Posting:a. involves transferring the information in journal entries to the general ledger.b. is an optional step in the accounting cycle.c. is performed after a trial balance is prepared.d. involves transferring information to the trial balance.

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A:  The accounting equation is the base to record the financial transactions that are to be posted in f...

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A: Intellectual property or intangible property means something which is not in a physical form but is ...

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A: A flexible budget refers to the form of the budget which reflects different volumes of sales and the...

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A: Given: Direct material costs $1,000 Direct labor costs $1,500 Actual overhead $1,980 Machin...

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A: Net Present Value=(Present Value of Cash Inflows-Present Value of Cash Outflows)

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A: Lets understand the basics. When partner withdraw from the partnership then he must be paid his bala...

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A: Law firm is a firm of advocates which provides the service of law. Piggery is a farm or place where ...

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A: Retained earning means the amount of profit that has not been distributed to shareholder as divided....

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A: Retained earnings balance can be calculated by adding up net income and deducting dividends paid fro...

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A: Normally dividend in form of stock is to be issued when company has less cash reserves.   

Q: double-entry bookkeeping system which of the following may be used as basis for ecognizing income an...

A: Double entry bookkeeping system is the system of accounting in which every transaction has effect on...

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A: Stockholders are the Persons of entities whom the company issues its ownership rights in the form of...

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A: Solution 1:           Sales Budget - Iguana Inc.   Particulars April May June 2nd Quarter Total ...

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A: iv. Degree of Operating Leverage = Contribution Margin / Operating Profit v. Estimated % Change in O...

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A: Asset refers to any resource which is owned or controlled through the business and it is anything th...

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A: In order to determine the Breakeven point, The fixed cost is required to be divided by the contribut...

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A: Answer:-1 Report indicating the appropriate accounting treatment:-  Journal entry:-  Date Particu...

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A: Operating segments refer to component of the firm. These segments have discrete revenues and expense...

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A: some times companies repurchase its own shares to prevent the dilution of the ownership of the compa...

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A: Answer) KORBIN COMPANY Common -Size Comparative Income Statements For the Years Ended De...

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A: Formula: Profit margin = ( Net income / Net sales ) x 100

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Q: 28 Total sleep time of college students. In Example 4, the total sleep time per night among college ...

A: Solution:- Given, Mean μ = 6.78 hours  Standard deviation σ = 1.24 hours SRS of size n = 150     

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A: Balance day adjustment reflects the adjustment in certain accounts for unrecorded revenue and expens...

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A: Introduction: Income statement: All revenues and expenses are shown in Income statement. It tells th...

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A: Variable cost: Variable cost is one of the component of total cost that variates with the change in ...

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A: LIFO stands for the last in first out, it is a method of valuing the inventory which the company is ...

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A: Stock dividend is the amount of dividend which is distributed in the form of shares or stock. It inc...

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A: Solution Ending inventory is the amount of the inventory which is not sold during a financial year a...

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A: Stock splitting is a process associated with reducing the face value of the stock for cut the market...

Q: Dan make on the sale (e

A: Given: 200 shares of a stock=P140  the stocks at P145.50

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A: Shares: Shares represents the company's ownership in stock comprising of both common and preference ...

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A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...

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A: Under absorption costing, both fixed cost and variable costs are considered for product costing and ...

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A: Formula: Debt to assets ratio = ( Total liabilities / Total assets ) x 100

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A: Bank Reconciliation Statement refers to the final financial report made to match the company financi...

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A: The answer is stated below:

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A: Direct material refers to the physical components that make up a product. A baker's direct materials...