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mina [271]
3 years ago
15

List the steps of the accounting cycle in their proper order.

Business
1 answer:
Vlad [161]3 years ago
3 0

Answer:

The accounting cycle is all about managing,updating and reporting on the firm's accounts.

Explanation:

The accounting cycle can be listed in the following nine steps as:

  • Step 1: analyzing transactions  as sales, purchase,etc
  • Step 2: All the transactions need to be recorded
  • Step 3: All the information should be transferred from journal to the ledger
  • Step 4: An unadjusted trial balance should be formulated
  • Step 5:Adjusted entries are prepared
  • Step 6: An adjusted trial balance is constructed
  • Step 7: a financial statement is prepared
  • Step 8: Closing entries are prepared
  • Step 9: The post closing trial balance is prepared

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Which category would be the combination of employee benefits in payment for under
Bess [88]

The category would be,

1.) House Rent allowance

2.) Medical Allowance

3.) Conveyance Allowance

4.)Basic Salary


8 0
3 years ago
Suppose that Xtel currently is selling at $66 per share. You buy 500 shares using $20,000 of your own money, borrowing the remai
hram777 [196]

Answer:

The percentage loss will be "-9.08%". The further explanation is given below.

Explanation:

The given values are:

Invested amount

= 20,000

Price of purchase

= $66

Total number of shares

= 500

The borrowed amount will be:

= (500\times 66)-20000

= 13,000

When the price increase to 69.63, the gain will be:

= 69.63-66

= 3.63 ($)

The total gain will be:

= 3.63\times 500

= 1815

Increase in percentage will be:

= \frac{1815}{20,000}\times 100

= 9.08%

Whereas if price stays quite well at $66, there is really no increase, so the percentage growth would be 0%.  

If the price declines toward a loss of 62,37 per share:

= 62.37-66

= -3.63

Now,

The total loss will be:

= -3.63\times 500

= -1815

The percentage loss will be:

= \frac{-1815}{15,000}

= -9.08 (%)

8 0
4 years ago
Ybor Square is a small shopping center located in the part of Tampa known as Ybor City. The shopping center building used to be
max2010maxim [7]

Answer:

E) theme/festival center.

Explanation:

A theme or festival center is basically a shopping mall or strip mall that focuses primarily on tourists. It combines shopping, entertainment, dining and sometimes even architectural themes. My favorite example is the Lincoln Road Mall in South Beach which has bars, stores, restaurants, etc. And most importantly, I lived there for a couple of years. It was great until European tourists flooded it during August and September, the rest of the year is a really fine place.  

3 0
3 years ago
__________ provides a snapshot of the financial condition of the firm at a particular time. Multiple Choice The balance sheet Th
RoseWind [281]

Answer:

The balance sheet

Explanation:

In a balance sheet, one can see the information on the assets of the company, their liabilities and the equity brought by the shareholders at any particular point in time.

In some cases, it can be referred to as statement of net worth because one can be able to see what the company owns and owes and how the assets are financed either as equity or debt.

5 0
4 years ago
Another term that means the same thing as "insurance company" is:
belka [17]
The correct answer is letter C. the Insurer. The term insurance company has the same meaning as the insurer. It can't be the insured since you are still in the process of insuring yourself.
4 0
3 years ago
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