Explain how posting to the general ledger can simplify financial reporting.
Question:
Explain how posting to the general ledger can simplify financial reporting.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Business And Personal Finance Kid S Kits My Money Money Talk For The Young And Savvy
ISBN: 978-0078684159
1st Edition
Authors: Mcgraw Hill Education
Question Posted:
Students also viewed these Business questions
-
Based at the following resume write a cover letter to join an international bank in Africa through referral Work Experiences: Aeromag 2000 Accountant January 2015 to Present Supervision of Staff...
-
Posting to the General Ledger Determine the accounts and amounts for a general ledger entry. General Journal Page 1 Date Account & Explanation P.R. Debit Credit Jan 25 Accounts Payable 201 $500 Cash...
-
The customer billing and collection functions of the Trinity Company, a small paint manufacturer, are attended to by a receptionist, an accounts receivable clerk, and a cashier who also serves as a...
-
The Chicago Omni Hotel is a 750-room luxury hotel offering guests the finest facilities in downtown Chicago. The hotel is organized into four departments: lodging, dining, catering, and retail...
-
The data on the lengths of anacondas on the front piece of the chapter yield a 95% confidence interval for the population mean length of all anaconda snakes in the area of the study. (a) Is the...
-
Calculate the taxpayers 2021 qualified business income deduction for a qualified trade or business: Filing status: Taxable income: Net capital gains: Qualified business income (QBI): W-2 wages: a....
-
Show the parity (13.30). Show that a payer swaption and a receiver swaption (with identical terms) will have identical prices, if the exercise rate of the contracts is equal to the forward swap rate...
-
Considering the stress concentration at point A in the figure, determine the maximum normal and shear stresses at A if F = 200 lbf. .y 2 in 0 12 in I-in dia. g-in R. 2 in 1-in dia. 15 in 1-in dia.
-
Answer the next questions based upon this information: You have a client whose annual salary is $50,000. Federal, State, and Local taxes are 10% of Adjusted Gross Income (AGI) 1. How much is the...
-
Describe a trial balance.
-
Explain the rules of debit and credit.
-
In Fig. 27.26, take ? 0 = 12 V, R = 2.7 ?, and L = 20 H. Initially the switch is in position B and there?s no current anywhere. At t = 0 the switch is thrown to position A, and at t = 10 s it?s...
-
A production Edgeworth Box, with origins indicated for the inputs of capital, K , and labor, L , into production of goods X and Y .Eight isoquants are shown, reflecting standard...
-
For 2014, Nichols, Inc., had sales of 150,000 units and production of 200,000 units. Other information for the year included: Direct manufacturing labor 187,500 Variable manufacturing overhead...
-
reading the following statement and decide whether you agree or disagree with the statement: "The free market system is the best economic system since it is the most efficient and solves basic...
-
find the net presbf value of the project ? present value index? Net present value A project has estimated annual net cash flows of $11,250 for 10 years and is estimated to cost $42,500. Assume a...
-
Calculate the ICER for the new treatment, without adjusting for the health utility index. Assuming the $50K benchmark*, as a clinical decision maker or health policy advisor, would you recommend...
-
The following information was taken from Artist, Inc.s balance sheets at December 31, 2009 and 2010: Net income for 2010 was $21,000. Depreciation expense was $11,000. Prepare the cash provided by...
-
You are standing on the top of a building and throw a ball vertically upward. After 2 seconds, the ball passes you on the way down, and 2 seconds after that, it hits the ground below. a. What is the...
-
Question 3 (24 marks) Wonderful Technology Company Limited sells computers and accessories. Data of the store's operations are as follow: Sales are budgeted at $400,000 for December 2019, $420,000...
-
Kratz Manufacturing Company uses an activity-based costing system. It has the following manufacturing activity areas, related cost drivers and cost allocation rates: Activity Cost Driver Cost...
-
You are a Partner with Fix-It Consultants and have been engaged in an advisory capacity with a software company, called MoveFast. The company is seeing a sharp decline in revenue, with the primary...
Study smarter with the SolutionInn App