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
ArbitrLikvidat [17]
3 years ago
5

Which of these represent the correct order of steps of the flow of accounting information? Prepare a trial balance. Analyze what

has happened by using the chart of accounts and information from the source documents. Post entries to the accounts in the general ledger. Enter the business transactions in the general journal.
Business
1 answer:
guapka [62]3 years ago
8 0

Answer:

1-Analyze what has happened by using the chart of accounts and information from the source documents.

2-Enter the business transactions in the general journal.

3-Post entries to the accounts in the general ledger.

4-Prepare a trial balance.

Explanation:

The flow of accounting information is also called accounting cycle. Is a collective process of recording and processing the accounting events of a company. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements.

<em>- Analyze what has happened by using the chart of accounts and information from the source documents.</em>

The process starts with source documents which are the supporting original records of any transaction.

<em>- Enter the business transactions in the general journal.</em>

In the secod step, the transaction is registered in the journal, which is a chronological record of how the transactions affect the balances of applicable accounts.

<em>- Post entries to the accounts in the general ledger.</em>

In the third step, transactions are entered in the ledger.<em> </em>

<em>- Prepare a trial balance.</em>

The fourth step includes the preparation of the trial balance, which is a simple listing of all accounts from the ledger with their balances.

You might be interested in
The level of liquid assets that should be invested in marketable securities depends on several factors. This includes all except
-BARSIC- [3]

Answer:

c.

Explanation:

Based on the information provided within the question it can be said that the exception of the answers provided are seasonal cash requirements. This refers to the amount of cash you or the company needs to pay for unique expenses during a specific season. Which is not a factor when deciding what should be invested in marketable securities.

7 0
3 years ago
The following data were provided by Mystery Incorporated for the year ended December 31: Cost of Goods Sold $ 159,000 Income Tax
Kryger [21]

Answer:

Income Statement is attached in the pictures.

Explanation:

5 0
3 years ago
Carmex's first efforts in marketing research had the research objective of figuring out who it was as a company and what the Car
umka2103 [35]

Answer: Definition the problem.

Explanation:

In trying to solve a problem, the first and the most basic step to take is to identify or define the problem, this stage involves determining the circumstances and situation as it helps one to be focused and pay attention to what the real problem is.

It is the first step and the most important, although it is most times difficult.

Defining the problem must answer the question "why", "who", "where","what", "how" and "when".

Defining the problem helps one to gain control over the situation.

6 0
3 years ago
Sadie owns a hair salon. She gives her hairdressers two options for using her​ facility, equipment, and salon​ products: Option​
Sonja [21]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Option​ 1: they can pay Sadie​ $5 per haircut plus​ 20% of their revenue.

Option​ 2: they can pay a flat chair rental of​ $1,000 per month.

The hairdressers charge their customers ​$40 per haircut.

Option1= 5*cut + 8*cut= $13 per cut

Option 2= $1000

1000= 13x

77=x

77 haircuts.

8 0
3 years ago
"For whom is a given mix of goods and services to be produced? How, in other words, are the society's outputs to be distributed
Sergio039 [100]

A. Money market through borrowing and saving by households and businessesB. Public sector through the mechanism of central planningC. Business sector through the mechanism of advertisingD.Private sector through the earning and spending of income

Private sector through the earning and spending of income

Answer: Option D.

<u>Explanation:</u>

A market economy is a monetary framework wherein the choices in regards to venture, creation and dissemination are guided by the value signals made by the powers of organic market.

The meaning of a market economy is one in which cost and creation is constrained by purchasers and dealers uninhibitedly leading business. A case of a market economy is the United States economy where the speculation and creation choices depend on organic market.

8 0
3 years ago
Other questions:
  • You receive a raise at work, and now earn more money. As a result, your demand for bus travel decreases. This shows that bus tra
    9·1 answer
  • A country's exports minus its imports during a period are:
    11·1 answer
  • Spring is here, and Ginny and her uncle would like to go fishing for the weekend in New Hampshire. Ginny could either go to the
    5·1 answer
  • Juanita heard an argument in favor of increasing taxes in her local municipality. at the end of the presentation, she learned th
    10·1 answer
  • Help plsssssssssss drag the names next to the correct statements
    13·1 answer
  • Arizona Desert Homes (ADH) constructed a new subdivision during 2020 and 2021 under contract with Cactus Development Co. Relevan
    14·1 answer
  • Given that Jacob's Chocolates Company had beginning retained earnings of $4,000; net income during the period of $10,000; and di
    7·1 answer
  • The following condensed balance sheet is for the partnership of Hardwick, Saunders, and Ferris, who share profits and losses in
    15·1 answer
  • Calculate the GDP using the data below (all figures are shown in millions)
    7·1 answer
  • When rachel feels overwhelmed, she commits to spending an initial step of attending to the task for up to a minute in order to i
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!