Answer:
<h2>Post-Closing trial balance is usually prepared after the closing entries are posted to the ledger account.Hence,the correct answer is the third option or after closing entries are posted to the ledger accounts.</h2>
Explanation:
In Accounting,the main objective of preparing a post-closing trial balance is to ensure the completion and closure of all the temporary accounts and the equality between all the debit and credit entries have been consistently established once the closing entry has been done.Once the closing entries have been put into journal and finally posted in ledger,a detailed account or list of all the individual accounts along with their respective balances is prepared which is basically known as Post Closing Trial Balance Account.It includes all the unbalanced accounts from the original trial balance or the accounts which are not balanced based on debt and credit entries,at the end of the accounting or reporting year.Therefore,post-trial balance basically ensures that all the accounts entered in the original trial balance are zero balance or the debit and credit entries of all the individual accounts in trial balance are balanced or equal.
Answer:
B. If the building could be sold, then the after-tax proceeds that would be generated by any such sale should be charged as a cost to any new project that would use it.
Explanation:
The proceeds from a potential sale are the opportunity cost of using the building for a given project instead of selling to a third party. Not including any cost will lead to project not recovering the entire capital used in it.
Is important to notice this is the after-tax proceeds from the sale of the building.
Answer:
B) Job Enlargement
Explanation:
Job enlargement refers to addition of different tasks and activities to the already existing job responsibilities of an individual, at the horizontal level. Such practice enhances job scope and also referred to as horizontal job expansion.
Job enlargement increases the job responsibility and at the same time breaks the monotony of performing the same routine tasks as new job responsibilities are added.
Such an activity also promotes creativity and develops employee skills w.r.t new tasks and activities.
In the given case, an employee has been assigned an additional column for editing apart from the usual sports column he handles. This is a case of job enlargement wherein, the existing job has been enlarged owing to the additional responsibility which has been assigned.
Answer:
Are added expenses beyond that for the wages and salaries earned by employees
Explanation:
The employer payroll taxes are the taxes which are to be computed as a percentage of the wages salaries earned by the employees. It is divided into two types - social security taxes i.e 6.2% and the medicare taxes 1.45%
And the journal entry is
Payroll tax expense A/c Dr XXXXX
To Social security tax A/c XXXXX
To Medicate tax A/c XXXXX
To State Unemployment tax payable XXXXX
To Federal Unemployment tax payable XXXXX
(Being the payroll tax expense is recorded)
Moreover, it is an added expenses
Answer:
Estimated indirect costs allocation rate= $14 per direct labor hour
Explanation:
Giving the following information:
Estimated direct labor hours= 23,000
Estimated indirect costs= $322,000.
To calculate the allocation rate, we need to use the following formula:
Estimated indirect costs allocation rate= total estimated indirect costs for the period/ total amount of allocation base
Estimated indirect costs allocation rate= 322,000/23,000
Estimated indirect costs allocation rate= $14 per direct labor hour
