Question:

Any of the three would suit your goals well, my friend.  You’ve already demonstrated your most relevant quality in that you despise [math] and…can’t see the point of half of what they teach us!!< Definitely a quality lacking in most accountants.  You will undoubtedly stand out in the profession.

Response:

Dear Sirs/Madams, I have recently started my first year at high school and would ask for your valuable assistance in selecting suitable classes that would benefit me in gaining a career in the esteemed (and lucrative) profession of accounting. Please don’t tell me that I should do maths, it is mandatory, I despise it and I can’t see the point of half of what they teach us!! I have a choice of three electives: Roadcraft – We are taught to maintain and ride motorcycles Metalwork – duh, we work with metal Home ec – Cooking, cleaning and needlework. Which of the above three would best suit an aspiring accountant – personally I think roadcraft because I will have to get to the office somehow. I await your sage council! Yours, Dwayne.

Response:

– Hide quoted text — Show quoted text – Dear Sirs/Madams, I have recently started my first year at high school and would ask for your valuable assistance in selecting suitable classes that would benefit me in gaining a career in the esteemed (and lucrative) profession of accounting. Please don’t tell me that I should do maths, it is mandatory, I despise it and I can’t see the point of half of what they teach us!! I have a choice of three electives: Roadcraft – We are taught to maintain and ride motorcycles Metalwork – duh, we work with metal Home ec – Cooking, cleaning and needlework. Which of the above three would best suit an aspiring accountant – personally I think roadcraft because I will have to get to the office somehow. I await your sage council! Yours, Dwayne.

Dear Dwayne: Being a career consultant, I have analyzed your missive and have come to the conclusion that you show a decided aptitude to be a circus contortionist. Are there any courses in your high school that teach that discipline? If not, you could practice on your own at home. The best exercise you can do is to bend over and kiss your own ass. That way, no one will be in the embarrassing position of having to do it for you. Hope that helps. Anastasia Beaverhausen

Response:

Dear Sirs/Madams,

<lead balloon Better luck next time uh?

Response:

– Hide quoted text — Show quoted text – Dear Sirs/Madams, I have recently started my first year at high school and would ask for your valuable assistance in selecting suitable classes that would benefit me in gaining a career in the esteemed (and lucrative) profession of accounting. Please don’t tell me that I should do maths, it is mandatory, I despise it and I can’t see the point of half of what they teach us!! I have a choice of three electives: Roadcraft – We are taught to maintain and ride motorcycles Metalwork – duh, we work with metal Home ec – Cooking, cleaning and needlework. Which of the above three would best suit an aspiring accountant – personally I think roadcraft because I will have to get to the office somehow. I await your sage council! Yours, Dwayne. Dear Dwayne: Being a career consultant, I have analyzed your missive and have come to the conclusion that you show a decided aptitude to be a circus contortionist. Are there any courses in your high school that teach that discipline? If not, you could practice on your own at home. The best exercise you can do is to bend over and kiss your own ass. That way, no one will be in the embarrassing position of having to do it for you. Hope that helps. Anastasia Beaverhausen

HAHAHAHAHAHAHAHAHA !!!! Good work Sm…er…Anastasia — Starshine Moonbeam mhm31×9 Smeeter#29 WSD#30 sTaRShInE_mOOnBeAm aT HoTmAil dOt CoM

Response:

Dwayne, accountants are macho enough without the bike riding image. I strongly suggest cooking and sewing. It’s about time we projected a caring, more compassionate and understanding image – introducing the Metrosexual accountant!

– Hide quoted text — Show quoted text – Dear Sirs/Madams, I have recently started my first year at high school and would ask for your valuable assistance in selecting suitable classes that would benefit me in gaining a career in the esteemed (and lucrative) profession of accounting. Please don’t tell me that I should do maths, it is mandatory, I despise it and I can’t see the point of half of what they teach us!! I have a choice of three electives: Roadcraft – We are taught to maintain and ride motorcycles Metalwork – duh, we work with metal Home ec – Cooking, cleaning and needlework. Which of the above three would best suit an aspiring accountant – personally I think roadcraft because I will have to get to the office somehow. I await your sage council! Yours, Dwayne.

Response:

Dear Sirs/Madams, I have recently started my first year at high school and would ask for your valuable assistance in selecting suitable classes that would benefit me in gaining a career in the esteemed (and lucrative) profession of accounting. Please don’t tell me that I should do maths, it is mandatory, I despise it and I can’t see the point of half of what they teach us!! I have a choice of three electives: Roadcraft – We are taught to maintain and ride motorcycles Metalwork – duh, we work with metal Home ec – Cooking, cleaning and needlework.

Being that Wee is a journeyman machinist, Wee would go with Metalworking Which of the above three would best suit an aspiring accountant – personally I think roadcraft because I will have to get to the office somehow.

Metalworking places an emphasis on the use of numbers, this may be beneficial for an accountant though this may not necessarily be the case… Another good point is the fact that since placing my resum

Question:

I wish I could help with these, but we have not gone over this part in class. Also, I  have read my text on this and concur with what you have stated. I will bring this up in class. Great for discussion. Janice – Hide quoted text — Show quoted text – I’d like to add to E. E. In January 2007 the engine was overhauled at a cost of $3,500, which extended the life of the van an additional two years beyond teh expected 4-year life, but at the time the van woudl not have any value. SOLUTION: I still don’t see how I can 1) remove the accumulated depreciation and 2) recognize the loss if I don’t know the cost of the individual component, such as the engine. Therefore, Van Dr   3500        Cash Cr   3500 Please set me straight if I’m in error. Thanks for everything.

– Hide quoted text — Show quoted text – A. On January 1, 2004, a van was purchased for $24,000. To acquire the van sales tax of 6% and dealer documentation fees of $160 were paid. The van was assigned a life of 4 years and a salvage value of $6,000. SOLUTION: Van  Dr.                          24,000 Dealer Fees/Expense Dr.      160 Sales Tax Expense  Dr.      1,440                         Cash Cr.             25,600 B. During the year, expenses of $250 were incurred for oil changes and other routine maintenance. SOLUTION: Since it’s an oil change, it’s expected and is expensed immediately, not capitalized. Maintenance Expense Dr.  250                              Cash Cr.         250 C. In July 2005, new tires were put on the van at a cost of $450. SOLUTION: The book says to 1) remove the cost and associated acc. depreciation of the component if known. However we don’t know how much of the cost is the old tire compared to the van, right? The book then says to recognize the loss (which we can’t because we couldn’t do step 1), and then finally to debit the asset account for the cost of the replacement or betterment, which I’ve done below: Van Dr.  450    Cash Cr.    450 D. On February 2, 2006, the transmission was replaced at a cost of $2,000. This was an unexpected repair, but did not extend the life of the asset. SOLUTION: Again, we don’t know the old cost of the transmission so I only debited the asset account. Van   Dr.  2000    Cash Dr.        2000 E. In January 2007, the engine was overhauled at a cost of $3,500, which extended the life of the van an additional two years beyond the expected 4 year life, but at that time the van woudl not have any value. SOLUTION: I have not attempted this part yet.

