A transaction is initially recorded in the journal, and then subsequently posted to the general ledger
This is further explained below.
<h3>What is a ledger?</h3>
Generally, A book or group of accounts in which transactions pertaining to those accounts are documented is referred to as a ledger.
Each account has a carry-forward balance or a starting balance, and it would record each transaction as either a debit or a credit in distinct columns, as well as the account's ending or closing amount.
In conclusion, When a transaction occurs, it is first written down in the journal, and then it is later entered into the general ledger.
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Worker's Compensation, because the injury occurred by an employee in the course of performing their job.
Answer: CPM and PERT use different activity time estimates.
Explanation:
Program (Project) Management and Review Technique (PERT) is appropriate when the project time needed to complete different activities are unknown while the Critical Path Method or CPM is fitted for recurring projects in nature. PERT deals with activities that are not predictable but CPM deals with repetitive activities. PERT focuses/concentrates on time while CPM focuses on time-cost & trade-off. Also, PERT requires three-time estimate while CPM requires one-time estimate. PERT uses a probabilistic model and on the other hand, CPM uses a deterministic model. In PERT, a technique of planning and controlling time is used but CPM uses a technique to control cost and time.
1. The missing amounts should be determined in the following manner:
On Company A. Materials inventory December 1 Materials inventory December 31-+Materi also purchased -Cost of direct materials
Off Company Total manufacturing costs incurred in December -Direct labor Cost of direct materials used in production -Factory
2. On Company's statement of goods manufactured should be prepared as follows:
On Company Statement of Goods Manufactured For the Month of December 2016 Materials inventory December 1 Add: Purchases Total
3. On Company's income statement should be prepared as follows:
On Company Income Statement For the Month of December 2016 Sales 1,127,000 827.400 299,600 Less: Operating expenses 117,600.
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