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Rus_ich [418]
2 years ago
15

The process of transferring the debits and credits from the journal entries to the accounts is called a.journalizing b.sliding c

.transposing d.posting
Business
1 answer:
Rudiy272 years ago
4 0

Answer:

d. posting

Explanation:

There are various steps to prepare the financial statements. These are as follows:

1. Journalizing: It is a recording of business transaction with a narration in which the one account is debited and the other account is credited. It can be more transactions debited and credit that is depending upon the nature of the transaction.

2. Ledger posting: After recording the journal entries, the next step is to make the number of ledger i.e posting of the amount and the accounts to their respective ledger i.e sales ledger, purchase ledger, etc

3. Trial balance

4. Income statement

5. Statement of owners equity

6. Balance sheet

7. Cash flow statement

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Dahasolnce [82]

Answer: Environmental partnerships.

Explanation:

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3 0
3 years ago
For long-term contracts, the cost recovery method under IFRS requires recognizing equal amounts of revenue and cost until all co
Sav [38]

Answer:

The answer is letter A. TRUE

Explanation:

Because under IFRS firms tipically use the cost recovery method iif they conclude that the percentage of completion method is not appropriate to account for a long term contract.

8 0
3 years ago
Although several bulbs have burned out on the movie buff theater's sign at the entrance and the letters are not completely forme
andre [41]

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6 0
3 years ago
Read 2 more answers
Texas Inc. has 10,000 shares of 6%, $125 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock ou
katovenus [111]

Answer:

$75,000

Explanation:

Calculation for the annual dividend on the preferred stock

Using this formula

Annual Dividend= Number of shares × Par value × Dividend %

Let plug in the formula

Annual Dividend= 10,000 shares × $125 × 6%

Annual Dividend= $75,000

Therefore the annual dividend on the preferred stock will be $75,000

5 0
3 years ago
What types of supply chain strategies are required for food and rose supply chains?
stiv31 [10]

Answer:

supply chain is a system of organizations, people, activities, information,

Explanation:

hope that works

6 0
3 years ago
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