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
schepotkina [342]
3 years ago
8

How will the general ledger accounts in the trial balance most likely differ if the company were a retail store rather than a wh

olesale​ company? how will they differ for a hospital or a government​ unit?
Business
1 answer:
ExtremeBDS [4]3 years ago
7 0

How will the general ledger accounts in the trial balance most likely differ if the company were a retail store rather than a wholesale company?

A general ledger account is used to record transactions that a company has. A trial balance has all of the general ledger accounts listed shows all of the debits and credits that a company has faced. A retail store will have smaller product transactions over a wholesale store due to the wholesale store selling in bulk. There will likely be more credits and debits for a retail store whereas a wholesale store may have more debits as they are less likely to have returns.

How will they differ for a hospital or a government unit?

A hospital or government unit will have vastly different general ledger reports due to the type of agency they are. These transactions will deal more with insurance or big dollar companies rather than individuals on a smaller scale. A trial balance is not a financial statement but it used to show balances that an organization has.

You might be interested in
If you lived on a fixed income how would you be affected by inflation
choli [55]

Answer:

Increase of he cost of living VS stagnaition of income

Explanation:

Having a fixed income that is not adjusted by inflation affects the quality of living as year by year the cost of goods and services will rise but the income will remain the same. Therefore it is a matter of time until the income wont be  enough to pay all the expenses and costs.

5 0
3 years ago
Automakers began rewarding dealers with financial incentives long before dealership customers started getting them, too. Recipie
frozen [14]

Answer:

Spiff

Explanation:

Spiff: It is an financial incentive paid by manufacturer or employer to the salesperson for directly selling it´s product., sometime it is paid on achieving sales target by salesperson. It encourage seller to make more sales. Spiff stand for Sales performance Incentive Fund and it is paid quicker than commission.

In the given case, Automaker is paying spiff to dealers to encourage sales of it´s own brand over a competitor's product sold at the same store.

8 0
3 years ago
An audit of historical financial statements most commonly includes the Group of answer choices income statement, the statement o
Advocard [28]

Answer:

balance sheet, income statement, statement of cash flows, and the statement of changes in stockholders' equity.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). Examples of financial statements includes Balance sheet, cash-flow and income statement.

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.

Thus, an audit of historical financial statements most commonly includes the balance sheet, income statement, statement of cash flows, and the statement of changes in stockholders' equity.

6 0
3 years ago
Consider this scenario: After many years, an employee is promoted to a position that has an elevated level of trust with his man
Stels [109]

Answer:

The correct answer is the option B: This employee should be granted access based on his current and past roles only after being formally reviewed for his effectiveness in the company.

Explanation:

To begin with, if the employee has past through several positions before then he must understand quite a bit how the company works in its whole and moreover that employee must be trusted due to the fact of the times that he was promoted and therefore that he must have granted access based on his current and past roles but only after being formally reviewed because of the fact of ensuring the effectiveness of the employee.

4 0
3 years ago
Xena is a manager at Ex fox Co. She finds two of her subordinates arguing about which format to follow for their power-point pre
Andrew [12]

Answer:

C. The Withdraw Style

Explanation:

The Withdraw or Avoid style is a style that completely evades a conflict. This style is mostly used or appropriate in the following conditions:

  • when the conflict is judged to be trivial, as in the question, Xena sees the issue as a trivial
  • it doesn't require much time to think,
  • the person invloved does not see the chance of winning the arguments in the conflict or
  • there is a fear of being met with resentment.

In the withdraw style, the conflict can be postponed indefinely or completely avoided anytime it comes up, In this style, the person involved oes not also see the need to pursue or enforce any beliefs but just allows the issue to go as it is.

Other styles include: Accomodating, Collaborating and Competing.

7 0
3 years ago
Other questions:
  • Secret Prizes Inc. is planning to sell 200 buckets and produce 190 buckets during March. Each bucket requires 500 grams of plast
    6·1 answer
  • Benkemel Corp., an industrial chemicals manufacturer in Noemern, has entered a foreign market. It now plans to establish a chemi
    12·1 answer
  • All of the following are ways the WBS helps in managing projects EXCEPT Select one:
    14·1 answer
  • Sampson Co. sold merchandise to Batson Co. on account, $46,000, terms 2/15, net 45. The cost of the merchandise sold is $38,500.
    8·1 answer
  • Unrestricted current funds of a private university designated by the governing board for a specific future purpose should be rep
    6·1 answer
  • To increase productive capacity, a company is considering a proposed new plant. Which of the following statements is CORRECT? a.
    7·1 answer
  • LolLloleoreniiwkv ibyuerw
    12·1 answer
  • An unconfined aquifer with a head of 120 ft (from the bottom of the aquifer) was evaluated using a pumping test. After the head
    12·1 answer
  • .................. people lack enthusiasm.
    12·1 answer
  • Validated changes and validated deliverables are the outputs of the _____ sub-process of project quality management.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!