Answer:
Often, people who are in the habit of saving money can be seen as being overly concerned, but the purpose of having a reserve is precisely to avoid greater worries in the face of unforeseen events.
Answer:
Option D. Prepare a trial balance, prepare adjusting entries, prepare financial statements
Explanation:
The accounting cycle sequence is given as under:
- Analyzing the business
- Journalize the Transactions
- Post to Ledger Accounts
- Prepare a Trial Balance
- Posting adjusting entries and Preparing an adjusted trial balance
- Preparing the financial statements
- Journalize and post closing entries
- Prepare a post closing trial balance and financial statement
So we can see that the three steps highlighted above are the sequence shown in the option D. Hence option D is correct.
Answer:
average cost is increasing
Explanation:
It shows a pattern of responsibility.
If you have only had accounts for 1 month, it doesn't really give a full picture of whether or not you always make your payments on time, etc. However if you have had accounts for 20 years, creditors have more history to look through to determine if you are responsible.
Keep in mind, checking and savings accounts are not the primary type of accounts that creditors want to look at because those only deal with spending money you already have. Lenders really want to know how you handle money that you <em>borrow</em>, such as school loans, credit cards, rent payments, and auto loans.
That statement is false
Some of the database transaction could be recorded as soon as the transaction happen. Some companies may adopt different financial recording policy for their operation. It's not rare to see a company that will acknowledge transaction as soon as it happen so they could create a more accurate view about their company's financial position.
