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Mila [183]
3 years ago
15

The post-closing trial balance helps to verify that: (Select all that apply.) Multiple select question. we prepared and posted c

losing entries correctly the accounts are ready for next period's transactions the company was profitable during the current period we prepared and posted adjusting entries correctly
Business
1 answer:
Artyom0805 [142]3 years ago
4 0

It can be deduced that the post-closing trial balance is important as it verifies that:

  • we prepared and posted closing entries correctly.
  • the accounts are ready for next period's transactions.

<h3>What is a trial balance?</h3>

A trial balance simply means the bookkeeping where the balance of all the ledgers are compiled.

The post-closing trial balance is important as it verifies that we prepared and posted closing entries correctly and that the accounts are ready for next period's transactions.

Learn more about trial balance on:

brainly.com/question/24696035

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Chi-Ling thought it would be best to put Connor in charge of making decisions for the accounting team and Manami in charge of ma
Dmitry_Shevchenko [17]

The aspect of analyzing teamwork is Chi-Ling using is authority differentiation. Thus the option 3rd is correct.  

<h3 /><h3>What is Authority?</h3>

Authority refers to the power access by the individual or the government over the others. The authoritative person can make the decisions regarding the various sectors and make his subordinates to work in his accord.

The Chi ling has divided the work of the accounting and marketing between his employees and made the head of the  department. Thus this concept of analyzing the teamwork is known as authority differentiation.

The authority of the both the employees Connor and Manami is well defines they both will looking after their filed and are free to take decisions on their department.

Learn more about teamwork here:

brainly.com/question/18869410

#SPJ1

5 0
2 years ago
A general partner is responsible for any debts of the partnership, regardless of whether he or she was directly involved in the
azamat

Answer:

True

Explanation:

A partnership is a type of business owned by two or more individuals known as partners. The partners join forces to exploits their talents and resources and profit from the business. A partnership may comprise of general and limited /silents partners.

The general partner participates in the day to day activities of the business. He or she makes business decisions on behalf of the partnership. Because a general partner is actively involved in managing the business, he has unlimited liability to its obligations. Should the partnership fail to meet its obligation, the assets of a general partner sold to settle the debts. He or she need not have been involved in creating the liability.

5 0
3 years ago
What is the movement of an economy from one condition to another and back again
pav-90 [236]

The business cycle is the movement of an economy from one condition to another and back again. The business cycle is also known as the economic cycle or trade cycle. This cycle represents the movement of resources from one end and their comeback at the same end after revolving. It can be understood as a businessman invests money in the business in the form of costs and the money comes back in the form of revenue or sales.


Hence the answer is the <u>Economic cycle</u>


3 0
3 years ago
If there is a federal budget surplus, then government revenues are greater than its expenditures.
faltersainse [42]
The statement above is true
6 0
3 years ago
Nicki paid $900 for a camera that she thought was worth $1100 for all the features included in it. for the consumer electronics
FinnZ [79.3K]

Consumer surplus is difference between the amount that consumers are willing and able to pay for a good or service

In this case, Nicki is willing to pay $1,100 for the camera, but she is only asked to pay 900. So Nicki has a consumer surplus of $200

7 0
3 years ago
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