Response:

A. On January 1, 2004, a van was purchased for $24,000. To acquire the van sales tax of 6% and dealer documentation fees of $160 were paid. The van was assigned a life of 4 years and a salvage value of $6,000. SOLUTION: Van  Dr.                          24,000 Dealer Fees/Expense Dr.      160 Sales Tax Expense  Dr.      1,440                         Cash Cr.             25,600

I would add the dealer fees and sales tax to the asset (not expenses) B. During the year, expenses of $250 were incurred for oil changes and other routine maintenance. SOLUTION: Since it’s an oil change, it’s expected and is expensed immediately, not capitalized. Maintenance Expense Dr.  250                              Cash Cr.         250

yes C. In July 2005, new tires were put on the van at a cost of $450. SOLUTION: The book says to 1) remove the cost and associated acc. depreciation of the component if known. However we don’t know how much of the cost is the old tire compared to the van, right? The book then says to recognize the loss (which we can’t because we couldn’t do step 1), and then finally to debit the asset account for the cost of the replacement or betterment, which I’ve done below: Van Dr.  450    Cash Cr.    450

I would debit "repairs expense" D. On February 2, 2006, the transmission was replaced at a cost of $2,000. This was an unexpected repair, but did not extend the life of the asset. SOLUTION: Again, we don’t know the old cost of the transmission so I only debited the asset account. Van   Dr.  2000    Cash Dr.        2000

I would debit repairs expense E. In January 2007, the engine was overhauled at a cost of $3,500, which extended the life of the van an additional two years beyond the expected 4 year life, but at that time the van woudl not have any value. SOLUTION: I have not attempted this part yet.

I think this one is added to the asset

Response:

I’d like to add to E. E. In January 2007 the engine was overhauled at a cost of $3,500, which extended the life of the van an additional two years beyond teh expected 4-year life, but at the time the van woudl not have any value. SOLUTION: I still don’t see how I can 1) remove the accumulated depreciation and 2) recognize the loss if I don’t know the cost of the individual component, such as the engine. Therefore, Van Dr   3500        Cash Cr   3500 Please set me straight if I’m in error. Thanks for everything. – Hide quoted text — Show quoted text – A. On January 1, 2004, a van was purchased for $24,000. To acquire the van sales tax of 6% and dealer documentation fees of $160 were paid. The van was assigned a life of 4 years and a salvage value of $6,000. SOLUTION: Van  Dr.                          24,000 Dealer Fees/Expense Dr.      160 Sales Tax Expense  Dr.      1,440                         Cash Cr.             25,600 B. During the year, expenses of $250 were incurred for oil changes and other routine maintenance. SOLUTION: Since it’s an oil change, it’s expected and is expensed immediately, not capitalized. Maintenance Expense Dr.  250                              Cash Cr.         250 C. In July 2005, new tires were put on the van at a cost of $450. SOLUTION: The book says to 1) remove the cost and associated acc. depreciation of the component if known. However we don’t know how much of the cost is the old tire compared to the van, right? The book then says to recognize the loss (which we can’t because we couldn’t do step 1), and then finally to debit the asset account for the cost of the replacement or betterment, which I’ve done below: Van Dr.  450    Cash Cr.    450 D. On February 2, 2006, the transmission was replaced at a cost of $2,000. This was an unexpected repair, but did not extend the life of the asset. SOLUTION: Again, we don’t know the old cost of the transmission so I only debited the asset account. Van   Dr.  2000    Cash Dr.        2000 E. In January 2007, the engine was overhauled at a cost of $3,500, which extended the life of the van an additional two years beyond the expected 4 year life, but at that time the van woudl not have any value. SOLUTION: I have not attempted this part yet.

Response:

Thank you, Paul. I know that those costs should be capitalized. I just don’t think things through properly yet. As far as the other entries, I’m following GAAP. This is for Intermediate Accounting II.

– Hide quoted text — Show quoted text – A. On January 1, 2004, a van was purchased for $24,000. To acquire the van sales tax of 6% and dealer documentation fees of $160 were paid. The van was assigned a life of 4 years and a salvage value of $6,000. SOLUTION: Van  Dr.                          24,000 Dealer Fees/Expense Dr.      160 Sales Tax Expense  Dr.      1,440                         Cash Cr.             25,600 ALL of the costs to acquire an asset are capitalized and if applicable, depreciated. This is true for tax and/or GAAP. The remainder of your problems would depend on whether or not you are doing GAAP, tax based (OCBOA), financials (or something else). — Paul A. Thomas, CPA taxman at negia.net

Response:

A. On January 1, 2004, a van was purchased for $24,000. To acquire the van sales tax of 6% and dealer documentation fees of $160 were paid. The van was assigned a life of 4 years and a salvage value of $6,000. SOLUTION: Van  Dr.                          24,000 Dealer Fees/Expense Dr.      160 Sales Tax Expense  Dr.      1,440                         Cash Cr.             25,600

ALL of the costs to acquire an asset are capitalized and if applicable, depreciated. This is true for tax and/or GAAP. The remainder of your problems would depend on whether or not you are doing GAAP, tax based (OCBOA), financials (or something else). — Paul A. Thomas, CPA taxman at negia.net

Response:

A. On January 1, 2004, a van was purchased for $24,000. To acquire the van sales tax of 6% and dealer documentation fees of $160 were paid. The van was assigned a life of 4 years and a salvage value of $6,000. SOLUTION: Van  Dr.                          24,000 Dealer Fees/Expense Dr.      160 Sales Tax Expense  Dr.      1,440                         Cash Cr.             25,600 B. During the year, expenses of $250 were incurred for oil changes and other routine maintenance. SOLUTION: Since it’s an oil change, it’s expected and is expensed immediately, not capitalized. Maintenance Expense Dr.  250                              Cash Cr.         250 C. In July 2005, new tires were put on the van at a cost of $450. SOLUTION: The book says to 1) remove the cost and associated acc. depreciation of the component if known. However we don’t know how much of the cost is the old tire compared to the van, right? The book then says to recognize the loss (which we can’t because we couldn’t do step 1), and then finally to debit the asset account for the cost of the replacement or betterment, which I’ve done below: Van Dr.  450    Cash Cr.    450 D. On February 2, 2006, the transmission was replaced at a cost of $2,000. This was an unexpected repair, but did not extend the life of the asset. SOLUTION: Again, we don’t know the old cost of the transmission so I only debited the asset account. Van   Dr.  2000    Cash Dr.        2000 E. In January 2007, the engine was overhauled at a cost of $3,500, which extended the life of the van an additional two years beyond the expected 4 year life, but at that time the van woudl not have any value. SOLUTION: I have not attempted this part yet.

Response:

Question:

I am desperately seeking a source for information on how to account for certain equity transactions (I’m a student).  Specifically I am looking for information on how to book stock conversions from notes to preferred A shares with a discount; how to record warrants and how to record new notes issued for stock.  Also what expenses in relation to these can be amortized and what should be expensed. Any help would be appreciated.

Response:

I am desperately seeking a source for information on how to account for certain equity transactions (I’m a student).  Specifically I am looking for information on how to book stock conversions from notes to preferred A shares with a discount; how to record warrants and how to record new notes issued for stock.  Also what expenses in relation to these can be amortized and what should be expensed. Any help would be appreciated.

Things must be tight at your school.  When I went to school, we had textbooks.  In most cases the information was in them. Other than reading the book for the answer, we formed study groups.  The personal interaction with your fellow classmate is invaluable and will most likely make you a better employee upon graduation as you’ll need those individual & team interaction skills and you don’t get them from a computer. — Paul A. Thomas, CPA taxman at negia.net

Response:

Question:

you should work with a reputable accountant in your area to select accounting software. Most of the low-end accounting programs have free trial offers,  I know quickbooks , peachtree, MYOB have programs you can review and try before you make an investment in entering data, learning, etc.

