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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.

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bcoz God has given us everything

Explanation:

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7 0
3 years ago
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nadezda [96]

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if there is more and more of something, it has less demand

Explanation: hope this helps!

6 0
2 years ago
Read 2 more answers
Individuals frequently purchase products thought to be used by a desired group in order to achieve actual or symbolic membership
artcher [175]

Answer:

aspiration reference group

Explanation:

Aspiration reference group -

It refers to as one of the bifurcation of the reference group , where the person whom a person looks forward to be associated , but does not belong , is referred to as the aspiration reference group .

A reference group is the one which the individual or any specific group want to get associated .

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The correct answer is aspiration reference group .

5 0
3 years ago
Max Weber argued that formal organizations were efficient, but he cautioned that they can have harmful effects on people. As he
baherus [9]

Answer:

Organization create alienation

Explanation:

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In this case, As he saw it, the danger is Organization create alienation.Organization create alienation do occur in an organization where the workers/Employees of the organization and the organization herself have different views. This when employees is with aims/expectations concerning the organization, but in this scenario the organization has something different such as centralization of authority.

Whenever there is alienation in particular workplace, people become meaningless and powerless.

4 0
3 years ago
Cash equivalents:______.
Rina8888 [55]

Answer:

C. Are readily converted to a known cash amount.

Explanation:

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