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qaws [65]
3 years ago
14

Closing entries and a post-closing trial balance are steps in the accounting cycle that occurA :  quarterly. B :  monthly. C : 

daily. D :  annually.
Business
1 answer:
zhannawk [14.2K]3 years ago
6 0

Answer:

The correct answer is letter "D": annually.

Explanation:

The trial balance is a worksheet where all the balances of all the accounts are listed where the sum of all debits must equal the sum of all credits. The trial balance is an accuracy check reflecting the transactions in the general ledger were recorded correctly.

The post-closing trial balance lists the permanent account balances that the company has to transfer for the next accounting period. Both the trial balance and the post-closing trial balance are reported once a year before preparing the company's financial statements.

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Which of the following deposit requirements pertains to a monthly depositor who has accumulated employment taxes of $2,900 at th
Sav [38]
If the obligation is $2900 on the 941, you would have deposited the liability each month of the quarter 
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<span>for July's obligation you would paid(electronically) by Aug. 15, for Aug, by Sept.15, and for the quarter Oct. 15 </span>
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8 0
3 years ago
The accounts payable account is listed in the chart of accounts as an asset.<br> True<br> False
mafiozo [28]

Answer:

False

Explanation:

Payables are payment the business is expected to make. Money comes from the company and goes to third parties. Payables represent goods and services obtained from suppliers, but payments have not been made. They are debts that the business owes others.

Because payables are money that the business owes others, they are listed as liabilities. Liabilities are the debts that a business acquires as it engages in its regular activities. Assets are the items of value that a business own. Payables are not assets as they are financial obligations the company is expected to meet.

6 0
4 years ago
You own 200 of the 10,000 outstanding shares of Invite stock. The firm just announced it will be issuing an additional 2,000 sha
Leokris [45]

Answer:

A rights offering

Explanation:

Current shareholders can participate in a rights offering, by which they can purchase additional shares of the corporation. During a rights offering, current shareholders are given the first option to buy newly issued shares before those shares are offered to the general public.

3 0
4 years ago
Which method of allocated profits and losses is based on a percentage of initial investment by the partners?
Elanso [62]
Profit and loss ratio is the answer 
3 0
3 years ago
1) Do you think there is/are any action(s) by Jessops Group Limited, that can be considered as a Corporate Social Responsibility
irina [24]

Answer:

<h2>Yes</h2>

Explanation:

Yes, Jessops  is fulfilling its corporate social responsibility due to its contribution to the local councils for developing the collection facilities of discarded electronic goods and also by raising awareness for WEEE regulations, setting up plants to recycle used batteries can also be counted as a corporate social responsibility as it is an initiative to reduce environmental pollution caused by batteries.  

There are four types of corporate social responsibility: Environment conservation, philanthropy, volunteerism, diversity and labor practices. Many corporations give money for preservation of wildlife and land, and take up environmental clean up efforts.  

CSR helps the companies in many ways. It includes brand recognition and business reputation, it gives competitive edge to a company as companies prefer suppliers with responsible policies. It enhances customer loyalty and increases sales, it saves operational cost by reducing emissions and waste.

The CSR efforts helps the companies to attract talent and retain them as employees are motivated to work with companies taking up CSR initiatives.

CSR efforts also improves relations with the authorities and makes it easy to get financial access.

So, Jessop group will also get all these benefits from its CSR initiatives that will help it to  become market leader in imaging industry.

7 0
3 years ago
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