– Hide quoted text — Show quoted text – Andy If you are just getting started and you want to use a real accounting system, I will provide you one for $25.  It has payroll, accounts receivable, accounts payable, and general ledger.  If you want, I’ll send a second copy to your CPA, if you have one. On your CD you will find 52 sessions of multimedia training (movies) included at no extra cost.  One of those sessions is an introductory course to accounting.  It teaches the concepts, terminology, and it presents the accounting process visually so you can see what happens when accounting transactions occur.  The software comes with what is arguably the best "Help" file in the accounting software industry. Finally, the software includes a "Wizard" to help you set up your company.  It steps you through the process of getting started.  (If you were a construction company, you could use the Job Cost features, but we turn them off if you are not in construction.) My software company has been providing accounting software for a quarter of a century.  It is true accounting software, not a checkbook software fixed to look like accounting software.  It is quick to learn and easy to run.  For $25, you can’t beat it.  Why do we sell it for $25? Because we know that small companies grow and when they do, they want more "bells and whistles" with their software.  When your business wants more powerful software (and can afford it) we make money.  In the meantime, we "invest" in your business by giving you the software you need to get started.  When we sold this program, it has a retail price of $1,495, plus $200 for the CD training.  Now, we ship it for $25. We have been doing accounting software since 1978.  That’s a quarter of a century.  Our focus has been to make software so simple that anyone can run it.  Our programmers do the hard work, so you don’t have to. If you are interested in getting your copy, call (800) 365-6790 and ask for "The Small Business Advantage".  Have your credit card handy and your software will be shipped priority mail the same day you order it. Thanks Arnold My wife is opening a catering business. She is sole the proprietor. I will be handling the bookkeeping as best I can  - I’ve had one intro accounting class. She will be purchasing or leasing kitchen equipment and will rent a kitchen in which to do the food preparation. She anticipates having up to seven regular restaurant accounts as well as the special orders. I’m attempting to determine which booking software to purchase. Our CPA says QB. We run Windows 98 on Pentium II with 128RAM.  NO ONLINE CONNECTION. Will I be able to use QB  - it seems to get lots of gets lots of bad reviews in the testimonials I see. Andy

Response:

Andy If you are just getting started and you want to use a real accounting system, I will provide you one for $25.  It has payroll, accounts receivable, accounts payable, and general ledger.  If you want, I’ll send a second copy to your CPA, if you have one. On your CD you will find 52 sessions of multimedia training (movies) included at no extra cost.  One of those sessions is an introductory course to accounting.  It teaches the concepts, terminology, and it presents the accounting process visually so you can see what happens when accounting transactions occur.  The software comes with what is arguably the best "Help" file in the accounting software industry. Finally, the software includes a "Wizard" to help you set up your company.  It steps you through the process of getting started.  (If you were a construction company, you could use the Job Cost features, but we turn them off if you are not in construction.) My software company has been providing accounting software for a quarter of a century.  It is true accounting software, not a checkbook software fixed to look like accounting software.  It is quick to learn and easy to run.  For $25, you can’t beat it.  Why do we sell it for $25? Because we know that small companies grow and when they do, they want more "bells and whistles" with their software.  When your business wants more powerful software (and can afford it) we make money.  In the meantime, we "invest" in your business by giving you the software you need to get started.  When we sold this program, it has a retail price of $1,495, plus $200 for the CD training.  Now, we ship it for $25. We have been doing accounting software since 1978.  That’s a quarter of a century.  Our focus has been to make software so simple that anyone can run it.  Our programmers do the hard work, so you don’t have to. If you are interested in getting your copy, call (800) 365-6790 and ask for "The Small Business Advantage".  Have your credit card handy and your software will be shipped priority mail the same day you order it. Thanks Arnold – Hide quoted text — Show quoted text – My wife is opening a catering business. She is sole the proprietor. I will be handling the bookkeeping as best I can  - I’ve had one intro accounting class. She will be purchasing or leasing kitchen equipment and will rent a kitchen in which to do the food preparation. She anticipates having up to seven regular restaurant accounts as well as the special orders. I’m attempting to determine which booking software to purchase. Our CPA says QB. We run Windows 98 on Pentium II with 128RAM.  NO ONLINE CONNECTION. Will I be able to use QB  - it seems to get lots of gets lots of bad reviews in the testimonials I see. Andy

Response:

One other point,, if you plan to use the tip credit system for paying tipped employees (bartenders for instance) be sure you get someone that knows what the rules really are.  (a great many accountants don’t know the true intricasies)

Response:

Quickbooks should be fine.  Make sure the version of quickbooks you buy will be compatible with your bookkeeper/accountant’s. One small warning, does this person recomending quickbooks use any other software ???  Or do they recomend QB simply cuz it is what they have. PS: This is not necessarily a bad thing just something to consider.

–My wife is opening a catering business. She is sole the proprietor. I will –be handling the bookkeeping as best I can  - I’ve had one intro accounting –class. She will be purchasing or leasing kitchen equipment and will rent a –kitchen in which to do the food preparation. She anticipates having up to –seven regular restaurant accounts as well as the special orders. — –I’m attempting to determine which booking software to purchase. Our CPA says –QB. We run Windows 98 on Pentium II with 128RAM.  NO ONLINE CONNECTION. Will –I be able to use QB  - it seems to get lots of gets lots of bad reviews in –the testimonials I see. — –Andy —

Response:

I agree with Steven.  My business is (preferentially) to help small businesses set themselves up with a computer or paper system and teach them how to use it correctly.  My business is (in actuality) first straightening up the unholy mess they’ve made by thinking they could figure it out for themselves, and then training them how to use their own system, or switching them to a system that is better suited. As for your wife, you may be able to handle her (cash-based?) business with Quicken.  I have many clients who handle businesses up to $450K per year in sales, all in Quicken.  The real "accounting" parts of tracking asset depreciation and the like is what they pay the accountant to do every year….  The advantage of Quicken is that if you can handle a checkbook register, you know the basics of how to handle the program.  The nifty other things you can do with it you can learn about later. Catherine – Hide quoted text — Show quoted text – My wife is opening a catering business. She is sole the proprietor. I will be handling the bookkeeping as best I can  - I’ve had one intro accounting class. She will be purchasing or leasing kitchen equipment and will rent a kitchen in which to do the food preparation. She anticipates having up to seven regular restaurant accounts as well as the special orders.

Response:

Hang on Latus – I’ve just made a posting right above you saying QB, Great Program! I posted earlier with a prob – which you all ignored – got better software – and am now advising that it is excellent Your thesis is in tatters…

– Hide quoted text — Show quoted text – My wife is opening a catering business. She is sole the proprietor. I will be handling the bookkeeping as best I can  - I’ve had one intro accounting class. She will be purchasing or leasing kitchen equipment and will rent a kitchen in which to do the food preparation. She anticipates having up to seven regular restaurant accounts as well as the special orders. I’m attempting to determine which booking software to purchase. Our CPA says QB. We run Windows 98 on Pentium II with 128RAM.  NO ONLINE CONNECTION. Will I be able to use QB  - it seems to get lots of gets lots of bad reviews in the testimonials I see. Andy One tends to receive a distorted view of things on newsgroups, mostly due to the simple fact that many users post with problems they are having. It makes sense, since if they did not have a problem, they wouldn’t be posting at all. You don’t see a lot of posts saying, "Great program. It does what I want and is simple to use!" Do yourself a favor, though, and get an actual bookkeeper or accountant to give you advice on setting up the accounts and entering the transactions, and have him or her review what you are doing on a periodic basis. It pays to do things right from the start. A couple of weeks ago we received a QuickBooks data file from a client who kept his own books. We tried to make a go of it, but it was so poorly done that we ended up reentering the entire year’s worth of transactions (fortunately it was not a lot of activity, relatively speaking). It was a shame, since he had evidently put no small amount of effort into it, but it was actually easier to start over than to work with his mess. If only he had asked someone first… I would also recommend that you consult an accountant to go over your wife’s business structure, taxes and other compliance issues. Get a recommendation from someone you trust. Steve

