Answer:
The correct answers are letters "A", "C" and "D": All accounts with balances are included in the report; The report is prepared for a range of dates; The total of the debit column must equal the total of the credit column.
Explanation:
A Trial Balance is a worksheet detailing the debit and credit balances of all the accounts for the company. According to accounting theory, the sum of all debits will be the sum of all credits for a given period. Relevant accounting activity of previous periods can be included. Since the trial balance is a list of all accounts, it acts as a test of accuracy.
Answer:
b. Lack of security in a computer system
Explanation:
For an organisation to work properly and profitably , The most important cause is the lack of security in the computer system .
As, to run an organization , there is nothing much to do with the installation of the sprinkler system or lack of tornado shelter .
Hence ,
its important to have a proper , secure computer system ,. to avoid stealing , loss of important data via computer .
Answer:
The adjustment balance will be of 18,000
Explanation:
We should build Accounts Receivables T-account to get the adjusted balance:
Accounts Receivables
<u>DEBIT CREDIT</u>
15,000 UNADJUSTMENT
<u> 3,000 ADJUSTMENT</u>
18,000 ADJUSTED BALANCE**
**As the adjustment is in the same side as the unadjusted balance, we add it. So we end up with 15,000 + 3,000 = 18,000
Answer:
Maximum people attending program
Adult = 140
Student = 70
Explanation:
Provided information,
Maximum seating capacity in the theater = 210 people
For each pair of adult there must be at-least one student.
Thus, maximum revenue can be calculated as follows:
Fee for each adult = $10
Fee for each student = $5
For each combination of two adult and one student revenue = $10 + $10 + $5 = $25
Total people in each combination = 3
Thus number of combinations possible =
Thus, number of adults attending program = 70 2 = 140
Number of students = 70 1 = 70
Maximum amount = 140 $10 + 70 $5
= $1,750
Maximum people attending program:
Adult = 140
Student = 70
Answer:
C) inventory back into cash, or 12 months, whichever is longer.
Explanation:
Inventories that can be converted into cash within a 12 month period are considered current assets. If it takes longer than 12 months to convert them to cash then they are considered noncurrent assets.
As a general rule, all current assets can be liquidated (converted to cash) within a 12 month period. It takes more than 12 months to liquidate noncurrent assets.