Answer and explanation:
"Mixing and Matching" financial institutions are those that take their customers' money and link different investment vehicles with the customer's expectations, diversifying risk compared to having the money in only one asset. <em>The benefit of using financial institutions as middlemen relies on the cost of accessing the securities since they are much lower for individual investors. Besides, customers receive an assessment from professionals on what to invest in but sometimes this implies paying an additional fee.</em>
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.
Answer:
II and IV only.
Explanation:
‘Ratio Analysis’ is used to analyze the performance of a company. It is used to analyze the liquidity, profitability, solvency and operational efficiency of the company.
Liquidity ratios: It helps in analyzing the ability of the firm to pay of its short terms liabilities using short term assets.
Following ratios are classified as liquidity ratio:
- Quick ratio determines the ability of the firm to pay off its current liabilities using quick assets.
- Current ratio determines the ability of the firm to pay off its current liabilities using current assets.