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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.

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Answer:

are costs that do not vary with production or sales level

Explanation:

Fixed cost can as well be regarded as overhead cost they are expenses in the company that does not depends on the change in the amount of goods and services produced in the company. They are time- related cost such as

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8 0
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About 13 to 16 guests out of every 100 are purposefully out to scam us and get something for free.
antoniya [11.8K]

Answer:

True

Explanation:

2% out of 100 guest purposefully scam.

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3 years ago
Read 2 more answers
The assessment ratio isa) The ratio of assessed value to market valueb) The ratio of assessed value to the average value for pro
Ivan

Answer:

The correct answer is option A.

Explanation:

The assessment value can be found by calculating the ratio of assessed value of a property to its market value.

Market value is the rate at which the property can be sold in the open market.

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7 0
3 years ago
What's the estimated length of a wall that has 31 studs 16 inches on center?
devlian [24]

Answer:

480 inches (40 feet)

Explanation:

Studs are boards placed on walls so as to support the walls. Studs are used in framing the wall and they are vertical.

Studs are usually spaced on walls with wall framing at either 16 inches on center, 19 inches on center or 24 inches on centers.

Given that on center spacing = 16 inches, number of studs = 31

The length of the wall is given by the formula:

number of studs = (length of wall in inches / on center spacing in inches) + 1

Length of wall (inches) = (number of studs - 1) * on center spacing

hence:

Length of wall (inches) = (31 - 1) * 16 inches = 480 inches

Length of wall = 480 inches = 40 feet

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Answer:

a global strategic alliance

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7 0
3 years ago
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