Why could the balance of the controlling account, Accounts Payable, equal the sum of the accounts payable
Question:
Why could the balance of the controlling account, Accounts Payable, equal the sum of the accounts payable subsidiary ledger during the month?
Accounts PayableAccounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
Its a quest...View the full answer
Answered By
Hemstone Ouma
"Hi there! My name is Hemstone Ouma and I am a computer scientist with a strong background in hands-on experience skills such as programming, sofware development and testing to name just a few. I have a degree in computer science from Dedan Kimathi University of Technology and a Masters degree from the University of Nairobi in Business Education. I have spent the past 6 years working in the field, gaining a wide range of skills and knowledge. In my current role as a programmer, I have had the opportunity to work on a variety of projects and have developed a strong understanding of several programming languages such as python, java, C++, C# and Javascript.
In addition to my professional experience, I also have a passion for teaching and helping others to learn. I have experience as a tutor, both in a formal setting and on a one-on-one basis, and have a proven track record of helping students to succeed. I believe that with the right guidance and support, anyone can learn and excel in computer science.
I am excited to bring my skills and experience to a new opportunity and am always looking for ways to make an impact and grow as a professional. I am confident that my hands-on experience as a computer scientist and tutor make me a strong candidate for any role and I am excited to see where my career will take me next.
5.00+
8+ Reviews
22+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
Question Posted:
Students also viewed these Business questions
-
Wise Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30). Apr. 2 Purchased $13,300 of merchandise on credit from Negi Company,...
-
Alcorn Industries completes these transactions during July of the current year (the terms of all its credit sales are 2/10, n/30). July 1 Purchased $6,300 of merchandise on credit from Tahoe Company,...
-
Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30). Apr. 2 Purchased $ 14,300 of merchandise on credit from Noth Company,...
-
Suppose a single 802.11n client is connected to an 802.11n access point and there is no other client or access point in the neighborhood. The client senses the medium, then sends a 2000-Byte frame,...
-
Using the curved-arrow notation, fill in the details for base-catalyzed mutarotation of glucopyranose. Begin by remwing a proton from the hydroxy group at carbon-1.
-
The matrices are all nn. Each part of the exercises is an implication of the form If statement 1, then statement 2. Mark an implication as True if the truth of statement 2 always follows whenever...
-
To what extent can all the characteristics of useful information listed in Table 1-1 be simultaneously met? Table 1-1 Characteristics of Useful Information Relevant Reliable Complete Timely...
-
The following costs were incurred in February 2010 by Container Corp., which produces customized steel storage bins: The balance in Work in Process Inventory on February 1 was $16,800, which...
-
a. Differentiate in detail between downsizing and rightsizing. b. Discuss in detail the role of Human Resources Manager in - (1) downsizing (2) rightsizing....
-
It is October 16, 2014, and you have just taken over the accounting work of China Moon Products, whose annual accounting period ends October 31. The company's previous accountant journalized its...
-
What is the normal balance of each creditor in the accounts payable subsidiary ledger?
-
What purpose could a typical invoice approval form serve?
-
Kemp Co. has delivery equipment that cost $50,000 and has been depreciated $24,000. Instructions Record entries for the disposal under the following assumptions. (a) It was scrapped as having no...
-
You are the Special Assistant to the President of the United States. He has asked you to write a briefing' paper on a topic related to American Government. The topic can be taken from a newspaper...
-
Brief description of the following: What is calculus? What is limits? What is average rates of change? What is instantaneous rate of change? What is derivatives?
-
As stated in a class handout on the strategy of competition and cooperation that is posted in Module 9: "Economists have a simple view of cooperation and conflict: People tend to cooperate when they...
-
Wayne Co. has the following Income Statement (in millions): Wayne Co. Income Statement For the Year Ended December 31, 2023 Net Sales $160 Cost of Goods Sold 100 Gross Profit 60 40 $ 20 Operating...
-
Discuss the conditions of taking out a loan with the IMF or World Bank- there are specific things a country must do- detail them Why were the Jamaican farmers (vegetable/dairy/banana) unable to...
-
Explain how the peritubular capillaries are adapted for receiving reabsorbed substances.
-
You are a Loan Officer with an Investment Bank. Today you need to set your lending parameters. They are: LTV: 55% 10 Year T-Bill: TBD Rate Markup: 300 Basis Points Term: 30 Years Amortization: 30...
-
If you earned $130,000 this year, you would pay more OASDI and Medicare than your partner who earned $75,000. Do you agree or disagree? Please provide calculations to support your answer.
-
If you earned $130,000 this year, you would pay more OASDI and Medicare than your partner who earned $75,000. Do you agree or disagree? Please provide calculations to support your answer.
-
Calculate the total wages earned (assume an overtime rate of time and a half over 40hours). Employee Karen Blaclk Peter Rogers Hourly Rate $14 $12 No. of Hours Worked 30 50
-
Assume that a lender offers a 30-year, $158,000 adjustable rate mortgage (ARM) with the following terms: Initial interest rate = 7.5 percent Index = one-year Treasuries Payments reset each year...
-
Suppose that a trader writes three naked put option contracts, with each contract being on 100 shares of underlying stock. The option price is $3 on each share, the time to maturity is six months,...
-
Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses. The fence product comes in 150- foot rolls and sells for $215...
Study smarter with the SolutionInn App