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
Orlov [11]
3 years ago
10

When determining the account balance for a particular account (ex. Accounts Receivable) in order to prepare a trial balance, the

best place to find the balance would be in the company's _____.
Business
1 answer:
DanielleElmas [232]3 years ago
4 0

Answer: General ledger

Explanation:

According to the given question, the company's general ledger is the term that is used to refers to the account that helps in balancing the specific account in the form of record, store and also summarizing all the transaction details of an organization by using the proper balance sheet chart.

The main role of the general ledger is that it helps in preparing the financial reports by including all the data such as revenue, liability, expense and the asset.

The general ledger is preparing the balance by using the transaction statement of the company's account.

 Therefore, General ledger is the correct answer.

You might be interested in
Summary and reflection ....<br>how can we manage the problem of scarcity ?
Effectus [21]

The main thing we can do to manage the problem of scarcity is to not overspend.

Scarcity happen when the number of demand in our society heavily outnumber the amount of  resources available. By observing our consumption behavior today, we will notice that a lot of people spend money to buy more goods or services that they actually need.

If we control this overspending behavior, not only people who overspend can save some of their money, there will be a lot of goods/services left for other people.

7 0
2 years ago
Read 2 more answers
The government regulates financial markets for two main reasons:
mart [117]

B. to improve control of monetary policy and to increase the information available to investors

C. To ensure that financial intermediaries do not earn more than the normal rate of return and to improve control of monetary policy

Hope this helped ;)

8 0
2 years ago
Stone Co. begins operations in 20X9 and reports $225,000 in income before income tax for the year. Stone's 20X9 tax depreciation
Crazy boy [7]

Answer:

The answer is: Stone can report $8,750 as deferred income tax liability

Explanation:

Deferred income tax liability: income tax owed by a business that is put off into future years because a difference exists between GAAP accounting (in this case book depreciation) and income tax accounting.

The deferred tax liability is based on the difference on depreciation. Since 20x9 is Stone Co.'s first year of operations, the depreciation difference in this year must equal the net future depreciation difference.

To calculate the deferred tax liability balance we take the difference in depreciation and multiply it by the future tax rate: $25,000 x 35% = $8,750.

8 0
3 years ago
If the price of a product increases rev: 05_10_2018 Multiple Choice total revenue will definitely increase. consumer surplus wil
Gekata [30.6K]

Answer:

consumer surplus will decrease.

Explanation:

Consumer surplus is defined as the difference between the price customers are willing to pay for a product and what they actually pay.

On the demand and supply curve it is indicated by the shaded area between equillibrum and demand curve as illustrated in the attached diagram.

For example let's assume the price a customer was willing to pay for a product was $50 and market price was $30

Initial consumer surplus= 50- 30= $20

Assume bmarket price increase to $40

The new consumer surplus is= 50- 40

Present consumer surplus= $10

So a price increase causes a decrease in the consumer surplus.

6 0
3 years ago
When used in return on investment (ROI) calculations, turnover equals sales divided by average operating assets.
zhenek [66]
True

Return to investment: margin+turnover
Margin-net operating income/ sales
Turnover-sales/average operating assets.
8 0
3 years ago
Other questions:
  • Looking to increase the profits of his lemonade stand, Johann doubled the price of a cup of lemonade from 25 cents to 50 cents.
    12·1 answer
  • Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets
    8·1 answer
  • You are a Geographic Information System (GIS) specialist who normally works at the Public Works Planning office. You are directe
    8·2 answers
  • You own a portfolio that is 32 percent invested in Stock X, 20 percent invested in Stock Y, and 48 percent invested in Stock Z.
    12·1 answer
  • Nguyen's Sporting Goods is having difficulty obtaining the credit it needs to expand. What should the company do in order to all
    11·1 answer
  • Suppose you want to invest $10,000. You have two options: (1) Invest in California municipal bonds with an expected rate of retu
    12·1 answer
  • The management accountant at Woodhaven Cycle Shoppe developed a budget to establish the sales goals at the store in 2012. In 201
    7·1 answer
  • Internal control systems are:________.
    15·2 answers
  • Technical skills are more important for top managers and middle managers than they are for lower-level managers. True False
    7·1 answer
  • Armed only with his fingers, the owner decides that the safest forecasting approach is a linear trend line. His fingers are achi
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!