Response:

My wife is opening a catering business. She is sole the proprietor. I will be handling the bookkeeping as best I can  - I’ve had one intro accounting class. She will be purchasing or leasing kitchen equipment and will rent a kitchen in which to do the food preparation. She anticipates having up to seven regular restaurant accounts as well as the special orders. I’m attempting to determine which booking software to purchase. Our CPA says QB. We run Windows 98 on Pentium II with 128RAM.  NO ONLINE CONNECTION. Will I be able to use QB  - it seems to get lots of gets lots of bad reviews in the testimonials I see. Andy

One tends to receive a distorted view of things on newsgroups, mostly due to the simple fact that many users post with problems they are having. It makes sense, since if they did not have a problem, they wouldn’t be posting at all. You don’t see a lot of posts saying, "Great program. It does what I want and is simple to use!" Do yourself a favor, though, and get an actual bookkeeper or accountant to give you advice on setting up the accounts and entering the transactions, and have him or her review what you are doing on a periodic basis. It pays to do things right from the start. A couple of weeks ago we received a QuickBooks data file from a client who kept his own books. We tried to make a go of it, but it was so poorly done that we ended up reentering the entire year’s worth of transactions (fortunately it was not a lot of activity, relatively speaking). It was a shame, since he had evidently put no small amount of effort into it, but it was actually easier to start over than to work with his mess. If only he had asked someone first… I would also recommend that you consult an accountant to go over your wife’s business structure, taxes and other compliance issues. Get a recommendation from someone you trust. Steve

Response:

My wife is opening a catering business. She is sole the proprietor. I will be handling the bookkeeping as best I can  - I’ve had one intro accounting class. She will be purchasing or leasing kitchen equipment and will rent a kitchen in which to do the food preparation. She anticipates having up to seven regular restaurant accounts as well as the special orders. I’m attempting to determine which booking software to purchase. Our CPA says QB. We run Windows 98 on Pentium II with 128RAM.  NO ONLINE CONNECTION. Will I be able to use QB  - it seems to get lots of gets lots of bad reviews in the testimonials I see. Andy

Response:

I’ve just bought QB – I think it is bloody brilliant.  Took me a couple of days to figure it out – but entered 6 months of historical data in as many hours.  I don’t think it’s that important to be online – you just need to be able to enter the data.

– Hide quoted text — Show quoted text – My wife is opening a catering business. She is sole the proprietor. I will be handling the bookkeeping as best I can  - I’ve had one intro accounting class. She will be purchasing or leasing kitchen equipment and will rent a kitchen in which to do the food preparation. She anticipates having up to seven regular restaurant accounts as well as the special orders. I’m attempting to determine which booking software to purchase. Our CPA says QB. We run Windows 98 on Pentium II with 128RAM.  NO ONLINE CONNECTION. Will I be able to use QB  - it seems to get lots of gets lots of bad reviews in the testimonials I see. Andy

Response:

Question:

Not sure I follow, but it sounds as though you’re confusing the accounting concepts of "debits" and "credits" with the mathematical concepts of "positive" and "negative".

<snip My Chairman is convinced that accountants deliberately attribute positives and negatives to different debit and credit items in order to confuse the reader…..now that’s not fair is it?

Response:

]

] Not sure I follow, but it sounds as though you’re confusing the accounting ] concepts of "debits" and "credits" with the mathematical concepts of ] "positive" and "negative". ]<snip ] ]My Chairman is convinced that accountants deliberately attribute positives ]and negatives to different debit and credit items in order to confuse the ]reader…..now that’s not fair is it? ]:-) No, it isn’t fair, and I with the accountants would stop doing it

Response:

Here’s another: There’s no such thing as double entry, it is in fact triple entry the third being to the P&L…..

– Hide quoted text — Show quoted text – Not sure I follow, but it sounds as though you’re confusing the accounting concepts of "debits" and "credits" with the mathematical concepts of "positive" and "negative". <snip My Chairman is convinced that accountants deliberately attribute positives and negatives to different debit and credit items in order to confuse the reader…..now that’s not fair is it?

Response:

The "positive" and "negative" is not attributed to the debit or credit, but the the natural balance of the account to which the debit or credit is being applied. Whether a debit or credit increases or decreases the normal balance of the account depends on the account type: asset, contra-asset, liability, contra-liability, owners’ equity, revenue, or expense (for example). Believe me, it is NOT arbitrary or designed to confuse! That is why it takes so damned long to become an accountant, or even a decent bookkeeper. Stephanie Serba AICIA Toronto Outsource Professional Services www.torops.com

– Hide quoted text — Show quoted text – Not sure I follow, but it sounds as though you’re confusing the accounting concepts of "debits" and "credits" with the mathematical concepts of "positive" and "negative". <snip My Chairman is convinced that accountants deliberately attribute positives and negatives to different debit and credit items in order to confuse the reader…..now that’s not fair is it?

Response:

D’oh! Lighten up.

– Hide quoted text — Show quoted text – The "positive" and "negative" is not attributed to the debit or credit, but the the natural balance of the account to which the debit or credit is being applied. Whether a debit or credit increases or decreases the normal balance of the account depends on the account type: asset, contra-asset, liability, contra-liability, owners’ equity, revenue, or expense (for example). Believe me, it is NOT arbitrary or designed to confuse! That is why it takes so damned long to become an accountant, or even a decent bookkeeper. Stephanie Serba AICIA Toronto Outsource Professional Services www.torops.com Not sure I follow, but it sounds as though you’re confusing the accounting concepts of "debits" and "credits" with the mathematical concepts of "positive" and "negative". <snip My Chairman is convinced that accountants deliberately attribute positives and negatives to different debit and credit items in order to confuse the reader…..now that’s not fair is it?

Response:

The great thing in accounting that takes so long to understand is that "debit" and "credit" does not mean reduce or increase, negative or positive, bad or good, yours or mine. It only means the "left hand" and "right hand" column of the log book.  That’s how simple it is. — Ni

Question:

Would you please specify the parts that you think are meaningless and ridiculous. We are not in a restaurant but we are discussing an intellect.Things which are judged by mind have to be fully explained to the end so the mind can judge them fairly.As to food the first mouthful is enough to judge whether he food is good or bad. There’s a difference between the sense of tasting food and the intellectual logic in judging things. We hope you judge issues by the logic of mind not by the logic of tasting food. If you find any thing incomprehensible please do not hesitate to inform us. – Hide quoted text — Show quoted text – So far you haven’t posted anything that makes sense!  The further you go the more ridiculous your ideas become.  I don’t have to finish eating a meal to know that it is bad, the first mouthful is enough. — Ken Russell Sydney | How do you make a judgment on something that has not been explained | completely? | We are still explaining our thought in modern accounting (Theory of | Units accounting). | Our comments are not(abuse).Do you consider posing an intellect that | handles the flaws of the double entry system as abuse? | We WON’T stop until we finish posing all of our ideas so they are | judged  fairly by all of the accountants. | Please wait and you will be convinced soon by the benefits of Theory | of Units as each new idea has its enemies who turn to be its friends | once its benefits are clear. | | We have a saying in Australia | | "Piss off, wanker" | | In you language it probably translates to … | | "…We have read all of your comments – they are worthless as you do not | know the first thing that you are talking about. We are now not any  longer | going to write anything that you write. | | If you keep writing we will report you for ‘abuse’ as that is what your | contributions have become…" | | Now, please stop posting here. | | What we are talking about has a tremendous international economical  benefit. | We hope that your comments be objective as before. | | What in the world are you guys talking about? | | Why don’t you just give up and go away?

