1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dafna11 [192]
3 years ago
9

Which is the correct sequence for recording transactions and preparing financial​ statements?

Business
1 answer:
zheka24 [161]3 years ago
8 0

Answer:

The answer is B.

Explanation:

The first is the journal. A journal entry may be a summary of the debits and credits of the transaction entry to the journal.

Followed by a ledger which may be a book containing accounts during which the classified and summarized information from the journals is posted as debits and credits.

Trial balance which is that the listing of all accounts (asset, liability, equity, revenue, expense) with the ending account balance or or its a report that lists the balances of all book accounts of a corporation at a specific point in time.

And lastly the financial statements. they're written records of a business's financial situation

You might be interested in
Pioneer Systems Inc. has a high degree of formalization. Employees in Pioneer Systems are more likely to: Multiple Choice
g100num [7]

Answer:

The correct answer is letter "D": face morale and motivation problems.

Explanation:

A high degree of formalization will result in reduced creativity as workers are told to behave in a specific way. In such organizations, strategic decision-making often happens only when there is a problem. A highly formalized structure is usually related to reduced motivation and morale issues among employees.

8 0
3 years ago
The reporting of financial conditions at the corporation so that can be evaluated. b. Legal protections for shareholders so that
gogolik [260]

Answer:

a) Financial Statements

b) Limited Liability

Explanation:

a) The reporting of financial conditions at the corporation so that it can be evaluated, is the aim of preparing <em>financial statements. </em>Financial statements<em> </em>are periodic reports prepared monthly or annually to show the financial health of a company. They are made up of the statement of profit or loss, statement of financial position, cash flow statements and statement of changes in equity.

b) Legal protections for shareholders so that they are not taken advantage of is the purpose of limiting the liability of shareholders. Limited liability relates to a shareholder's financial liability being limited to a fixed amount not exceeding his investment in the company or partnership. Nevertheless every shareholders is liable for his own actions personally.

6 0
3 years ago
Read this citation for an informative essay. Davis, Victoria. Joining the Secret Service. Washington, D.C.: Free Print Press, 20
sertanlavr [38]

Answer

This citation is for a book on how to join the Federal Bureau of Investigation

Explanation

A Federal Bureau of Investigation (FBI) special agents work for the federal government and are responsible for conducting investigations according to the federal laws. The special agents are professionals responsible for analyzing a wide range of cases because investigators have skills in specific areas such as crime, accounting or engineering. Joining the secret service requires a person to obtain: a bachelor’s degree, gain work experience, complete the FBI application process, and go through the FBI Academy Training.



6 0
3 years ago
Read 2 more answers
1. All of the factors below create a change in demand for alcohol except: a. Change in cigarette prices given that cigarettes an
Gnesinka [82]

Answer:

d. Rise in price of alcohol

Explanation:

Change in Quantity demanded occurs due to change in Price. Change in Demand happens due to factors other than price - Income, Substitute & Complementary good's price, Taste.

Change in alcohol demand - due to substitute Cigarette price change , Change [Decrease] in alcohol demand - due to change in taste based on anti drinking sentiments, higher risk of alcohol liver cirrhosis , Change [Increase] in alcohol demand - due to change [rise] in Income : These all are due to factors other than price & hence are 'Change in Demand'

Rise in price of Alcohol leads to 'Change [Expansion] in Quantity Demanded' due to price change [rise] .

5 0
3 years ago
If South Dakota's governor reports a budget surplus in 2011, that state government likely:
poizon [28]

The governor of South Dakota reports a budget surplus in 2011 and he states that the government received more taxes in the year than it spent in that year

Explanation:

Budget is the amount that the government plans and spends for the future needs and always the government introduces the budgets in the beginning of the year

Taxes must be paid regularly by the citizens and it is the due responsibility and the report of the taxes paid will be given to the governor an the report will be read and in one such report the governor of Dakota reported that there was a budget surplus the government received more taxes than it spent

7 0
3 years ago
Other questions:
  • Select the items from the following list that are included in financial literacy.
    9·1 answer
  • Incident management includes five key areas that occur and overlap during more than one phase or time period of an incident. the
    14·1 answer
  • Mike is saving his emergency funds in an IRA account. Is his strategy a good one? Select the best answer from the choices provid
    5·1 answer
  • Which of the following best explains what happens to the exchange rate of a
    11·1 answer
  • On December 31, Year 4, Deal, Inc., failed to accrue the December Year 4 sales salaries that were payable on January 6, Year 5.
    13·1 answer
  • A company has a beginning inventory of​ $20,000 and purchases during the year of​ $140,000. The beginning inventory consisted of
    5·1 answer
  • E14-18 Note with unrealistic interest rate; lender; amortization schedule. Amber Mining and Miling, Inc., contracted with Truax
    15·1 answer
  • Identify the advantages and disadvantages of a command economy.
    13·1 answer
  • Im a helper rnoifn2rfcqnmcfienrfq ya
    12·2 answers
  • Click this link to view O*NET’s Work Context section for Human Resources Managers. Note that common contexts are listed toward t
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!