All categories

1 year ago

What strategy would a bookkeeper utilize to make sure each column of debits and credits have similar totals?.

1 answer:

7 0

A trial balance strategy would a bookkeeper utilizes to make sure each column of debits and credits has similar totals.

Credit is normally described as an agreement between a lender and a borrower. credit additionally refers to a person's or commercial enterprise's creditworthiness or credit score records. In accounting, credit may additionally both lower belongings or growth liabilities in addition to decreasing fees or increase sales.

A credit score balance for your billing declaration is a quantity that the cardboard issuer owes you. credit is brought to your account each time you make a price. A credit score is probably brought while you go back to something to procure together with your credit score card.

Learn more about credits here: brainly.com/question/26867415

#SPJ4

You might be interested in

Compute the Cost of Goods Sold for 2016 using the following information: Direct Materials, Jan. 1, 2016$50,000 Work-in-Process,

fiasKO [112]

Answer:

COGS= $154,500

Explanation:

First, we need to calculate the cost of goods manufactured:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 50,000 + 95,000 - 63,000= $82,000

cost of goods manufactured= 74,500 + 82,000 + 58,500 + 79,500 - 107,000

cost of goods manufactured= $187,500

Now, the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 125,000 + 187,500 - 158,000

COGS= $154,500

3 0

3 years ago

Match each scenario with the correct term. IPO, stock, mutual fund and NASDAQ. These are the scenarios:

earnstyle [38]

a small piece of ownership in a company - stock

a company’s initial offering of stock - IPO

a portfolio of stocks and bonds - mutual funds

a public stock exchange - NASDAQ

5 0

3 years ago

Read 2 more answers

An improvement in a country's balance of payments means a decrease in its balance of payments deficit, or an increase in its sur

FrozenT [24]

Answer:

Should be D (sometimes harmful).

7 0

3 years ago

Use the following information and the tables in the Business Math Handbook that accompanies the course textbook to answer the qu

trasher [3.6K]

Answer is C. 16.75%–17.00%

5 0

3 years ago

Read 2 more answers

An investor holds a 6% callable bond purchased at 105. If the issuer calls the bond before maturity, the yield to call (YTC) rea

myrzilka [38]

Answer: less than the coupon

Explanation:

When a bond that is bought at a premium of 205 is called before the bond matures by the issuer, this implies that the accelerated premium loss will have to be reflected in calculated yield to maturity.

It should also be noted that the YTC is the lowest among the yields for the premium bonds. Therefore, if the issuer calls the bond before maturity, the yield to call (YTC) realized by the investor would be less than the coupon.

Option B is correct.

7 0

3 years ago