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N76 [4]
3 years ago
11

Proof that the dollar amount of the debits equals the dollar amount of the credits in the ledger means a.all accounts have their

correct balances in the ledger b.all of the information from the journal was correctly transferred to the ledger c.only that the debit dollar amounts equal the credit dollar amounts d.only the journal is accurate; the ledger may be incorrect
Business
1 answer:
Pani-rosa [81]3 years ago
6 0

Answer:

c.only that the debit dollar amounts equal the credit dollar amounts

Explanation:

For recording the business transactions, the first step is journalizing through recording. After that we post these to their respective account which we called ledger accounts.

The motive of recording the business transactions is to equate the debit and credit sections as per the double accounting through which the financial statements should be verified, and correct in all aspects.

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Answer:

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Explanation:

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7 0
4 years ago
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Jlenok [28]
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7 0
4 years ago
Read 2 more answers
Emerald Jewelery Store had a credit balance in interest payable of $200 at the beginning of the period, and a credit balance of
Evgesh-ka [11]

Answer:

Net income will be decreased by $150.

Explanation:

Given:

The credit balance of interest payable (Opening) = $200

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The interest of $150 was paid which would reduce the net profit.

7 0
3 years ago
Trey has $5.00, he needs gas and he needs to eat lunch. He can only do one for $5.00 not both or part of both. Trey buys gas to
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Answer:

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