(a) When do companies normally post to? (1) The subsidiary accounts and (2) The general ledger control...
Question:
(1) The subsidiary accounts and
(2) The general ledger control accounts?
(b) Describe the relationship between a control account and a subsidiary ledger.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
a 1 Transactions to subsidiary accounts are generally posted daily 2 In contrast posti...View the full answer
Answered By
Shem Ongek
I am a professional who has the highest levels of self-motivation. Additionally, I am always angled at ensuring that my clients get the best of the quality work possible within the deadline. Additionally, I write high quality business papers, generate quality feedback with more focus being on the accounting analysis. I additionally have helped various students here in the past with their research papers which made them move from the C grade to an A-grade. You can trust me 100% with your work and for sure I will handle your papers as if it were my assignment. That is the kind of professionalism that I swore to operate within. I think when rating the quality of my work, 98% of the students I work for always come back with more work which therefore makes me to be just the right person to handle your paper.
4.80+
174+ Reviews
426+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Accounting questions
-
Post the following entry to the general ledger and subsidiary ledger. GENERAL JOURNAL Post. Ref. Page 52 Date 20-- August 16 Sales Returns and Allowances Description Debit Credit 2 8 6 42 Accounts...
-
A customer account in the accounts receivable subsidiary ledger of Landon Old Company follows. Describe the three posted transactions. ACOB WAITS Balance Date Post.Rf. DebCredit Debit Credit Nov. 1 9...
-
A vendor account in the accounts payable subsidiary ledger of Frank Company follows. Describe the three posted transactions. LESLIE CARTER Balance Date Post. Ref. Debit Credit Debit Credit 1,800...
-
Consider the following graph. 2 7 6 C 10 10 H 11 E 12 15 14 (a). Find a minimum spanning tree of the graph using Kruskal's algorithm. List the edges in the order they are put into the tree. (b)....
-
On December 2, 2017, Miles executed and delivered to Proctor a negotiable promissory note for $1,000, payable to Proctor or order due March 2, 2018, with interest at 14 percent from maturity, in...
-
During a review of a non-issuers financial statements, accountants are required to make certain inquiries of management. Which of the following inquiries is not required by the SSARS? a. The basis...
-
Amounts owed for the purchase of inventory, goods, or services acquired in the normal course of business. True/false
-
Terminology, interpretation of statements 1. Calculate total prime costs and total conversion costs. 2. Compute total inventoriable costs and period costs. 3. Design costs and R&D costs are not...
-
(10 points) Consider the parametric curve given by = t+ In(t), y = 7t - 7 In(t) (a) Find dy/dax and day/ dax in terms of t. dy/dr = day/ dx2 = (b) Using "less than" and "greater than" notation, list...
-
To calculate the number of days in the holding period, a taxpayer should: a. Include the date of acquisition b. Exclude the date of disposition c. Exclude the date of acquisition d. Include the date...
-
What are the advantages of using subsidiary ledgers?
-
Identify and explain the four special journals discussed in the chapter. List an advantage of using each of these journals rather than using only a general journal.
-
These graphs represent air pollutant measurements taken at two different locations. Which location is indoors, and which is outdoors? Explain your answer.
-
What are the key differences between homogeneous and heterogeneous catalysis in terms of reaction kinetics, selectivity, and catalyst regeneration? How can microkinetic modeling be used to predict...
-
Recall that, in terms of total derivatives, the chain rule says roughly that [D(fog)] = [Df] [Dg] D(fog) = Dfo D or, as matrices Or, to be more precise, using matrices, it says the following:...
-
Problem C2.1 (): The capacitors shown right are both initially uncharged. The battery has V = 210 V and the capacitances are C 3 F and C = 6 F. (a) How much charge is drawn from the battery when the...
-
Governments can influence the exchange rate of their currencies. Justify (15 marks)
-
Explain the concept of sustainable urbanism, including its principles and strategies for creating cities that are both environmentally sustainable and socially equitable .
-
_____ are the analytical and quantitative skills, including in-depth knowledge of how the business works and of its budgeting and strategic-planning processes, that are necessary for a manager to...
-
Consider the following cash flows in Table P5.5. (a) Calculate the payback period for each project. (b) Determine whether it is meaningful to calculate a payback period for project D. (c) Assuming...
-
True OR False: Most computers typically fall into one of three types of CPU organization: (1) General register organization, (2) Single accumulator organization, (3) Stack organization.
-
(a) Explain the similarities and differences between standards and budgets. (b) Contrast the accounting for standards and budgets.
-
(a) Explain the similarities and differences between standards and budgets. (b) Contrast the accounting for standards and budgets.
-
(a) Explain the similarities and differences between standards and budgets. (b) Contrast the accounting for standards and budgets.
-
E 2 - 4 ( Algo ) Determining Financial Statement Effects of Several Transactions LO 2 - 3 The following events occurred for Johnson Company: a . Received investment of cash by organizers and...
-
An accrual - based income statement for the year is as follows: WATERWAY DESIGNS LTD . Statement of Income Year Ended December 3 1 , 2 0 2 4 Revenues Fees Earned $ 1 7 3 , 7 3 0 Expenses Salaries...
-
Early in 2 0 2 1 , Robbinsville Press was organized with authorization to issue 1 0 0 , 0 0 0 shares of $ 1 0 0 par value preferred stock and 5 0 0 , 0 0 0 shares of $ 1 par value common stock. Ten...
Study smarter with the SolutionInn App