The audit working paper that reflects the major components of an amount reported in the financial statement is the Lead Schedule.
<h3>What is the Lead Schedule?</h3>
- A working document known as a lead schedule lists the specific general ledger accounts that make up a line item in the financial statements.
- The sum for the related line item in a client's financial statements should match the number on the lead schedule.
- The general ledger (GL) accounts that are present in each financial statement line item and note disclosure are listed in a lead schedule.
- Each line item or group of related line items on the financial statement would typically have its lead schedule. The final balance in the financial statements and the sum on the lead schedule should match.
- The lead schedule gives a list of the contents of each line item. This is a useful starting place for your records.
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To find the unit rate you will take the price Jerry paid and divide it by the amount in pounds of pears.
Unit rate = $4.59/5.4 lb
Unit rate = $0.85
You can check your answer by multiplying the amount of pears Jerry purchased by the unit price to get the total price.
(5.4 lb of pairs)($0.85) = $4.59
Answer:
15. A - Net Loss
Rest of the questions are bad quality, take a better picture.
Explanation:
Answer:
Answer is option C, i.e. is a list of all accounts and their balances after closing entries.
Explanation:
A post-closing trial balance is the third and last type of trial balance that contains a list of all the accounts that have been created and also all the balances even after the closing entry has been made. This is made after the closing entries have been made in the journal and posted to the ledger.