Response:

We have a saying in Australia "Piss off, wanker" In you language it probably translates to … "…We have read all of your comments – they are worthless as you do not know the first thing that you are talking about. We are now not any longer going to write anything that you write. If you keep writing we will report you for ‘abuse’ as that is what your contributions have become…" Now, please stop posting here.

What we are talking about has a tremendous international economical benefit. We hope that your comments be objective as before.

– Hide quoted text — Show quoted text – What in the world are you guys talking about? Why don’t you just give up and go away?

Response:

How do you make a judgment on something that has not been explained completely? We are still explaining our thought in modern accounting (Theory of Units accounting). Our comments are not(abuse).Do you consider posing an intellect that handles the flaws of the double entry system as abuse? We WON’T stop until we finish posing all of our ideas so they are judged  fairly by all of the accountants. Please wait and you will be convinced soon by the benefits of Theory of Units as each new idea has its enemies who turn to be its friends once its benefits are clear. – Hide quoted text — Show quoted text – We have a saying in Australia "Piss off, wanker" In you language it probably translates to … "…We have read all of your comments – they are worthless as you do not know the first thing that you are talking about. We are now not any longer going to write anything that you write. If you keep writing we will report you for ‘abuse’ as that is what your contributions have become…" Now, please stop posting here. What we are talking about has a tremendous international economical  benefit. We hope that your comments be objective as before. What in the world are you guys talking about? Why don’t you just give up and go away?

Response:

So far you haven’t posted anything that makes sense!  The further you go the more ridiculous your ideas become.  I don’t have to finish eating a meal to know that it is bad, the first mouthful is enough. — Ken Russell Sydney

| How do you make a judgment on something that has not been explained | completely? | We are still explaining our thought in modern accounting (Theory of | Units accounting). | Our comments are not(abuse).Do you consider posing an intellect that | handles the flaws of the double entry system as abuse? | We WON’T stop until we finish posing all of our ideas so they are | judged  fairly by all of the accountants. | Please wait and you will be convinced soon by the benefits of Theory | of Units as each new idea has its enemies who turn to be its friends | once its benefits are clear. | | We have a saying in Australia | | "Piss off, wanker" | | In you language it probably translates to … | | "…We have read all of your comments – they are worthless as you do not | know the first thing that you are talking about. We are now not any longer | going to write anything that you write. | | If you keep writing we will report you for ‘abuse’ as that is what your | contributions have become…" | | Now, please stop posting here. | | What we are talking about has a tremendous international economical |  benefit. | We hope that your comments be objective as before. | | What in the world are you guys talking about? | | Why don’t you just give up and go away?

Response:

Trade-in transaction is the replacement of an assets instead of another assets. This system was used for a long time until money was used as at first people did not need to know the profit but the main concern was to satisfy their needs,but after currency was used they needed to know the profit of daily transactions then each commodity was given a price.In theory of units trade-in transactions should associate units with values where revenue will be recognized.Therefore,the theory of units will not consider any trade-in transaction(an asset is exchanged for another asset) unless it is associated with money value. In theory of units purchasing transaction is totally independent from selling transaction and the same could be said about disbursement and revenue transactions.All transactions are measured by cash which result value.The classified measured unit which is incoming to the organization in a tangible form represents the same unit which influenced the other units in the organization and left it with its measures but in another form and from another asset .This asset from which the unit went out could be owned by the organization such as,the cash or the bank.Or it could be the result of a selling transaction on a credit basis with an undertaking to repay cash.Both kinds of assets are associated with prices which result value.In conclusion, theory of units recognizes the purchasing transaction as the incoming of one ass on one hand and the outgoing of another asset on the other hand,which is represented by cash payment,or selling on a credit basis.Therefore,theory of units does not recognize the trade-in or exchange-in transactions in its context.

Response:

What in the world are you guys talking about? Why don’t you just give up and go away? — Ken Russell Sydney

Response:

Can you imagine apparently they have been working on this for 15 YEARS!!!  Talk about having nothing to do!  I wouldn’t want to be on my deathbed reflecting on my life and achievements and having only the theory of units to show. I’d rather go fishing and drink beer.  At least I hope they’re having fun, but I really think that there could be a more productive use of time in one’s life.  These guys have nothing over Mother Theresa!  But then I guess we’re not all that productive posting replies, we won’t solve all the pain and suffering in the world either!  But we’re having fun! (And it won’t use 15 years of our lives). John – Hide quoted text — Show quoted text – What in the world are you guys talking about? Why don’t you just give up and go away? — Ken Russell Sydney

Response:

What we are talking about has a tremendous international economical benefit. We hope that your comments be objective as before. – Hide quoted text — Show quoted text – What in the world are you guys talking about? Why don’t you just give up and go away?

Response:

Question:

