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Alona [7]
3 years ago
13

Basic activities in every accounting department, including sales order processing, accounts receivable, inventory and purchasing

, accounts payable, and payroll, are recorded in the _______.
Business
1 answer:
Lelu [443]3 years ago
4 0

Answer:

General ledger

Explanation:

A general ledger in accounting is a book pf account that is meant to record the business' transaction entries towards the preparation of the income statement and the statement of financial position.

It records activities like sales order processing , accounts receivable , inventory and purchasing , accounts payable and payroll

We have two types of general ledger which are private ledger that records transaction on salaries , wages and capitals , and nominal ledger that records transaction on expense , income , depreciation etc.

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Answer:

Standard direct labour cost = $20.00   per hour

Explanation:

The direct labour costs represent expenditures incurred in respect of direct worker which can be traced to the product been produced. For example, the labour cost of machine operator saddled with production task.

The payroll cost is not a direct labour cost because payroll employed are not direct workers, also benefits are overheads related to direct workers

Standard direct labour cost = $20.00

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3 years ago
Gold Company was experiencing financial difficulties, but was not bankrupt or insolvent. The National Bank, which held a mortgag
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Which of the following should be shown on a statement of cash flows under the financing activity section? Group of answer choice
Viktor [21]

Answer: a decrease in accounts payable

             

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Financing activities illustrate how an outside agency is financing its programs and enhancements. There is no internal funding involved. Hence from the above we can conclude that the correct option is D.

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3 years ago
Exercise 13-26 (LO. 5) Henry is a 50% partner in HJ Partnership. This year, the tax form he receives from HJ (Schedule K-1 of Fo
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Answer:

20,000

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3 years ago
Job costing is​ ________. A. used by businesses to price unique products for different jobs B. used by businesses to price ident
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Answer:

A. used by businesses to price unique products for different jobs

As the product are different to each other in properties and materials or are required to be performed in different location (IE: real-state maintenance or construction) We need to follow the cost on a per-job basis

Explanation:

B. used by businesses to price identical products

No when the product are identical we don't need to discriminate over which customer ask the job nor the type of product it was requested.

C. used to calculate equivalent units

NO. That is processing cost

D. used to calculate the percentage of work completed

NO that is a given, we measure the amount of work completed under pretty much any cost method.

5 0
3 years ago
Read 2 more answers
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