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
Pani-rosa [81]
3 years ago
14

The following are some of the steps in the accounting cycle. Which of the following reflects the steps in the correct order? Fin

ancial statements are prepared. An unadjusted trial balance is prepared. Closing entries are journalized and posted to the ledger. Transactions are posted to the ledger. A post-closing trial balance is prepared.
Business
1 answer:
lukranit [14]3 years ago
7 0

Answer:

The correct answer is:

  1. Journalized business transactions are posted to the ledger.
  2. An unadjusted trial balance is prepared.
  3. Financial statements are prepared.
  4. Closing entries are journalized and posted to the ledger.
  5. A post-closing trial balance is prepared.

Explanation:

The following phases or stages are distinguished in the accounting process or cycle:

  1. Initial situation balance.
  2. Accounting opening.
  3. Record of the operations of the year.
  4. Periodification
  5. Adjustments prior to the determination of the benefit - or loss - generated in the year.
  6. Balance check sums and balances.
  7. Calculation of the result.
  8. Accounting closing.
  9. Annual accounts.
  10. Distribution of the result.
You might be interested in
On June 1, 2018, Cork Oak Corporation purchased a passenger automobile for 100 percent use in its business. The auto, with a cos
lubasha [3.4K]

Answer:

=$ 4400

Explanation:

Under the Macrs depreciation schedule, motor vehicles as assets have a useful life of 5 years. In the first year, the deprecation rate id 20%, followed by 32% in the second year.

For cork oak corporation: the value of the motor vehicle is 22,000

Date of purchase 2018, years in depreciation: 1

Depreciation: = 20/100 x 22 000

  =$ 4400

5 0
4 years ago
What kind of PPE should be worn operating a pit​
earnstyle [38]

Answer:

A mask, gloves, gown, face shield.

Explanation:

Try covering up as much as possible, but these are the four most essential protective coverings you should wear while operating a pit. Hope this helps!

5 0
3 years ago
What has happened to China’s GPD since it began to reform its economy?
telo118 [61]

Answer:

it has grown substantially

Explanation:

in the past, China's government has total control over other economy. They failed to run it efficiently since the system provide no incentives for people to work harder and invents new things.

In the 1980s, china started to adopted some aspect of Capitalism and let the private sector grow their influence in the economy.

As a result, many people start to have incentives to contribute more to the economy. This system  basically allowed the citizens seek personal wealth for themselves, but they are indirectly improving the country's economy.

6 0
3 years ago
Bernard did not glance at the visiting card given by his Chinese client and simply stuffed it in his pocket. Which socio cultura
Maru [420]
Behavior I'm pretty sure
3 0
3 years ago
Read 2 more answers
Determine the degree of the polynomial 2x^2y^3-4xy^2
galben [10]
The degree for this is 5
4 0
3 years ago
Other questions:
  • Explain how and why governments may want to regulate the price setting of a natural monopoly.
    15·1 answer
  • What percentage of the u.s. adult population has a college or post-college education (as of 2012)?
    12·1 answer
  • For a given product, the optimal order quantity is 600 units, average annual demand is 12,000 units, the average lead time is 1
    15·1 answer
  • Bronzit Company estimated the following at the beginning of the year: Assembly Department Testing Department Total Overhead $700
    5·1 answer
  • On November 1, Year 2, Smith Co. contracted to dispose of an industry segment on February 28, Year 3. Throughout Year 2, the seg
    9·1 answer
  • True or False: Increasing the number of stocks in a portfolio reduces market risk.Consider two stock portfolios. Portfolio B con
    9·1 answer
  • Need help ASAP!
    6·2 answers
  • As posited by carroll’s pyramid, the first and foundational responsibility of organizations in the global economy is to.
    15·1 answer
  • When the money supply decreases a.interest rates fall and so aggregate demand shifts right. b.interest rates rise and so aggrega
    11·1 answer
  • You have a credit card bill from ABC Credit for a total of $3,754. Please group the transactions within the appropriate T-Accoun
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!