What is globalization in business.

A trial balance will not balance if a. a journal entry is posted twice. b. a wrong amount is used in journalizing. c. incorrect

svet-max [94.6K]

Answer:

d. a journal entry is only partially posted.

Explanation:

a. a journal entry is posted twice

This will lead to incorrect account balance, but the accounts will balance.

Because we are repeating a correct entry twice, so it will not make the trial balance not balance.

EXAMPLE

inventory 100 debit

cash 100 credit

inventory 100 debit

cash 100 credit

b. a wrong amount is used in journalizing

Similar as before, the accounts are being increased or decreased for a different amount than it should be. But this do not generate any trouble in the trial balance.

EXAMPLE

inventory 80 debit

cash 80 credit

c. incorrect account titles are used in journalizing

using a diferent name will generate impact on another account, the debit and credit imapct will be the same anyway, it will not affect the balance

EXAMPLE

Inventory 80 debit

Taxes payable 80 credit

d. a journal entry is only partially posted.

in this case, the entry is not balanced, generating a difference in total debit and credit.

EXAMPLE

Inventory 80 debit

We are not posting anything on credit, this is not in balance

4 0

3 years ago

Which of the following describes a position trade? A. Buying a security into inventory directly from a customer with a mark-down

mylen [45]

Answer:

B. After receiving a buy order from a customer, the dealer then purchases the stock into inventory and resels to the customer

Explanation:

Position trade has to do with anticipating an increase in market price by purchasing some stocks for keeps such that one sells when prices are higher.

In another sense, it is purchasing stocks when one is certain of selling them such purchasing based on existing client's demand for the stock as contained in option B.

4 0

3 years ago

The following financial statement information is from five separate companies:

Liono4ka [1.6K]

Answer:

Company A , 1 amount of equity No information provided 2. $6,000 3 Amount of liabilities $ 5,000 ,Company B 1. Amount of equityNo information provided 2. Amount of equity $1,400 3. Statement of owners Equity for 2012 No information provided statements of owners Equity for 2013 $1,400, Company C 1. Asset ? 2. Statement of owners Equity for 2012 No information provided Statements of owners Equity owners investment $9,750, Net income $14,000 company D 1. Statement of owners Equity for 2012 No information provided 2. Statement of owners Equity for 2013 Net income $14,000, company E 1. Amount of liabilities $70,000 2. Statement of owners Equity for 2012 No information provided, Statement of owners Equity for 2013, owners investment $6,500, Net income $20,000

Explanation:

Company A

1 ?

2$6,000

3 Net income 8,500

Less cash withdrawal 3,500

---------

5,000

------------

Company B

1 ?

2 $1,400

3 ?

Statement of owners Equity for 2012 No information provided

Statement of owners Equity for 2013 owners investment $1,400

Company C

1 Asset ?

2 statement of owners Equity for 2012 No information provided

Statement of owners Equity for 2013

$

Owners investment 9,750

Net income. 14,000

Company D

1 Owners investment ?

2 statement of owners Equity for 2012 No information provided

3 statement of owners Equity

Net income $14,000

Company E

1 Liabilities for company E $70,000

2 statement of owners Equity for 2012 No information provided

Statement of owners Equity for 2013

Owners investment $6,500

Net income $20,000

8 0

3 years ago

6. Godiva & Company was recently formed with a $5,000 investment in the company by stockholders. The company then borrowed $

eduard

Answer:

Godiva& amp Company $

Cash(capital) 5,000.00

Cash(loan) 2,000.00

Inventory 1,000.00

Equipment 5,000.00

Cash(payment for equipment (2,000.00)

Total Assets 11,000.00

Explanation:

The approach I took in computing total assets for the company was to reflect the impact of each transaction on the asset of the company ,where asset increases is a positive figure and negative when it reduces for instance payment of $2000 in respect of equipment purchase.

4 0

3 years ago

It is okay if your goal is not clear because you will be able to define it along the way. true or false

balandron [24]

False. You want all of your goals to be clear

6 0

3 years ago

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