Trial balance is a statement of all debits and credits in a double-entry account book is does not include income statement accounts.
What is trial balance?
An accounting worksheet where the balance of all general ledger accounts for debit and credit is equal is referred to as a "trial balance" in a financial report.
Because they are entries of the statements of operation expenses and revenue, trial balances are included in account closure entries and account adjusting entries but not in balance sheet accounts or income statement accounts.
As a result, option a is correct does not included income statement account.
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Answer: True
Explanation:
Decision regarding an asset replacement is usually based on both the internal rate of return and the net present value of the incremental cash flows.
Therefore, it should be noted that this brings about the complications when comparing the development of relevant cash flows to the expansion decisions.
A leader needs to be an effective speaker as well. A leader who has the ability to clearly convey his ideas and views has the art of communication. Every member should be assigned the role of evaluator/critic.
<h3>What is a leaders role in a group?</h3>
Managing, coordinating, supervising, and training groups. Providing clear written and verbal instructions to group members and promptly addressing any questions or concerns. Planning daily activities and delegating tasks. Clearly outlining goals and ensuring group members understand what's expected of them.
1) Effective communicator: A leader needs to be an effective speaker as well. A leader who has the ability to clearly convey his ideas and views has the art of communication.
2) Passion and commitment: A leader should be dedicated to his or her aims and goals. His enthusiasm ought to serve as an example for his followers and everyone else.
3. Positivity: His aura need to be so upbeat that nobody can avoid being affected by him. He needs to inspire people and spread optimism.
4) Integrity and Teamwork: A leader should embody integrity. People are loyal to people who are honest with themselves and with the public at large. A collaborative leader also cooperates with people around him.
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Answer:
Interpersonal roles
Explanation:
Interpersonal roles spread the connections that a supervisor must have with others. The three jobs inside this class are nonentity, pioneer and contact. Administrators need to gather, scatter and transmit data and have three comparing.
It spread the connections that a supervisor must have with others. The three jobs inside this class are nonentity, pioneer and contact.
Answer:
1. Audit
2. Internal control
3. Prevention
4. Fraud triangle
5. Ethics
Explanation:
1. Audit: it involves the process of examining whether financial statements are prepared using the Generally Accepted Accounting Principles (GAAP).
2. Internal control: they are procedures set up to protect company property and equipment, ensure reliable accounting, promote efficiency, and encourage adherence to policies.
Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.
The main purpose of internal controls is to guarantee that loss is eliminated by ensuring that there is an accurate and reliable accounting system.
3. Prevention: it's a less expensive and more effective means to stop fraud.
4. Fraud triangle: three factors push a person to commit fraud: opportunity, pressure, and rationalization.
5. Ethics: beliefs that distinguish right from wrong.