User Account

All Pages

What is the difference between the journal and the ledger

Assignment Help Financial Accounting
Reference no: EM132899809

Question 1: The process of transferring information from the journal to the ledger is known as:

Option 1: Posting

Option 2: Forwarding

Option 3: Opening an account

Option 4: Journalizing

Question 2: What is the difference between the journal and the ledger?

Option 1: Journal shows account balances, ledger shows transactions.

Option 2: The way the date is recorded.

Option 3: Journal shows transactions, ledger shows account balances.

Option 4: There is no difference, they are the same.

Question 3: The process of continuing an account on a new page by carrying all relevant information from the completed page:

Option 1: Opening an account

Option 2: Journalizing

Option 3: Forwarding

Option 4: Posting

Reference no: EM132899809

Questions Cloud

Diversification benefits that domestic sectors : Globalization is supposed to provide diversification benefits that domestic sectors in US can not.
Business proposals and charity proposals : Proposals also fall into two broad categories in terms of their nature: business (or sales) proposals and charity proposals.
Tell a compelling story using data visualisation : Tell a compelling story using data visualisation. What story you tell is up to you. The constraints for telling the story are detailed
What is a good 1 minute lobbying plan elevator pitch : What is a good 1 minute lobbying plan Elevator pitch for an mental health organization?
What is the difference between the journal and the ledger : What the process of transferring information from the journal to the ledger is known as? What is the difference between the journal and the ledger?
How long will it take to walk the two miles : She makes the walk in 7 1/2 minutes. At the same rate, how long will it take her to walk the two miles from her home to her office?
What is the purpose of cross-referencing : What is the purpose of cross-referencing? Entries in the journal can be followed through to the ledger./ Makes it easy to trace back to the general journal.
Describe the elements of lewin force field analysis : Describe the elements of Lewin's Force Field Analysis. Why is it important for a manager to understand the forces?
Predictive analytics with prescriptive-descriptive analytics : Discussion: Compare and contrast predictive analytics with prescriptive and descriptive analytics. Use examples.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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