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hram777 [196]
2 years ago
5

What is trial balance

Business
1 answer:
Grace [21]2 years ago
6 0

Answer:

<h3>A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance. </h3>

<h3>What a trial balance is?</h3>

<h3>A trial balance is a bookkeeping worksheet in which the balance of all ledgers are compiled into debit and credit account column totals that are equal. A company prepares a trial balance periodically, usually at the end of every reporting period.</h3>

Explanation:

<h3>#BrainliestBunch</h3>
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________ refers to the strategy of getting visitors to a Web site to forward information on the site of their friends in order t
UkoKoshka [18]

Answer: According to the ________ perspective, under the right circumstances a group of people is smarter than the smartest people within the group. A) mere exposure phenomenon B) wisdom of crowds C) deindividuation D) normative influence

Explanation:

hope this helps ya :) :;:

3 0
2 years ago
Mattress​ Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last​ year, cost of goods sold was ​$7
Dmitry [639]

Answer:

Weeks supply =  10.70 million (Approx)

Explanation:

Given:

Last​ year, cost of goods sold = ​$7,537.53 million  

Last​ year Inventory = ​$1,551.55 million

Computation:

Average cost of sold good on week basis = Cost of goods sold / Total number of weeks

Average cost of sold good on week basis = $7,537.53 million / 52

Average cost of sold good on week basis = 144.96 million

Computation of weeks supply:

Weeks supply = Last​ year Inventory /  Average cost of sold good on week basis

Weeks supply = $1,551.55 million / 144.96 million

Weeks supply =  10.70 million (Approx)

8 0
3 years ago
Coronado Industries constructed a building at a cost of $30150000. Weighted-average accumulated expenditures were $12500000, act
Neko [114]

Answer:

$709,100

Explanation:

Cost of the building = $30150000

Average accumulated expenditures = $12500000

Actual interest = $1230000

Avoidable interest =  $604000

Salvage value = $2390000

Useful life = 40 years

Depreciation expense for the first full year:

= ((Cost of the building + Avoidable interest) - Salvage value) / Useful life

= [($30150000 + $604000) - $2390000] / 40

= [$30754000 - $2390000] / 40

= $28364000 / 40

= $709,100

So, the depreciation expense for the first full year using the straight-line method is $709,100.

3 0
3 years ago
Quickly research alternatives to mandatory public tax. From this research, what is one way we could pay for things like roads, s
oksian1 [2.3K]
One way would be to get donors


Hope this helped
3 0
3 years ago
Looking to invest in his first pair of leather dress shoes, Sean is deciding between some Alden slip-ons and some Allen Edmonds
Gelneren [198K]

Answer: Option (A) and (B) are correct.

Explanation:

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

In our case, the opportunity cost of purchasing Aldens is the savings that is foregone and classic, snazzy look that comes with wearing wingtips.

3 0
3 years ago
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