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natta225 [31]
3 years ago
15

By comparing subsidiary accounts to schedules of accounts payable, an

Business
1 answer:
Stolb23 [73]3 years ago
6 0

A comparison of the subsidiary accounts to the schedules of accounts payable will help the accountant to <u>A. prove the accounts payable accounts at the end of a period.</u>

<h3>What is a Subsidiary Account?</h3>

A subsidiary account tracks the information of certain transactions in detail. Some of the most important subsidiary accounts include accounts receivable and accounts payable.

Thus, by comparing the subsidiary accounts to the schedules of accounts payable, an accountant proves the existence and completeness of the accounts payable balance at the end of a period.

Learn more about subsidiary accounts here: brainly.com/question/4656883

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Michelle Darby receives cash from customers. Her other assigned job is to post the collections to customer accounts receivable.
sergejj [24]

Answer:

Seperation of duties

Explanation:

Separation of duties also known as segregation of duties is a theory that prevents assigning of responsibility to a single individual for the procurement of assets, their custody, as well as the the associated record keeping. Take for example, one individual can make an order to purchase an asset, but another different individual must be responsible for recording the transaction in the accounting records.

By separating duties, it becomes very hard to carry out fraud, since at least two individuals must work together to do so, which is very likely than if one individual is the one in charge of all parts of an accounting transaction.

4 0
4 years ago
What information are you looking for when you assess a guest?
natulia [17]
People who patronized liquor sellers are called guests. Before those people can be served, the bar man has to decide whether to sell drinks to them or not. Some factors that make one unqualified to buy drinks include: under-age, intoxication, pregnancy, etc. So, the bar man has to assess the guest and decide whether to sell to him or not. Thus, when you are assessing a guest, you are: considering the age of that person, you are determining whether the customer is already drunk, you are checking if the customer is pregnant, if female, etc. When you are assessing a guest, you are getting information about the behavior of the guest.
3 0
4 years ago
Which of the following financial packages has the lowest total cost to the student?
Bezzdna [24]
A. Because grants and scholarships are free money and loans have to be repaid. 25% is the lowest amount of loans
3 0
4 years ago
Read 2 more answers
Which of the following is a limitation of a process layout?
ki77a [65]

Answer:

b. It has higher worker skill requirements.

Explanation:

In a process layout or functional layout, all machines and equipment of same functional use or type are placed in a particular and distinct department from machines and equipments of different functional use or type. In simple words, one type of machines are placed in a different space together. For instance, welding machines are together placed in welding department, grinding machines and equipment are placed in grinding department and so on.

Process layout uses the equipments and machines that are already within the process, it just places it differently and no specialized equipment are needed.

Machines and equipments require high and long term investments and the machines and equipments used in process layout are exactly the same.

7 0
4 years ago
Fiat money has an alternative use as an economic good, while commodity money did not. True or false
Drupady [299]

Answer:

False

Explanation:

Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects having value or use in themselves (intrinsic value) as well as their value in buying goods.

Fiat money is a currency without intrinsic value that has been established as money, often by government regulation. Fiat money does not have use value.

4 0
4 years ago
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