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2 years ago

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Business

1 answer:

oksian1 [2.3K]2 years ago

3 0

The descriptions to cases that will possibility be addressed by a Trial Balance are:

can detect the accuracy of the accounting process(possible)

can help check whether the debit side is equal to the credit side(possible)

can help prepare the income statement(possible)

helps serve as a proof of the application of the double-entry system(not possible)

can help check whether a particular transaction has been completely omitted(not possible)

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

A trial balance can be regarded as bookkeeping worksheet which contains the ledger that is arranged into debit and credit account column .

Therefore, with trial balance, one can check whether the debit side is equal to the credit side.

learn more about trial balance at:brainly.com/question/24217989

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Which type of accounting information is intended to satisfy the needs of external users of accounting information

hoa [83]

The type of accounting information intended to satisfy the needs of external users of accounting information is the Financial accounting.

<h3>Financial accounting</h3>

Financial accounting is the field of accounting concerned with the summary, and reporting of transactions related to a business.

In comparison with other fields, Managerial accounting includes accounting of cost, and intended for the use of internal users of the business.

Tax accounting is specifically intended for tax.

Therefore, it is financial accounting that is intended to satisfy needs of external users in a business.

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2 years ago

1. As time passes, fixed assets, other than land, lose their capacity to provide useful services. To account for this decrease i

Feliz [49]

Answer:

The correct option is b. depreciation

Explanation:

For allocation of fixed assets to expense, the following options is available which is shown below:

1. Equipment allocation : The equipment allocation is not decrease its value neither its usage. So, it would not be considered.

Hence, this option is incorrect.

2. Depreciation : Depreciation is a decrease value of assets due to tear, wear, obsolescence of the fixed assets. Moreover, the usage of the assets is also less than before. The production level goes decreasing with passage of time.

Hence, this option is correct.

3. Accumulation: In simple words, accumulation means something which is acquired. But this thing is not match what the question has asked.

So, this option is not right.

4. Matching: The matching principle matches the expenditure with its income on that period. But in the given question, the value of the asset is decrease so, it would be a wrong option as it is not related to the decreasing value, or capacity value.

Hence, this option is incorrect.

Thus, The correct option is b. depreciation

5 0

3 years ago

A surplus or shortage in the money market is eliminated by adjustments in the price level according to classical theory, but not

Andre45 [30]

Answer:

The correct answer is option A.

Explanation:

According to the classical theory, the quantity of money is directly related to price level. So, any shortage or surplus in the money market can be corrected by increasing or decreasing price level.

According to the liquidity preference theory, however, money is demanded for transactionary, precautionary and speculative motive. So, only price level does not affects the quantity of money. Interest rates also effect the demand for money.

So, option A is the correct answer.

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3 years ago

Why do you think so many everyday americans contributed money to help build the statue of liberty?

Ludmilka [50]

It is because people wanted to contribute to what the United States stand for and to help fund one of the most <span>famous pieces of history.

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

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4 years ago

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Before driving to a familiar destination, you should: A. Anticipate taking the same amount of time as always B. Call ahead to ma

Ivenika [448]

D. You should always check before if there would be delays

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4 years ago

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