Answer:
c.only that the debit dollar amounts equal the credit dollar amounts
Explanation:
For recording the business transactions, the first step is journalizing through recording. After that we post these to their respective account which we called ledger accounts.
The motive of recording the business transactions is to equate the debit and credit sections as per the double accounting through which the financial statements should be verified, and correct in all aspects.
Answer:
d) $300,000.
Explanation:
Paticulars Amount
Manufacturing costs + Beginning WIP = Ending WIP + Cost of Goods manufactured
Let ending WIP be x
Beginning WIP be 0.75x
2,500,000 + 0.75x = x + 2,425,000
2,500,000 - 2,425,000 = x - 0.75x
75,000 = 0.25x
x = 300,000
Therefore, The Work in Process inventory at December 31 was $300,000.
Answer:
if you quit your job is true
Explanation:
Answer:
1.prove the equality of the debit and credit amounts after posting.
Explanation:
There are two columns in the trial balance, called debit columns and columns of credit. The total columns of debit and credit should always equaled. The debit columns report assets and expenditures side while profits, stockholder equity, and the liability side are reported in the credit column.
Its main purpose to equate and the prove the both side of the columns after posting of transactions