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Andreyy89
3 years ago
6

In the trial balance, all the accounts with debit balances are listed before the accounts with credit balances.

Business
1 answer:
Jet001 [13]3 years ago
3 0

Answer:

False

Explanation:

The trial balance is prepared at the end of a counting period after all the accounts have been closed. The trial balance captures all the debits on one side and credits on the other. If the trial balance does not balance, it signifies errors in the general ledger. A balanced trial balance does not guarantee the absence of errors.

In preparing a trial balance, accountants usually follow the order of accounts as they follow each other as per the general ledger.  It is not a requirement that either debits or credits come first.

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The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $21,000,
Nadya [2.5K]

Answer: 18.8%

Explanation:

Simple rate of return on investment = Incremental net operating income / investment

Incremental net income = Operating savings - Annual cost

= 145,000 - 420,000/6 years

= $75,000

Net investment = Cost of new machine - salvage value of old

= 420,000 - 21,000

= $399,000

Return on investment = 75,000/399,000

= 18.8%

6 0
3 years ago
During most of the Soviet rule (and certainly after 1934), any form of experimental art was considered dissident and, therefore,
QveST [7]

The statement, "During most of the Soviet rule (and certainly after 1934), any form of experimental art was considered dissident and, therefore, could only exist as a part of underground culture" is True

Option a

<u>Explanation: </u>

All across the 1920s, the creation of Soviet Art was followed by an era of severe ideological competitiveness among artistic groups, which each tried to ensure that their views were given a priority for the determination of the shapes and instructions under which soviet art will also grow.

The increasing crisis of radical left wing artwork done this fight even more angry, In the late 1930's, several avant-garde movements that emerged in the 1910s had become tired and began depicting artifacts in real life, as they sought to return to the traditional model of drawn pictures.

6 0
3 years ago
Which document must a prospective buyer of an existing (resale) condominium unit receive?
dimaraw [331]

Answer:

Governance Form.

Explanation:

The buyer has the right to request a copy of several documents, including the Governance Form. This form summarizes the board of directors and unit rights.

6 0
3 years ago
A differentiator will always benefit when products have become commoditized. True or False
Savatey [412]

Answer:

false

Explanation:

a differentiator will always benefit when products have become commoditized

8 0
3 years ago
Lentitud del desarrollo administrativo
spayn [35]

Answer:

?

Explanation:

6 0
3 years ago
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