Explain how a ledger and posting help in the recording process.
Question:
Explain how a ledger and posting help in the recording process.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
A ledger and posting are essential components of the recording process in accounting Heres how they work and how they help 1 Ledger A ledger is a book ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting With International Financial Reporting Standards
ISBN: 9781119787051
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Business questions
-
7) The second financial statement to prepare is the statement of retained eamings. To determine the ending balance of retained earnings you need to start with the opening balance as reported in the...
-
Here are some of the concepts discussed in the chapter: 1. Account 2. Analyzing transactions 3. Chart of accounts 4. Credit 5. Debit 6. Journal 7. Journalizing 8. Ledger 9. Posting 10. Trial balance...
-
Please answer in your own words. 1) List the basic steps in the recording process 2) Whats a journal and how does it contribute in the recording process 3) Whats a ledger and how does it help in the...
-
How to find the expected utility of profit under each alternative crop Table 1. Annual Returns to Cropping Alternatives ($ profit / acre) Outcome Worst Bad OK Good Great Probability 0.1 0.2 0.4 0.2...
-
Livingston Company is a wholly owned subsidiary of Rose Corporation. Livingston operates in a foreign country with financial statements recorded in goghs (GH), the company's functional currency....
-
Discuss ethical decisions that project managers often face. Do you think a professional code of ethics makes it easier to work in an ethical manner?
-
Calculate the child vectors for the whole arithmetic crossover example in the text. Use the parents indicated in the section on simple arithmetic crossover, with ???? = 0.5. Comment on your results.
-
Neil Brown is the proprietor of a small company. The results of operations for last year are shown, along with selected balance sheet data. From the information provided, determine the amount of net...
-
Tax Return Project: Fred and Melanie Dow are married taxpayers, ages 42 and 40, who file a joint return. Their social security numbers are 555-98-7584 and 456-04-0564, respectively. They live at 1235...
-
Kochi Services was formed on May 1, 2025. The following transactions took place during the first month (amounts in thousands). Transactions on May 1: 1. Rahul Shah invested 40,000 cash in the company...
-
Using the data in BE2.2, journalize the transactions. Identify and explain steps in recording process. BE2.2 Transactions for Thorn Consulting for the month of June are presented below. Identify the...
-
Write each rational number in the form of an infinite geometric series. 2/3
-
For the data in Problem 42, how would you predict demand for medical kits using (a) moving averages and (b) exponential smoothing (with alpha values equal to 0.5 and greater) for the 21st week? Data...
-
For a light ray that crosses the interface between medium 1 having index of refraction \(n_{1}\) and medium 2 having index of refraction \(n_{2}\), what relationship between \(\theta_{1}\) and...
-
The atmosphere of the planet Venus is almost entirely composed of carbon dioxide (about 96.5 % carbon dioxide). The carbon dioxide on Venus might be in equilibrium with carbonate ions in minerals on...
-
Seniority quantum numbers typically measure how many fermions are in some sense "not paired" with another fermion. For the quasispin model of Problem 31.3 , define the Racah seniority $v$ through...
-
(a) Place a perfectly conducting sphere with radius a in a uniform electric field E 0 and let an origin centered electric dipole field represent the field produced by the sphere. Use this information...
-
What determines whether renters insurance is appropriate for Brad?
-
What services are provided by the provincial and territorial governments?
-
A stock is expected to pay a dividend of $1.50 at the end of the year (i.e., D 1 = $1.50), and it should continue to grow at a constant rate of 10% a year. If its required return is 14%, what is the...
-
The Hobby Shop has a checking account with a ledger balance of $1,700. The firm has $2,400 in uncollected deposits and $4,200 in outstanding checks. What is the amount of the disbursement float on...
-
An investment will pay you $34,000 in 11 years. If the appropriate discount rate is 6.1 percent compounded daily, what is the present value? (Use 365 days a year. Do not round intermediate...
Study smarter with the SolutionInn App