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Lisa [10]
3 years ago
15

Which of the following does not describe a trial balance? a. Proves that all transactions have been recorded b. Proves the mathe

matical equality of debits and credits after posting c. Assists in the preparation of the financial statements d. May uncover errors in journalizing and posting
Business
1 answer:
FromTheMoon [43]3 years ago
7 0

Answer:

Statement which doesn't describe a trail balance is: Option A: Proves that all transactions have been recorded.

Explanation:

A Trial balance lists the accounts and their balances. It is like an internal control made by the accountants to check general ledger's accuracy. It extracts the list of debit and credit balance from the ledger and adds them.  They should be equal else some error has been made. These errors might be human. It doesn't prove that company has recorded all its transactions.

So, all statements are correct describing trial balance except Option A.

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Ben is planning a ground-breaking ceremony for the company's new headquarters in Charlotte, North Carolina. He has a limited bud
OleMash [197]

Answer and Explanation:

From the following given case or scenario, we can state that Ben in this particular case would select the best alternative  during the rational decision making process. In this particular case, Ben tends to believe that he can easily cut the other expenses in order to maintain the budget for this year.  

8 0
3 years ago
Teall Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard mac
Basile [38]

Answer:

$4,100 Unfavorable

Explanation:

Data provided as per the question

Budgeted fixed overhead cost = $51,000

Actual fixed overhead cost = $55,100

The computation of the fixed manufacturing overhead budget variance is given below:-

Budget variance = Budgeted fixed overhead cost - Actual fixed overhead cost

= $51,000 - $55,100

= $4,100 Unfavorable

In the given question the right answer is not available. So, the right answer is $4,100 unfavorable.

4 0
3 years ago
The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this
Katen [24]

Answer:

Maria spends all of her money on paperback novels and beignets In 2011 she Earned $27 per hour, the price of a paperback novel was $9, and the price of a beignet was $3.

Following give the nominal value of a variable: -

  • The price of a beignet is $3 in 2011
  • Maria's wage is $27 per hour in 2011

Following give the real value of a variable:

  • The price of a paperback novel is 3 beignets in 2011
  • Maria's wage is 9 beignets per hour in 2011.

Suppose that the Fed sharply macaws the money supply between 2011 and 2016 In 2016, Maria's wage has risen to $54 per hour. The price of a paperback novel is $18 and the price of a beignet is $6

In 2016, the relative price of a paperback novel is  3 beignet

Between 2011 and 2016, the nominal value of Maria's wage increases and the real value of her wage remains the same.

Monetary neutrality is the proposition that a change in the money supply affecis nominal variables and does not affecis real variables

7 0
3 years ago
The second element of website design involves the traditional contextual elements. What do these contextual elements needed to b
Nostrana [21]

These contextual elements needed to be aligned with the target markets.

<h3>What is a website design? What are the elements of it?</h3>

Website design is a process of planning, organizing, capturing and conceptualizing the content online in an attractive manner.

The main elements of the website design are the design, interaction, visibility, content etc.

A good website design consist the excellent visual design.

Learn more about the website design here:-

brainly.com/question/13479505

#SPJ1

4 0
2 years ago
George Kaplan is considering adding a new crop-dusting plane to his fleet at North Corn Corner, Inc. The new plane will cost $85
Yuri [45]

Answer:

The correct answer is $105,000.

Explanation:

According to the scenario, the given data are as follows:

Cost of the plane = $85,000

Modification cost = $20,000

So, we can calculate the net cost of the plane by using following formula:

Net cost of the Plane = Cost of the plane + Modification cost

By putting the value, we get

Net cost of the plane = $85,000 + $20,000

= $105,000

7 0
3 years ago
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