      Few States Track Prescriptions as a Method to Bar Overdoses       By MELODY PETERSEN and BARRY MEIER       n the mountain coal fields of eastern Kentucky, Sheriff Steve Duff of Harlan County recently noticed something curious – people driving to drug stores in neighboring states to fill prescriptions of a potent painkiller called OxyContin.       Their reason, Sheriff Duff believes, was to evade a system in Kentucky that monitors who gets potentially addictive drugs and who prescribes and fills those prescriptions.       That system, the sheriff says, helped him arrest several dozen people last year on OxyContin-related charges. More significantly, it helped police stage Kentucky’s biggest ever drug-abuse raid, resulting in the arrest last February of 252 people in a sweep called Operation Oxyfest.       Public health and law enforcement officials have long argued that such monitoring can save lives by quickly identifying problem doctors who over-prescribe narcotics and problem patients who forge prescriptions or con unsuspecting doctors.       But today, just 15 states have such programs because of decades of lobbying by drug companies, doctors, pharmacies and more recently, groups pushing for the greater use of narcotics to control pain. Even in states that monitor prescriptions, some programs are underfinanced, crippling their effectiveness.       Federal drug agents say OxyContin played a likely role in the overdose deaths of at least 296 people since January 2000, in addictions that have overloaded drug treatment centers and in crimes like thefts at pharmacies and on the street. Public officials say OxyContin abuse is also costing taxpayers tens of millions of dollars because so many people who misuse the drug get it through Medicaid, a government-financed health care program for the poor.       Law enforcement officials say that if more states had good monitoring programs they might have been able to crack down on OxyContin abuse before it claimed so many victims. States with such programs, like New York, have seen little OxyContin abuse, while many without them, including Florida, Maine and West Virginia, have been the hardest hit.       Most of the groups that oppose the monitoring of prescriptions argue that it violates patients’ privacy, costs too much or hurts those who really need the drugs by causing doctors to prescribe fewer and less potent drugs. But a report by the General Accounting Office in 1992 and a more recent survey by the Justice Department looked at several of those claims and could not substantiate them.       Prescription monitoring has long had some powerful opponents.       "Physicians do not want their activities monitored," said Carmen A. Catizone, executive director of the National Association of Boards of Pharmacy, which supports monitoring. "Drug companies are also a powerful lobby. Once a drug is monitored, sales decrease, and the drug companies don’t like that."       OxyContin, made by Purdue Pharma of Stamford, Conn., was originally thought to be less prone to abuse because its narcotic was locked in a time-release formula. But abusers found that they could crush the tablet, then swallow, inhale or inject the powder to give themselves a high as powerful as heroin’s.       As a result of OxyContin abuse, there are renewed calls for more prescription monitoring. At least eight states, including Connecticut, New Jersey and Florida, are seriously considering it.       Florida, for example, experienced a 40 percent jump in the number of people who died from drug overdoses in the first six months of this year. OxyContin is cited as a factor in many of those deaths.       "This system will allow us to monitor prescription shopping and doctor shopping and any illicit prescribing by doctors," said Gov. Jeb Bush of Florida, who announced his support for such a system this month.       For years evidence has shown that prescription monitoring works, health officials say. For example, when New York State began tracking prescriptions for certain tranquilizers in the late 1980’s – a move opposed by four drug companies and the state medical society – emergency rooms in New York and Buffalo reported 47 percent fewer overdose admissions involving those drugs.       "We saw a vast drying up of those drugs on the streets," said John Eadie, the former director of New York’s program who now consults with states on setting up monitoring programs.       But Dr. Russell Portenoy, chairman of pain medicine and palliative care at Beth Israel Medical Center in Manhattan, said there was a downside. Some doctors, he said, prescribed patients tranquilizers that the state did not track, drugs that had greater potential side effects than those that were monitored.       When California sought to add certain tranquilizers to its monitoring program, lobbyists for drug companies and doctors were able to defeat the move.       The drug industry’s main trade group, the Pharmaceutical Research and Manufacturers of America, said it "generally supports" monitoring systems but said that individual drug companies should decide the issue for themselves.       In recent years drug stores and pain specialists have been the most vocal opponents of monitoring.       In North Carolina, a drug tracking system was defeated this year, despite the state’s recent problems with OxyContin. That loss frustrated John Womble, manager of the state’s controlled substances regulatory agency, who had won the support of the state medical society, only to have the bill opposed by drug stores and some pharmacy chains.       "As long as I’m in state government, we’ll continue to try," Mr. Womble said.       In New Mexico last year, the state pharmacy board repealed regulations needed to operate a tracking system after complaints by pharmacists and doctors. The New Mexican system had operated for just two years, said Jerry Montoya, director of the state’s pharmacy board.       Pharmacists say they worry about the cost of reporting prescription data. "How much burden do you want to put on pharmacies?" asked R. Dale Tinker, executive director of the New Mexico Pharmaceutical Association, which represents pharmacist       For its part, Purdue Pharma said it was the only drug company that had publicly supported monitoring programs. The company has even offered to help explain the benefits of the systems to physicians.       But Purdue Pharma’s support is not unqualified. In West Virginia this year, Purdue Pharma opposed a bill that would have allowed the state to single out a number of narcotics like OxyContin for monitoring.       "If you target just one drug, the illegal trade will just move to the next product that is not watched," said Alan Must, Purdue Pharma’s national director of state governmental affairs.       West Virginia’s Legislature quickly passed the bill, but it was vetoed by Gov. Bob Wise after doctors and pharmacists wrote him letters contending that the system would violate patients’ privacy.       The veto dismayed many people, including William T. Douglass, executive director of the West Virginia Pharmacy Board. "We have a severe abuse problem in our state, and we have no way to track it," Mr. Douglass said.       Doctors in some states have begun to support tracking.       Lawrence P. Matheis, executive director of the Nevada State Medical Association, said physicians had helped design that state’s system, which is often praised by experts as one of the best. By tracking how many doctors a patient visits, it discourages doctor shopping. So if a patient goes to 10 doctors for narcotic prescriptions, the state sends letters to all the doctors.       Keith W. Macdonald, executive secretary of the state’s pharmacy board, said the program did not stop doctors from prescribing narcotics to people who needed them.       "A person can get three wheelbarrowfuls of drugs and we don’t care," Mr. Macdonald said, "as long as they go to one doctor."       Some states have not started the programs because they believe the costs, which can reach hundreds of thousands of dollars a year, would exceed the programs’ benefits. But supporters say the systems save taxpayers money in the long run because of the reduction in fraudulent Medicaid claims and in the cost of prosecuting drug crimes.       In some states, prosecutors are working on so many cases in which OxyContin has been obtained illegally through the Medicaid program that they refer to it as federally financed drug abuse. Medicaid patients can obtain a monthly supply of OxyContin pills for as little as $1, then sell them on the street for thousands of dollars.       There is no way to know how many fraudulent prescriptions there might be. But public officials say that improper OxyContin prescriptions are costing the public millions of dollars.       Even in Kentucky, a state whose monitoring system is held up as a model, officials say the huge outbreak of OxyContin abuse there has made them realize they are going to have to strengthen the program.       Kentucky’s program failed to detect early on that OxyContin was becoming a problem because its staff of three pharmacists were overwhelmed by routine work, said Danna Droz, a public health department official who oversees the monitoring effort.       Kentucky is now adding staff members and changing its operations so that it will better serve as an early warning system, Ms. Droz said. And that will please Kentucky law enforcement officials like Sheriff Duff, who says OxyContin remains a problem in Harlan County.       "The supply is decreasing, and it is harder to come by," Sheriff Duff said of the illegal OxyContin available on the streets. "But it’s still coming in."

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< 1K Download

Response:

