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
elixir [45]
3 years ago
10

When the trial balance extracted from the books of Keman Enterprises at the year-end failed to balance, the difference was place

d in a Suspense account. Identify the amount that would have been placed in suspense as a result of each of the following errors; GH₵ 2,400 pre-paid insurance has been brought forward from the previous year as a credit balance.
A. Dr 4,800
B. None
C. Cr 2,400
D. Dr. 1,500​
Business
1 answer:
Ugo [173]3 years ago
8 0

Answer:

The answer is option (A) Dr 4,800

Explanation:

Solution

From the given question, the prepaid insurance normally is having a debit  balance.

When it is brought forward to next year, this GH₵ 2,400 has to be cancelled once by debiting to suspense account.

Also. it want 2400 to credit the balance in prepaid insurance ledger, it need or require to be credited and debited to suspense account with 2400 balance.

Now, this combined debit to suspense account will result to 4800 (2400 +2400).

You might be interested in
Find the present value of $19,000 in 11 months at 5.1% interest
dem82 [27]

Answer:

$19,886.396

Explanation:

Given :

Interest rate = 5.1% = 5.1

Principal = $19000

Period = 11 months = (11/12)year

The present value of 19000 in 11 months at 5.1% interest Can be obtained using the relation:

PV = P(1 + r)^n

PV = 19000(1 + 0.051)^(11/12)

PV = 19000(1.051)^(11/12)

PV = 19000 * 1.0466524

PV = 19886.396

Hence, the present value is $19,886.396

5 0
3 years ago
If Sue, owner of Camp Bow Wow in Boulder, Colorado, says Heidi Granahl, CEO and founder of Camp Bow Wow, is a leader who establi
sashaice [31]

Answer:

the correct answer to this question is the "Country Club Leadership Style". However, what you should remember is that you might come across different names for this such as "Laizes Faire Leadership", etc...

Explanation:

In this style of leadership, the main assumption is that wen the employee are happy, they will naturally work better for the company. However, lack of regulation and guidance may end up with a not-so-well disciplined work force and usually this style does not work with every type of employees.

Moreover, this style focuses more on creating a safe working environment with minimal conflict.

6 0
3 years ago
While showing a property to an unrepresented buyer, you owe the customer the duties of dealing honestly and fairly, accounting f
adelina 88 [10]

This is also known as the three duties towards the customer DAD Dealing with Honesty. Accounting for all funds and Disclosing the material facts to the buyer.

<h3>Who is a buyer?</h3>

A buyer is a customer who purchases the goods and or services of a company through which the company generates the revenue and earn profits. The buyer plays a key role in the development and running of a company.

The buyer should be allowed to have all the information about the product or service it is going to purchase, the buyer should be informed about the market rates and the demand of the goods as this is a material fact about the product.

Therefore it is a duty that a seller owes to the buyer to deal with honesty that is not charging high price if they are unaware of the price of the product.

Learn more about Buyer at brainly.com/question/27282505

#SPJ1

7 0
2 years ago
What is a competency based interview?
yKpoI14uk [10]

it's an interveiw targetting a speciffic skill or Competncy

3 0
3 years ago
A group of nations establishes a free-trade zone. What is the most likely effect?
mixer [17]
The answer is trade increases<span />
4 0
3 years ago
Other questions:
  • Builtrite has two bond issues outstanding(sold two separate groups of bonds over the years). One issue has a 7 year maturity and
    8·1 answer
  • To enable remarketing in google analytics, what must first be enabled?
    14·1 answer
  • Henri fayol developed 14 general principles of management including unity of command and the scalar chain which focused on the t
    8·1 answer
  • A U.S. firm is bidding for a project needed by the Swiss government. The firm will not know if the bid is accepted until three m
    7·1 answer
  • Firms that follow variable-cost pricing Multiple Choice sell their products at lower net prices abroad than in the domestic mark
    8·1 answer
  • What time is it when you see this
    15·2 answers
  • Review the transactions below and select the one that would be journalized in a general journal when specialized journals are us
    9·1 answer
  • On 1/1/2020, Studebaker Corp. had an Accounts Receivable balance of $500,000 and an Allowance for Doubtful Accounts balance of $
    15·1 answer
  • Define equity economics.​
    12·2 answers
  • as a country develops economically from being very low income to higher income, what are the most important changes that occur i
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!