Answer:
False
Explanation:
The trial balance is prepared at the end of a counting period after all the accounts have been closed. The trial balance captures all the debits on one side and credits on the other. If the trial balance does not balance, it signifies errors in the general ledger. A balanced trial balance does not guarantee the absence of errors.
In preparing a trial balance, accountants usually follow the order of accounts as they follow each other as per the general ledger. It is not a requirement that either debits or credits come first.
Answer:A. government regulators and taxpayers.
Explanation: Insurance premium is the amount of money initially paid by an organisation which can be a profit making Organisation or non profit making Organisation or an individual before the start of an insurance policy.
An actuarially fair level is the compensation level that is commensurate with the premium of the policy holder.
IF THE INSURANCE PREMIUM IS TO BE SET BELOW THE ACTUARIALLY FAIR LEVEL THE GOVERNMENT AND TAX PAYERS WILL BE EXPECTED TO PAY THE FOR THE DIFFERENCE.
Answer: d.the holders must have acted honestly and observed all reasonable commercial standards of fair dealing.
Explanation:
For an instrument to be negotiable, it should be noted that the UCC requires that such instrument have to be signed by the maker or the drawer.
The UCC requires that HDCs take instruments in good faith. This means that the holders must have acted honestly and observed all reasonable commercial standards of fair dealing.
<span>A good reason for cutting meats and poultry
into thin slices for sandwiches is that thin cuts are more delicate, a sandwich
produced using dainty cuts is less demanding to eat and many thin cuts make a
thicker sandwich than maybe a couple thick cuts of a similar aggregate weight.</span>
Answer:
the balance in the Cash account should be C : $25,000.
Explanation:
Assets=(Liabilities+Owner’s Equity)
Assets= Cash+account receivable+Suplies+Equipment
Cash 25.000
Acoount Receivable 5.000
Supllies 12.000
Equipment 18.000
Assets 60.000
Account Payable 17.000
Liabilities 17.000
Stakholder equity 43.000
Equity 43.000
Liabilities+ Equity 60.000