 Few States Track Prescriptions as a Method to Bar Overdoses       By MELODY PETERSEN and BARRY MEIER       In the mountain coal fields of eastern Kentucky, Sheriff Steve Duff of Harlan County recently noticed something curious – people driving to drug stores in neighboring states to fill prescriptions of a potent painkiller called OxyContin.       Their reason, Sheriff Duff believes, was to evade a system in Kentucky that monitors who gets potentially addictive drugs and who prescribes and fills those prescriptions.       That system, the sheriff says, helped him arrest several dozen people last year on OxyContin-related charges. More significantly, it helped police stage Kentucky’s biggest ever drug-abuse raid, resulting in the arrest last February of 252 people in a sweep called Operation Oxyfest.       Public health and law enforcement officials have long argued that such monitoring can save lives by quickly identifying problem doctors who over-prescribe narcotics and problem patients who forge prescriptions or con unsuspecting doctors.       But today, just 15 states have such programs because of decades of lobbying by drug companies, doctors, pharmacies and more recently, groups pushing for the greater use of narcotics to control pain. Even in states that monitor prescriptions, some programs are underfinanced, crippling their effectiveness.       Federal drug agents say OxyContin played a likely role in the overdose deaths of at least 296 people since January 2000, in addictions that have overloaded drug treatment centers and in crimes like thefts at pharmacies and on the street. Public officials say OxyContin abuse is also costing taxpayers tens of millions of dollars because so many people who misuse the drug get it through Medicaid, a government-financed health care program for the poor.       Law enforcement officials say that if more states had good monitoring programs they might have been able to crack down on OxyContin abuse before it claimed so many victims. States with such programs, like New York, have seen little OxyContin abuse, while many without them, including Florida, Maine and West Virginia, have been the hardest hit.       Most of the groups that oppose the monitoring of prescriptions argue that it violates patients’ privacy, costs too much or hurts those who really need the drugs by causing doctors to prescribe fewer and less potent drugs. But a report by the General Accounting Office in 1992 and a more recent survey by the Justice Department looked at several of those claims and could not substantiate them.       Prescription monitoring has long had some powerful opponents.       "Physicians do not want their activities monitored," said Carmen A. Catizone, executive director of the National Association of Boards of Pharmacy, which supports monitoring. "Drug companies are also a powerful lobby. Once a drug is monitored, sales decrease, and the drug companies don’t like that."       OxyContin, made by Purdue Pharma of Stamford, Conn., was originally thought to be less prone to abuse because its narcotic was locked in a time-release formula. But abusers found that they could crush the tablet, then swallow, inhale or inject the powder to give themselves a high as powerful as heroin’s.       As a result of OxyContin abuse, there are renewed calls for more prescription monitoring. At least eight states, including Connecticut, New Jersey and Florida, are seriously considering it.       Florida, for example, experienced a 40 percent jump in the number of people who died from drug overdoses in the first six months of this year. OxyContin is cited as a factor in many of those deaths.       "This system will allow us to monitor prescription shopping and doctor shopping and any illicit prescribing by doctors," said Gov. Jeb Bush of Florida, who announced his support for such a system this month.       For years evidence has shown that prescription monitoring works, health officials say. For example, when New York State began tracking prescriptions for certain tranquilizers in the late 1980’s – a move opposed by four drug companies and the state medical society – emergency rooms in New York and Buffalo reported 47 percent fewer overdose admissions involving those drugs.       "We saw a vast drying up of those drugs on the streets," said John Eadie, the former director of New York’s program who now consults with states on setting up monitoring programs.       But Dr. Russell Portenoy, chairman of pain medicine and palliative care at Beth Israel Medical Center in Manhattan, said there was a downside. Some doctors, he said, prescribed patients tranquilizers that the state did not track, drugs that had greater potential side effects than those that were monitored.       When California sought to add certain tranquilizers to its monitoring program, lobbyists for drug companies and doctors were able to defeat the move.       The drug industry’s main trade group, the Pharmaceutical Research and Manufacturers of America, said it "generally supports" monitoring systems but said that individual drug companies should decide the issue for themselves.       In recent years drug stores and pain specialists have been the most vocal opponents of monitoring.       In North Carolina, a drug tracking system was defeated this year, despite the state’s recent problems with OxyContin. That loss frustrated John Womble, manager of the state’s controlled substances regulatory agency, who had won the support of the state medical society, only to have the bill opposed by drug stores and some pharmacy chains.       "As long as I’m in state government, we’ll continue to try," Mr. Womble said.       In New Mexico last year, the state pharmacy board repealed regulations needed to operate a tracking system after complaints by pharmacists and doctors. The New Mexican system had operated for just two years, said Jerry Montoya, director of the state’s pharmacy board.       Pharmacists say they worry about the cost of reporting prescription data. "How much burden do you want to put on pharmacies?" asked R. Dale Tinker, executive director of the New Mexico Pharmaceutical Association, which represents pharmacist       For its part, Purdue Pharma said it was the only drug company that had publicly supported monitoring programs. The company has even offered to help explain the benefits of the systems to physicians.       But Purdue Pharma’s support is not unqualified. In West Virginia this year, Purdue Pharma opposed a bill that would have allowed the state to single out a number of narcotics like OxyContin for monitoring.       "If you target just one drug, the illegal trade will just move to the next product that is not watched," said Alan Must, Purdue Pharma’s national director of state governmental affairs.       West Virginia’s Legislature quickly passed the bill, but it was vetoed by Gov. Bob Wise after doctors and pharmacists wrote him letters contending that the system would violate patients’ privacy.       The veto dismayed many people, including William T. Douglass, executive director of the West Virginia Pharmacy Board. "We have a severe abuse problem in our state, and we have no way to track it," Mr. Douglass said.       Doctors in some states have begun to support tracking.       Lawrence P. Matheis, executive director of the Nevada State Medical Association, said physicians had helped design that state’s system, which is often praised by experts as one of the best. By tracking how many doctors a patient visits, it discourages doctor shopping. So if a patient goes to 10 doctors for narcotic prescriptions, the state sends letters to all the doctors.       Keith W. Macdonald, executive secretary of the state’s pharmacy board, said the program did not stop doctors from prescribing narcotics to people who needed them.       "A person can get three wheelbarrowfuls of drugs and we don’t care," Mr. Macdonald said, "as long as they go to one doctor."       Some states have not started the programs because they believe the costs, which can reach hundreds of thousands of dollars a year, would exceed the programs’ benefits. But supporters say the systems save taxpayers money in the long run because of the reduction in fraudulent Medicaid claims and in the cost of prosecuting drug crimes.       In some states, prosecutors are working on so many cases in which OxyContin has been obtained illegally through the Medicaid program that they refer to it as federally financed drug abuse. Medicaid patients can obtain a monthly supply of OxyContin pills for as little as $1, then sell them on the street for thousands of dollars.       There is no way to know how many fraudulent prescriptions there might be. But public officials say that improper OxyContin prescriptions are costing the public millions of dollars.       Even in Kentucky, a state whose monitoring system is held up as a model, officials say the huge outbreak of OxyContin abuse there has made them realize they are going to have to strengthen the program.       Kentucky’s program failed to detect early on that OxyContin was becoming a problem because its staff of three pharmacists were overwhelmed by routine work, said Danna Droz, a public health department official who oversees the monitoring effort.       Kentucky is now adding staff members and changing its operations so that it will better serve as an early warning system, Ms. Droz said. And that will please Kentucky law enforcement officials like Sheriff Duff, who says OxyContin remains a problem in Harlan County.       "The supply is decreasing, and it is harder to come by," Sheriff Duff said of the illegal OxyContin available on the streets. "But it’s still coming in."

… read more »

Response:

The first LIE and what a whopper.How do you notice people going to other states,unless you follow them to the border, who in hell could you see what they were buying?!!!!What is that Sheriff? Superman with ex-ray vision.      With that said,Why did he not do his sworn duty and up hold the law,by arresting them.They all must be breaking some law or why would they go to another state ?????  If they were legit,and had a medical need for the medicine,they would’t try to hide the fact they were taking it.    Just my dine Lem – Hide quoted text — Show quoted text –      n the mountain coal fields of eastern Kentucky, Sheriff Steve Duff of Harlan County recently noticed something curious – people driving to drug stores in neighboring states to fill prescriptions of a potent painkiller called OxyContin.

