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oksian1 [2.3K]
3 years ago
15

Our entrepreneur in problem 4 above is trying to set up a well-organized office filling system that will make it easier (and les

s costly) for the company’s accountant to do their work. The accountant has told the entrepreneur to put all Profit and Loss source documents in one file and all Balance Sheet items in another file. The entrepreneur has made a list of every piece of paper she can think of and a checklist to help get the filing system organized. How would you complete this checklist to get the financial files organized? Answer the following 13 questions to show how you would organize the files for the accountant.
1. Sales receipts
2. Bank statements showing cash in the bank
3. Payrolls from your payroll firm that have bccn paid
4. Receipts for business travel
5. Utility bills paid
6. Orders for supplies that you have 60 days to pay
7. Receipts for major equipment purchases
8. Insurance premiums paid
9. Rent paid for office space
10. Advertising bills paid
11. Bounced checks from customers for prior sales
12. Statement showing balance due on bank loan
13. Credit card statements showing balances due
Business
1 answer:
PIT_PIT [208]3 years ago
7 0

Answer:

Profit and Loss file

Sales receipt

Payrolls from your payroll firm that have been paid

Receipt for business travel

Utility bills paid

Insurance premium paid

Rent paid for office space

Advertising bills paid

Balance sheet file

Bank statement showing cash in the bank

Order for suppliers that you have 60days to pay

Statement showing balance due on bank loan

Credit card statement showing balances due

Bounced checks from customers for prior sales

Explanation:

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3 years ago
In a defined benefits plan, the employer bears the investment risks in funding a future retirement income benefit. true false
yanalaym [24]

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3 years ago
The United States Department of Education supports and funds CTSOs.<br> True or False?
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The balance sheet identifies the productive resources (assets) that a firm uses to generate income, as well as the sources of fu
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Answer:

A) True

Explanation:

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