Sales revenue account on the post-closing trial balance

Assignment Help Accounting Basics

Reference no: EM13133020

If the new clerk in the accounting department insists on including the sales revenue account on the post-closing trial balance, would you agree? Why, or why not?

Reference no: EM13133020

Questions Cloud

Financial statements for a for-profit business : How does the audit opinion given to a city by its independent auditors differ from the audit opinion rendered on the financial statements for a for-profit business?

How much heat is needed : How much heat is needed to convert 10.0 g of ice at -25.0ºC to water at 80.0ºC?

Find probability that fish is exactly on level of accuracy : What is the probability that a fish is *exactly*, *precisely* to any level of accuracy or measurement, 12.0 inches long?

Vector space value functions : Confirm that (C ([a, b]) , II·II infinity ) where II f II infinity= max I f (x) I a

Sales revenue account on the post-closing trial balance : If the new clerk in the accounting department insists on including the sales revenue account on the post-closing trial balance, would you agree? Why, or why not?

Draw the structure of caffeine : Draw the structure of Caffeine. Skeletal form only. Locate 2 bonds in the molecule that are obviously polar covalent.

How much energy is released : How much energy is released during the complete combustion of 372 grams of cyclohexane ?

Vectors-resultant and angle : Two forces of 255 N and 325 N act on an object. The angle between the forces is 64 degree. Find the magnitude of the resultant and the angle that it makes with the smaller force.

Cash in a tax-free transaction : Jastoon Co. acquired all of Wedner Co. for $588,000 cash in a tax-free transaction. On that date, the subsidiary had net assets with a $560,000 fair value but a $420,000 book value and income tax basis.

Reviews

Write a Review

Required(*) Message

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!

Submit Assignment

User Account

All Pages