1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ZanzabumX [31]
3 years ago
15

Making adjustments to general ledger accounts is an application of the Matching Expenses with Revenue accounting concept.

Business
1 answer:
svetoff [14.1K]3 years ago
6 0

Answer:

A. True

Explanation:

This two principles i.e matching principle and the revenue recognition principle are interrelated to each other

The matching principle is that the principle in which the expenses of a particular period and the revenues incurred of a particular year should be matched.  

Whereas the revenue recognition principle stated that whenever the revenue is earned it should be recorded whether cash is received or not  

So for recording the adjusting entries, these two principles are required

You might be interested in
What is the name of the company, and what is its mission?
dimulka [17.4K]
It depends on what company so what company is it?
3 0
3 years ago
If city a is located 35° west of city b, the time at city a is ________ that at city<br> b.
kumpel [21]
<span>If city a is located 35° west of city b, the time at city a is earlier that at city b. This is because the earth usually rotates form west to east which is counterclockwise when observed from above. The rotation of the earth gives us course of the day.</span>
8 0
3 years ago
Read 2 more answers
The first skate board in the history of he world by betsy byars what is the moral of story.what is the conflict of the story.how
stich3 [128]
The moral of the story is to keep your stick on the ice
8 0
3 years ago
Sophia Martin's goal has been to travel around the world. She has now been traveling for six months and she has decided she is a
Usimov [2.4K]

Answer:

Identifying alternative course of action

Explanation:

In this scenario Sophia made an initial financial plan in which she would travel around the world.

As she gets tired of this line of action she can identify other activities that will better suit her. So when she decides to go home, look for a part time job, and take shorter trips to locations around the world that appeal to her. She is identifying alternative course of action.

This new action will eventually have financial implications when implemented. In this case coming home and making only short trips will save her more money. She will also get money from her job.

3 0
3 years ago
Sally and Dan must pay 2 points on their new $65,000 loan. What will they have to pay at closing for the points?
gayaneshka [121]

Answer:

correct option is B. $1,300

Explanation:

given data

loan = $65,000

pay = 2 points

solution

As we know normally point worth = 1%

and they pay 2 point so that

2 point = 2 % = 0.02

so pay at closing for the points will be

pay closing for the points = 0.02 × loan amount .....................1

pay closing for the points = 0.02 × $65000

pay closing for the points = $1300

so correct option is B. $1,300

8 0
3 years ago
Other questions:
  • If congress and the president decide an expansionary fiscal policy is​ necessary, what changes should they make in government sp
    14·1 answer
  • An administrator has configured wsus settings to be applied via a group policy object linked to a specific ou in her organizatio
    10·1 answer
  • Burberry's global marketing strategy of offering "affordable luxury" to customers in the United States, with a value proposition
    7·1 answer
  • This company reports only total factory overhead on the schedule of cost of goods manufactured and attaches a separate schedule
    9·1 answer
  • Which of the following does NOT increase food intake?a) serotoninb) beta-endorphinsc) decreased blood glucose levelsd) neuropept
    7·1 answer
  • Following are account balances (in millions of dollars) from a recent State annual report, followed by several typical transacti
    6·1 answer
  • Holly comes into Matthew's bicycle shop to learn about the Easy Ride bicycle she saw in his newspaper ad. Matthew shows her the
    9·1 answer
  • Based on the following information, determine the location quotient for Amusement City and whether this city has a competitive a
    12·1 answer
  • Crane, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity c
    14·1 answer
  • Good Vibrations
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!