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dsp73
3 years ago
13

A post-closing trial balance should be prepared

Business
1 answer:
yanalaym [24]3 years ago
7 0

Answer:

<h2>Post-Closing trial balance is usually prepared after the closing entries are posted to the ledger account.Hence,the correct answer is the third option or after closing entries are posted to the ledger accounts.</h2>

Explanation:

In Accounting,the main objective of preparing a post-closing trial balance is to ensure the completion and closure of all the temporary accounts and the equality between all the debit and credit entries have been consistently established once the closing entry has been done.Once the closing entries have been put into journal and finally posted in ledger,a detailed account or list of all the individual accounts along with their respective balances is prepared which is basically known as Post Closing Trial Balance Account.It includes all the unbalanced accounts from the original trial balance or the accounts which are not balanced based on debt and credit entries,at the end of the accounting or reporting year.Therefore,post-trial balance basically ensures that all the accounts entered in the original trial balance are zero balance or the debit and credit entries of all the individual accounts in trial balance are balanced or equal.

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3 years ago
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Answer:

$303

Explanation:

The computation of the absorption costing unit product cost is shown below:

= Direct materials per unit + Direct labor per unit + variable manufacturing overhead  per unit + Fixed manufacturing overhead per unit

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3 years ago
An economy consists of three workers, Larry, Moe, and Curly. Each works ten hours a day and can produce two services: mowing law
pantera1 [17]

Answer:

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Explanation:

In a hour :

Larry can ; wash 1 car or mow 1 lawn

Moe can ; mow 1 lawn or wash 2 cars

Curly can ; mow 2 lawns or wash 1 car

The inefficient scenario is  Larry spends half his time on each activity, while Moe only washes cars and Curly only mows lawns. Then lawns will be mowed and cars will be washed. this is because Larry can either wash 1 car or mow 1 lawn every hour and if Moe only washes cars and Curly only mows Lawns there will still be Cars and Lawns left to be washed and Mowed since Larry does not work at full capacity like Moe and Curly who could wash 2 cars or mow 2 lawns every hour

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3 years ago
South Coast Appliance Store is a small company that has hired you to perform some management advisory services. The following in
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Answer:

The correct answer is A.

Explanation:

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Store​ manager's salary per year ​192,000

Operating costs per year ​305,000

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We will separate in variable and fixed costs:

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Operating costs per year ​305,000

Advertising and promotion per year ​40,000

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