How and when are special journals posted

Assignment Help Accounting Basics
Reference no: EM132945638

Problem 1: How and when are special journals posted?

Select one:

a. Totals are posted at the end of the period (usually month) to the subsidiary ledger

b. Credit sales and purchases are posted daily to the subsidiary ledger

c. Totals are posted at the end of the period (usually month) to the general ledger

d. both b) and c)

Reference no: EM132945638

Questions Cloud

How does american social environment affect healthcare : For your Unit 2 Complete assignment write a narrative essay (minimum 1500 words) in which you address and discuss the questions and statements listed below with
Calculate the cost of the ending inventory : Calculate the cost of the ending inventory and cost of goods sold under FIFO. In its first month of operations, Sheridan uses a periodic inventory system.
How does the selected organization promote human flourishing : What do you consider as, potentially, the most important elements when working to improve an organization's competitive advantage and create value
What is the at-risk limitation : What is the at-risk limitation? What gave rise to the law change creating the rules that implement the at-risk limitation? Who is impacted by these rules?
How and when are special journals posted : How and when are special journals posted? Totals are posted at the end of the period (usually month) to the subsidiary ledger.
Examines an issue specific to the black community : What it will take for African Americans to be freed from racism and inequality - A statement and rebuttal of differing opinions on the issue
Explain the specifics of biden proposed plan : Explain the specifics of Biden's proposed plan regarding the corporate tax rate. The Tax Cuts and Jobs Act of 2017 ("the Act") reduced the corporate tax rate
Identify main account of accounts for asx company : The ASX company Bijou Electronics have reported sales problems. Identify the main account or groups of accounts that could be impacted and give reasons
What amount of consignment sales revenue reported by regal : Regal Appliances consigned 60 television sets to Gal Company on January 1, 2020. What amount of consignment sales revenue should be reported by Regal?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd