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Tom [10]
2 years ago
8

Which of the following statements are true?

Business
1 answer:
kirza4 [7]2 years ago
6 0

Answer:

TRUE: A. Different companies will use different charts of accounts based on individual company need.

C. The general ledger contains all of the accounts that a company uses, along with detail of the balances in those accounts.

Explanation:

A. <u>Different companies will use different charts of accounts based on individual company need.</u>

A chart of accounts is the combination of all the accounts of an organization in an organized and structured model whose objective is to establish a codification so that there is a standardization of the company's financial information to assist the work of the accounting sector.

Therefore, each company will have a model chart of accounts referring to its activities and processes.

<u>C.</u><u> </u><u>The general ledger contains all of the accounts that a company uses, along with detail of the balances in those accounts.</u>

<u> </u>The general ledger can be defined as the set of all accounts held in the organization in detail.

Through the information in the accounts, the organization is able to correctly separate each one by type and carry out the organizational financial statement.

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Answer:

They are not distinct.

Explanation:

When making a statement that is made up different main points, it is important to seperate them into distinct entities that can be easily identify by the reader.

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3 years ago
Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 50,000 ounces from the
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Answer:

The number of ounces started and completed during the period is <u>42,000 ounces</u>.

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The number of ounces started and completed during the period can be computed by simply deducting the beginning work in process from the number of ounces completed.

Since we have the following from the question:

Number of ounces completed by Filling = 46,000 ounces

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Therefore, the number of ounces started and completed during the period is <u>42,000 ounces</u>.

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Expectancy theory implies that linking an increased amount of rewards to performance will increase motivation and performance. F
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