Belmont debate, that would be great, thanks.

go to hulu.com you can watch the whole debate or fast forward to the end
enter obama mccain debate in the search engine it will take you to all of them you have to look though some are just excerpts and some are whole debate

Hi all,

I need a logical way to remember where all the categories go in the income statement, balance sheet, statement of retained earnings and the cash flow statement.

What is an easy way to remember what these statements are for and how to use them ?

Please help me =)

Thanks everyone!

assets and liabilities in balance sheet
revenue and expenses in income statement
cash flow includes changes in debtors and creditors and other moneys out eg asset purchases, and other monies in etc.
net profit/loss is included in the balance sheet eg profit would be a liability of the company owing to owners or shareholders.
conversely a loss would be money owed to the co. by shareholders.

There are so many different ratios and trends you can look at in financial statements. Plus a lot of these seem to require assumptions about things like interest rates that are just impossible to know.

If you were comparing several stocks in a like gaming, what fundamental factors would lead you to one stock over another?

Other than the balance sheet and income statement, I would look at the P/E ratio. A P/E ratio being high (or low) doesn’t say anything unless you compare it with other companies in the same industry. Say Microsoft had a PE ratio of 30 and Apple had a PE ratio of 95. On that alone you would say that the price-to-earnings ratio of 95 is greater than Microsoft since they are primarily in the same market and investors are expecting ‘higher returns’ with Apple than Microsoft ( a good sign to buy the stock).

What is the usual order in which financial statements are prepared from the adjusted trial balance? Why are they prepared in that order?

Income Statement, Balance Sheet, Statement of Retained Earnings (also sometimes called an Owner’s Equity Statement).
————————
Income Statement is first because you need to find net income for the period to complete the Balance Sheet, and then you need info from the Balance Sheet to complete the Statement of Retained Earnings.

What is the usual order in which financial statements are prepared from the adjusted trial balance? Why are they prepared in that order?

Income Statement, Balance Sheet, Statement of Retained Earnings (also sometimes called an Owner’s Equity Statement).
————————
Income Statement is first because you need to find net income for the period to complete the Balance Sheet, and then you need info from the Balance Sheet to complete the Statement of Retained Earnings.

How do #define statements work and why is it good to use them for constants like mask values.

If you have something that will stay the same forever, but it might be hard to remember, you #define it as something you can remember.

The WM_CLOSE message in Win32 is a 32 bit 8 character string, and I don’t want to have to type that out every time I handle the WM_CLOSE message, so in the windows.h file, you will see:

#define [numbers here] WM_CLOSE

So now WM_CLOSE directly reads as those numbers to the compiler.