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
aleksley [76]
2 years ago
6

Once the adjusting entries are posted, the adjusted trial balance is prepared to a. verify that the debits and credits are in ba

lance b. verify that the net income (loss) is correct for the period c. verify the correct flow of accounts into the financial statements d. verify that the net income correctly flows into the statement of stockholders' equity from the income statement
Business
1 answer:
lbvjy [14]2 years ago
6 0

Answer:

a. verify that the debits and credits are in balance

Explanation:

A periodic system of inventory can be defined as a method of financial accounting, that typically involves updating informations about an inventory on a periodic basis (at specific intervals) as the sales or purchases are being made by the customers, through the use of either an enterprise management software applications or a digitized point-of-sale equipment.

On the other hand, a perpetual inventory system is a type of inventory management that continuously records in real-time the amount of inventory sold or purchased through the use of enterprise software or technological software applications such as a point of sale (POS).

A journal entry involves the process of keeping the records of business transactions made by an organization.

The journal entry is used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.

In Accounting, most businesses use a double-entry account system and as such, the total amount debited must equal the total amount credited in a journal entry.

Once the adjusting entries are posted, the adjusted trial balance is prepared to verify that the debits and credits are in balance.

You might be interested in
What is an example of a flame?
Dafna1 [17]

The answer is C , I just took the test

5 0
3 years ago
Read 2 more answers
Some companies have been accused of taking advantage of the current social trend of green marketing, positioning their products
jek_recluse [69]

Answer:

greenwashing

Explanation:

Greenwashing -  

It is the process , where the company spends more amount of time and monetary value on marketing the company as environmentally friendly , rather than decreasing the impact on environment , is referred to as greenwashing.  

It is basically a advertising stunt , in order to mislead the consumers , who buys the products just because the product is environmentally friendly.

Hence, from the question ,  

the practice performed by the company is greenwashing.  

4 0
2 years ago
Q: In about 200 words, write an essay analyzing the STEEPLE Module .
Kaylis [27]

The STEEPLE model is a very complete model that can be used to analyze the factors that affect a specific situation.

<h3>What is the STEEPLE model?</h3>

This is an analysis model in which each letter represents a factor to be analyzed:

  • Social
  • Technology
  • Economic
  • Environmental
  • Political
  • Legal
  • Ethical

<h3>What is an example of this model?</h3>

Let's analyze a war between two countries:

  • Social: The families are negatively affected by the war.
  • Technology: Weapons and other technologies are used as part of the war.
  • Economic: The economy of the countries involved and other nearby countries can be negatively or positively affected.
  • Environmental: There is pollution due to waste derived from weapons.
  • Political: Most wars are the result of political conflicts.
  • Legal: There are specific international rules that regulate wars.
  • Ethical: The use of weapons against a population rises ethical concerns and dilemmas.

Learn more about analysis in: brainly.com/question/5040600

4 0
2 years ago
Why doesn’t a change in the price of eggs cause a change in the demand for eggs?
FromTheMoon [43]
Supply and demand changes the price of eggs
6 0
3 years ago
You are the executive director of a nonprofit that runs an animal shelter and animal services, such as low-cost spay/neuter prog
KonstantinChe [14]

Answer:

I will:

b) Hold meetings with employees, volunteers, and representatives of other local shelters and listen carefully as they brainstorm ideas.

c) Honestly acknowledge the challenges the organization faces while also communicating optimism about finding the resources to fulfill your mission.

Explanation:

a) Withholding information about the organization's financial picture will not make employees to be loyal.  They are likely to find out the true position sooner than later.  If information is withheld and they find out later, they would never be loyal.  They would certainly leave the organization before financing is found for the organization sustenance.

b) Deceiving people by staying in the office and maintaining a "poker face" is not an option either.  "Poker face" cannot last forever.  One day, the true picture will show on the face.  Deception is not an art for business progress.

8 0
3 years ago
Other questions:
  • You produce clothing, and the price of cotton just increased by a lot. As a result, you will most likely _____ your prices.
    5·2 answers
  • Which reasons can be fixed by having a money plan?
    15·1 answer
  • Jared is a retail store employee. He is responsible for ensuring that the inventory requested from the manufacturer arrives as o
    14·1 answer
  • The companny is funded by a government grant miguel works for a
    7·1 answer
  • A perfectly competitive market helps ensure that the products produced are the goods that consumers want. this demonstrates the
    6·1 answer
  • What is an economic system
    6·2 answers
  • 1. Lily operates a gift shop and has a lot of inventory to manage. She counts inventory once every 4 weeks. Preparing and placin
    15·2 answers
  • West Corp. issued 14-year bonds 2 years ago at a coupon rate of 9.8 percent. The bonds make semiannual payments. If these bonds
    6·1 answer
  • Plano Co. 12/31/2021
    15·1 answer
  • When her company's component parts were delivered late for the second time in a month, Brigitte withheld payment from her suppli
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!