Which will result in an out-of-balance trial balance

Assignment Help Financial Accounting
Reference no: EM132739377

Problem 1: The three forms of business entities are:

a. Proprietorships, small businesses, and partnerships

b. Proprietorships, partnerships, and corporations

c. Proprietorships, partnerships, and large companies

d. Financial, manufacturing, and service companies

Problem 2: Which of the following will result in an out-of-balance trial balance?

a. A journal entry was not posted

b. A journal entry has overstated both debit and credit columns by equal amounts

c. A transaction was not recorded

d. A debit entry was posted to the credit side of the correct ledger account

Reference no: EM132739377

Questions Cloud

Which going concern assumption means that : Which Going concern assumption means that? The business has no known intent of curtailing normal operations. / The business is making a satisfactory amount
Why the implementation success rates have been limited : Lean management and quality management have brought powerful ideas to organisations in the past 30 years, yet their implementation success rates have been low.
What the purpose of the post-closing trial balance is to : What the purpose of the post-closing trial balance is to? Ensure that the ledger is in the balance for the start of the next period.
Define human resource management : Define human resource management. Explain how human resources (HR) serves as a strategic business partner? Explain the human resource planning process.
Which will result in an out-of-balance trial balance : Which will result in an out-of-balance trial balance? A journal entry has overstated both debit and credit columns by equal amounts
Does assertion helps retain high caliber employees : Does the assertion that merit pay helps retain high caliber employees give with Maslow's assertion that once survival needs are met, other.
Which is not a step in the accounting process : Which is not a step in the accounting process? Which of the following transactions will increase the total assets of the business?
Which is not a required component of financial statements : Which is not a required component of financial statements? President's letter to shareholders. / Statement of Financial Position.
Determine the amount of the ending inventory : Swifty Corporation uses the lower-of-cost-or-net realizable value basis for its inventory. Determine the amount of the ending inventory

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!

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