Response:

Last week, the US Attorney General appeared before a House subcommittee (transcript:  http://painlinks.org/wolf_hearing_testimony.htm) and announced his intention to monitor ALL schedule II medications, prescribed by doctors and filled and used by patients. Those that involve a yet to be defined, arbitrary amount will face review, questioning, and possible arrest. This is an example of what we are facing in the months to come. Dave L D Lamborne Home: http://painlinks.org

– Hide quoted text — Show quoted text – The first LIE and what a whopper.How do you notice people going to other states,unless you follow them to the border, who in hell could you see what they were buying?!!!!What is that Sheriff? Superman with ex-ray vision.    With that said,Why did he not do his sworn duty and up hold the law,by arresting them.They all must be breaking some law or why would they go to another state ?????  If they were legit,and had a medical need for the medicine,they would’t try to hide the fact they were taking it.    Just my dine Lem      n the mountain coal fields of eastern Kentucky, Sheriff Steve Duff

of Harlan County recently noticed something curious – people driving to drug stores in neighboring states to fill prescriptions of a potent painkiller called OxyContin. – Hide quoted text — Show quoted text –

Response:

 This is one of the most frightening documents I have ever read!   Thanks David,    codeee – Hide quoted text — Show quoted text -Last week, the US Attorney General appeared before a House subcommittee (transcript:  http://painlinks.org/wolf_hearing_testimony.htm) and announced his intention to monitor ALL schedule II medications, prescribed by doctors and filled and used by patients. Those that involve a yet to be defined, arbitrary amount will face review, questioning, and possible arrest. This is an example of what we are facing in the months to come. Dave L D Lamborne Home: http://painlinks.org The first LIE and what a whopper.How do you notice people going to other states,unless you follow them to the border, who in hell could you see what they were buying?!!!!What is that Sheriff? Superman with ex-ray vision.    With that said,Why did he not do his sworn duty and up hold the law,by arresting them.They all must be breaking some law or why would they go to another state ?????  If they were legit,and had a medical need for the medicine,they would’t try to hide the fact they were taking it.    Just my dine Lem      n the mountain coal fields of eastern Kentucky, Sheriff Steve Duff of Harlan County recently noticed something curious – people driving to drug stores in neighboring states to fill prescriptions of a potent painkiller called OxyContin.

Response:

Question:

hi, I was wondering if anyone could help me with these ratios. I am new to accounting and anyones help would be great thankyou

Response:

Umm…. What ratios? — Ken Russell Sydney

hi, I was wondering if anyone could help me with these ratios. I am new to accounting and anyones help would be great thankyou

Response:

Question:

I have a job-cost sheet that I have to prepare for homework.  There is a section titled manufacturing overhead…. it looks like this Date            Activity Based       Quantity     Application Rate         Cost 3/8 to 3/12                                   76                   21 I cant figure out what that Activity Based is…  I have a hunch that it is labor hours, but that cant be right… anyone even know what I am talking about and if so, could you tell me what the activity based is and how to find it??? thanks in advance, Dave

Response:

hmmm it looked good when I wrote it, but it got jumbled in the emailing… it looks like this… hopefully it will work this time Date   Activity Based  Quantity  Application Rate  Cost – Hide quoted text — Show quoted text – I have a job-cost sheet that I have to prepare for homework.  There is a section titled manufacturing overhead…. it looks like this Date            Activity Based       Quantity     Application Rate         Cost 3/8 to 3/12                                   76                   21 I cant figure out what that Activity Based is…  I have a hunch that it is labor hours, but that cant be right… anyone even know what I am talking about and if so, could you tell me what the activity based is and how to find it??? thanks in advance, Dave

Response:

Hi, this so garbled it is not possible to work with use more words to set the story better otherwise create in a spreadsheet or a Word doc Peter

– Hide quoted text — Show quoted text – hmmm it looked good when I wrote it, but it got jumbled in the emailing… it looks like this… hopefully it will work this time Date   Activity Based  Quantity  Application Rate  Cost I have a job-cost sheet that I have to prepare for homework.  There is a section titled manufacturing overhead…. it looks like this Date            Activity Based       Quantity     Application Rate         Cost 3/8 to 3/12                                   76                   21 I cant figure out what that Activity Based is…  I have a hunch that it is labor hours, but that cant be right… anyone even know what I am talking about and if so, could you tell me what the activity based is and how to find it??? thanks in advance, Dave

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says… I have a job-cost sheet that I have to prepare for homework.  There is a section titled manufacturing overhead…. it looks like this Date            Activity Based       Quantity     Application Rate         Cost 3/8 to 3/12                                   76                   21 I cant figure out what that Activity Based is…  I have a hunch that it is labor hours, but that cant be right… anyone even know what I am talking about and if so, could you tell me what the activity based is and how to find it??? thanks in advance, Dave

Hi Activity Based Cost is the modern day method for calculating overheads. Refer to tutorial at: http://www.pitt.edu/~roztocki/abc/abctutor/sld017.htm to get a quick idea of what it is and how to use it. Cheers — Philip S

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Question:

We refer to this concept as "alias part number".  This frequently applies in two places; 1) you buy under one part number and sell under a different part number, and 2) you buy by the lot and sell by the piece. The Purchasing module maintains a list of preferred vendors/brands and acceptible substitutes.  There is no physical limit to the number of  primary and alternate sources. More information is available at http://www.cpaccess.com/enhmnts/ic1040.htm, which is our enhancement for Inventory Item Alias Part Number. Respectfully,  - Carl Dick www.cpaccess.com 949-261-2694 – Hide quoted text — Show quoted text – I am interested in knowing what inventory/purchase order systems have the ability to do the following: (The industry is the electronic components industry.) I have an in house part number that is a number that will represent a part from a manufacture or even more than one manufacture.  I would like to have the ability to have at least 5 manufacture part numbers for each in house part number.  The purchasing is primarily done through distributors and different distributors carry different manufacture parts.  When purchasing parts I would like to do a purchase order where the vendor I am using only lists the parts associated with that vendor and the manufactures for that part that are represented by that vendor. The vendor may carry more than one manufacture part for the part I am ordering from. For example, I have an in-house part of: ECCE101J0603F This part can carry several different distributors.   There are two types of distributors: catalog vendors and non-catalog vendors.  The catalog distributors have there own part numbers associated with a manufacture number and non-catalog distributors just use the manufacture number as the part number to order. Two catalog distributors are Digi-Key and Mouser. Digi-Key’s part # is PCC101ACVCT-ND for the Panasonic part. Mouser’s part # is 140-CC504N101J for the Xicon part. Two non-catalog distributors are FAI and Kent Components. FAI represents AVX and Rohm. Kent Components represents AVX and Panasonic. Some of the manufacture part numbers associated with this part are: AVX  06035A101JAT2A Rohm  MCH185A101JK Panasonic ECU-V1H101JCV Xicon  CC504N101J I would like to have the in-house part number, manufacture and manufacture part number appear on the purchase order as well as the distributor part number for catalog distributors. Thanks for any help, Dan

Respectfully,   – Carl Dick www.cpaccess.com 800-997-7944 949-261-2694  California, USA

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I am interested in knowing what inventory/purchase order systems have the ability to do the following: (The industry is the electronic components industry.) I have an in house part number that is a number that will represent a part from a manufacture or even more than one manufacture.  I would like to have the ability to have at least 5 manufacture part numbers for each in house part number.  The purchasing is primarily done through distributors and different distributors carry different manufacture parts.  When purchasing parts I would like to do a purchase order where the vendor I am using only lists the parts associated with that vendor and the manufactures for that part that are represented by that vendor. The vendor may carry more than one manufacture part for the part I am ordering from. For example, I have an in-house part of: ECCE101J0603F This part can carry several different distributors.   There are two types of distributors: catalog vendors and non-catalog vendors.  The catalog distributors have there own part numbers associated with a manufacture number and non-catalog distributors just use the manufacture number as the part number to order. Two catalog distributors are Digi-Key and Mouser. Digi-Key’s part # is PCC101ACVCT-ND for the Panasonic part. Mouser’s part # is 140-CC504N101J for the Xicon part. Two non-catalog distributors are FAI and Kent Components. FAI represents AVX and Rohm. Kent Components represents AVX and Panasonic. Some of the manufacture part numbers associated with this part are: AVX  06035A101JAT2A Rohm  MCH185A101JK Panasonic ECU-V1H101JCV Xicon  CC504N101J I would like to have the in-house part number, manufacture and manufacture part number appear on the purchase order as well as the distributor part number for catalog distributors. Thanks for any help, Dan

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