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
Inga [223]
3 years ago
8

The primary purpose of the trial balance is to: 1.prove the equality of the debit and credit amounts after posting. 2.transfer j

ournal entries to the ledger accounts. 3.disclose the complete effect of a transaction in one place. 4.make sure a journal entry is not posted twice.
Business
1 answer:
coldgirl [10]3 years ago
8 0

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

You might be interested in
Hi points for whoever wants them<br>bye
Roman55 [17]

Answer:

yooo[oooooooooiiiiiii

7 0
3 years ago
Read 2 more answers
Managerial accounting includes the planning function. Which of the following items would be part of the planning function of a​
Scilla [17]

Answer:

It is choosing goals and deciding how to achieve them (D)

Explanation:

As part of the planning process, managerial accountant guides management during  goals and objectives formulation for the organization .

Management accounting provides past, futuristic and external information that can help management make informed planning  and decision as regard setting various organizational goals and objectives including financial, operational ,strategic,market goal etc a

6 0
3 years ago
thompson corparations unadjusted trial balance includes the following balances assume normal balance accounts reciavable 1,865,0
mylen [45]

Answer: $76900

Explanation:

The following information can be deduced from the question:

Accounts receivable = $1,865,000

Allowance for doubtful debts = $35000

Estimated bad debt = 6% × $1,865,000 = $111900

The amount of bad debt expense that the company will record will be:

= Estimated bad debt - Allowance for doubtful debts

= $111900 - $35000

= $76900

6 0
2 years ago
Why are employee benefits strategically important to employers and what are some key strategic considerations?
Vilka [71]

Explanation:

Employee benefits are strategically important for employers because this is a strategy for recruiting and retaining good people to work for your company, as qualified employees will be more productive and will more effectively assist in achieving goals and organizational objectives.

However, offering benefits requires a high cost, because the more benefits the company offers, the more expensive the cost of hiring employees, so it is necessary to have a clear communication strategy with employees about the value and cost of benefits received, so that there is a greater understanding of total compensation.

4 0
3 years ago
During the colonial period, commodities that could only be exported legally to Britain were known as _______.
gavmur [86]

Answer:

d. enumerated goods.

Explanation:

Enumerated goods were the colonial goods which were permitted to be exported only to limited locations.

The  locations were generally

British colonies

Ireland

England

Berwick on Tweed

Wales

Scotland  (After 1707)

The very first product which was enumerated in 1621 was tobacco.

It was enumerated by the order in council.

8 0
3 years ago
Other questions:
  • Consider these long-term investment data: • The price of a 10-year $100 par zero-coupon inflation-indexed bond is $84.49. • A re
    10·2 answers
  • Which of the following is an example of representative money?
    10·2 answers
  • Do you think Harvey has a good investing strategy?
    11·2 answers
  • Prepare an income statement for May assuming the following data are not included above: (1) $900 worth of services were performe
    12·1 answer
  • Creating an means copying files from a computers hard drive and storing them in a remote location
    5·1 answer
  • Carson Lee, a staff accountant, is a working on some research for his partner, Joe Davis. Joe has asked Carson to find the prope
    9·1 answer
  • Saira's Maid Service began the year with total assets of $120,000 and stockholders' equity of $40,000. During the year the compa
    12·1 answer
  • Why might a person assume the Mr. White could be doing well financially
    12·1 answer
  • An examination of Hyong Corporation's inventory accounts revealed the following information:
    5·1 answer
  • In this unit, you learned about using the internet for business purposes. What forms of business communication rely on the inter
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!