The list of balances in all the accounts remaining after the income and expense accounts have been
Question:
The list of balances in all the accounts remaining after the income and expense accounts have been closed by transfer of their balances to the Statement of income is called:
(a) The List of balances
(b) The Trial Balance
(c) The Statement of financial position
(d) Statement of affairs
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
c The S...View the full answer
Answered By
Santosh Kumar
I am deeply committed in research and published 20 research papers, article and chapters in international peer reviewed journals indexed in Scopus, ABDC etc. I have presented papers in national and international conference. I have organized 2 national conferences and workshop on Data Analysis techniques for decision Making using Statistical Software Tools. I got chance to attained FDP on Dynamic teaching through behavior management. Member of review committee and editor team of many journal of repute.
I worked with the best companies of Indian financial industry ICICI bank Ltd and Reliance Capital as Manager in Mumbai area along with foreign assignment.
I have acquired many professional certificate, Financial analytics from Wharton University of Pennsylvania, Understanding Financial market from University De Geneve, Global Financial Markets and Instruments from Rice university, Google Ad word analytics from Google, IIBF-certificates (Indian Institute of Banking and Finance) AMFI- Certified (Association of Mutual Fund in India), IRDA –Certified ( Insurance Regulatory Development Authority) and O- Level Certificate in SOFTWARE from “DOEACC” are some of them. I am thrilled and very happy to work for this position because my experience and mission perfectly matches.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Question Posted:
Students also viewed these Business questions
-
Question 1 This question has two parts, (A) and (B). Answer both parts. 100% Liverpool plc is a company that manufactures a number of different types of electrical goods and has a year end of 31...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Write a program that takes as command-line arguments the name of an image file and the pixel coordinates of a rectangle within the image; reads from standard input a list of Color values (represented...
-
Given FR height = FE length, find each missingquantity. FR FE Height of Plane 3.40 cm 13.2 in. Length of Plane . 20.0N 2. 9800 N 5.30 N 2340 N cm 3.79 m 74.0 in. 3.79 m 112 cm 119 lb lb 4 5. 3700 N...
-
Classify each of the following balance sheet accounts as a current asset, non-current asset, current liability, or non-current liability. Briefly explain your classification: a. inventory b. accounts...
-
What strategic challenges do you think Brian France faces as he guides his company? Using what you know about managing strategically, how might he respond to these challenges? LO1
-
Falcon Corporation, a calendar year taxpayer, is a deepwater offshore drilling company that is planning to sell drilling equipment that it no longer needs. The drilling equipment has an adjusted...
-
Which of these countries as an absolute Monarchy? Swaziland Comoros O Morocco O Lesotho
-
Which of the following statements is correct: A Statement of financial position reports: (a) How well off a business is as at that date (b) The wealth of the one owning the business (c) The assets...
-
Every business prepares its annual financial statements using the balance/balances in (a) All accounts in the ledger and the balance in the Cash account (b) In the Cash Book (c) The Trial Balance (d)...
-
Describe the various methods for controlling extraneous sources of variation.
-
The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co.: Salaries: Sales salaries Deductions: $180,000 Income tax withheld $65,296...
-
You have just been hired as the chief executive officer (CEO) in a medium-sized organization. The organization is not suffering financially, but neither is it doing as well as it could do. This is...
-
The following is the selling price and cost information about three joint products: X Y Z Anticipated production 1 2 , 0 0 0 lbs . 8 , 0 0 0 lbs . 7 , 0 0 0 lbs . Selling price / lb . at split - off...
-
calculate the maximum bending compressive stress of the following section under NEGATIVE bending moment of 216KN.m. 216mm 416mm 316mm 115mm
-
Need assistance with the following forms: 1040 Schedule 1 Schedule 2 Schedule C Schedule SE Form 4562 Form 8995 Appendix B, CP B-3 Christian Everland (SS number 412-34-5670) is single and resides at...
-
A 22,000-kg airplane lands with a speed of 64 m/s on a stationary aircraft carrier deck that is 115 m long. Find the work done by nonconservative forces in stopping the plane.
-
Describe the Operations (+,,*,/) that can cause negligible addition (NA), error magnification (EM), or subtractive cancellation (SC) in calculating ?((x^2)+1) - x . Give the range of where they might...
-
Journal entries for borrowing Sappi Limited, a South African paper company, reports non-current Interest-Bearing Borrowings of $1,634 million at September 30, 2006. Sappi Limited applies IFRS, and...
-
Journal entries related to the income statement. Toyota Motor Company (Toyota), the Japanese car manufacturer, reported Sales of Products of 22,670 billion for the year ended March 31, 2007. The Cost...
-
Journal entries ri1atcd to the income statement Teva Pharmaceutical, an Israeli drug company, reported Net Sales of $9,408 million for the year ended December 31, 2007. Based on Teva Pharmaceuticals...
-
Provide a graph chart or data with sample numbers indicating Valuing Stocks and Bonds?
-
I just need help with part b. It says that the answer is not complete and some are wrong. So can you kindly fix it for me and give me the full answers as it says the answer is "not complete". Thank...
-
What is Coke's average ownership percentage in its equity method investments? Goodwill is 7000 Calculate the firm's current ratio (current assets/current liabilities). Calculate the current ratio...
Study smarter with the SolutionInn App