These are the latest questions from the Accounting Coach website:
- Where in the chart of accounts is a suspense account located?
- How is a short term bank loan recorded?
- What is the difference between public sector and private sector?
- What is the difference between public companies and public sector?
- What is a reclassification?
- What is the proper use of the words lend and borrow?
- What type of expense is the purchase of propane?
- What if a company's Allowance for Doubtful Accounts is understated?
- Does the accrual method apply to the purchase of equipment?
- What is the IRS mileage rate for use of a car for business?
