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agasfer [191]
1 year ago
3

Why are posting references entered in the journal when entries are posted to the ledger accounts?

Business
1 answer:
valentina_108 [34]1 year ago
4 0

Posting reference numbers are entered in the journal when posting to the ledger as a cross-reference that allows the record keeper or auditor to trace debits and credits from one record to another.

This is the main reason why posting references are entered in the journal when entries are posted to the ledger accounts as it allows for easier tracking of financial records.

<h3>What is a Ledger Account?</h3>

This refers to the financial document that has the record of business transactions

Hence, we can see that Posting reference numbers are entered in the journal when posting to the ledger as a cross-reference that allows the record keeper or auditor to trace debits and credits from one record to another.

This is the main reason why posting references are entered in the journal when entries are posted to the ledger accounts as it allows for easier tracking of financial records.

Read more about ledger accounts here:

brainly.com/question/17143087

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When quantity supplied equals quantity demanded, there is a(n): a. equilibrium, and the price will not change. b. surplus, and t
padilas [110]

Answer:

a. equilibrium, and the price will not change

Explanation:

At equilibrium, quantity supplied equals quantity demanded. There is no incentive for prices to change.

Above the equilibrium price, there is a surplus, and the price will fall.

Below the equilibrium price, there is a shortage and prices would rise.

I hope my answer helps you

4 0
3 years ago
Critical Chain Project Management (CCPM) attempts to keep the most highly demanded resource busy on critical chain activities, b
Inessa05 [86]

Answer:

True

Explanation:

Critical Chain Project Management (CCPM) is referred to as the approach that works for project completion and managing. it includes the effective use of resources like people, equipment, etc.

steps include in Critical Chain Project Management (CCPM) are:

1) determine critical chain

2) estimate the resource constraints

3) focus your team

4) use single-tasking  

5) estimate time for a particular task

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3 0
4 years ago
The Fram family has liabilities of $167,00 and assets of $433,000. <br> What is their debt ratio?
maxonik [38]

Answer:

Their debt ratio is about 0.039.

Explanation:

Given information:

liabilities = $16700

Assets = $433,000

We need to find their debt ratio.

\text{Debt ratio} = \dfrac{Liabilities}{Assets}

Substitute the given values in the above formula.

\text{Debt ratio} = \dfrac{16700}{433000}

\text{Debt ratio} = \dfrac{167}{4330}

\text{Debt ratio} \approx 0.038568

\text{Debt ratio} \approx 0.039

Therefore, their debt ratio is about 0.039.

4 0
3 years ago
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Jet001 [13]

Answer:

its a subject ....is a study of economic ,business concepts....

8 0
3 years ago
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statuscvo [17]

Answer:

d) a-type

Explanation:

it is referred to those conflicts that are based on disagreement over individual matter and it can be very detrimental to the performance of the team.

In this type of conflict, the individual suffered from himself. A person is struggling against two desires, out of which one is evil and one is good. sometimes this type of conflict is difficult to solve.

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