The general ledger is the major book of original entry because it is more essential than the
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (12 reviews)
No The general journal not the general ledger is usually considered t...View the full answer
Answered By
Shubhradeep Maity
I am an experienced and talented freelance writer passionate about creating high-quality content. I have over five years of experience working in the field and have collaborated with several renowned companies and clients in the SaaS industry.
At Herman LLC, an online collective of writers, I generated 1,000+ views on my content and created journal content for 100+ clients on finance topics. My efforts led to a 60% increase in customer engagement for finance clients through revamping website pages and email interaction.
Previously, at Gerhold, a data management platform using blockchain, I wrote and published over 50 articles on topics such as Business Finance, Scalability, and Financial Security. I managed four writing projects concurrently and increased the average salary per page from $4 to $7 in three months.
In my previous role at Bernier, I created content for 40+ clients within the finance industry, increasing sales by up to 40%.
I am an accomplished writer with a track record of delivering high-quality content on time and within budget. I am dedicated to helping my clients achieve their goals and providing exceptional results.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
Question Posted:
Students also viewed these Accounting questions
-
Do you agree that EQ (EI) may be more important than IQ and may be applicable to effective interpersonal relations and performance in the workplace? Why?
-
Do you agree that America is becoming more like a salad than a soup in terms of the integration of ethnic groups? Is this good or bad?
-
Do you agree that it is possible to overallocate resources to health care, or do you believe that the reasons for a high demand for health care (mentioned in question 4) are appropriate?
-
You decided to buy a TV set on an installment basis and agree to pay 2, 999 every end of the month, with 18 equal monthly payments at a 2% interest rate. How much are your payments after 18 months?...
-
Although classical economists lived and wrote many years ago, their ideas are often employed by some modern economists. 1. State Says law. 2. Explain why classical economists believed that there...
-
Explain how internal factors influence consumers decision-making processes. pp. 194202 INTERNAL INFLUENCES ON CONSUMERS DECISIONS p. 194
-
Toledo Glass Sociedad Annima operates successfully in the Spanish domestic market and across many countries in Latin America. The company struggles to compete elsewhere. What might be the fundamental...
-
A typical coal-fired power plant generates 1000 MW of usable power at an overall thermal efficiency of 40%. (a) What is the rate of heat input to the plant? (b) The plant bums anthracite coal, which...
-
For each item listed, select the appropriate purpose of cost allocation from the list below. A purpose may be used more than once. A - To provide information for economic decisions B - To motivate...
-
In free space, E 20 cos (wt 50x) a V/m. Calculate (a) J (b) H (c) w
-
Go to the Web site for Time Warner (www.timewarner.com). Click on Investor Relations. Find and open the most recent annual report. Answer the following questions: 1. Refer to Time Warners Statement...
-
What is a trial balance and what purpose does it serve?
-
Explain why each of the following items would not meet either the definition or the recognition criteria of an asset of the business: (a) A letter from the owner of the business, addressed to the...
-
Based on contract law principles, do you think the jury\'s verdict against the Loewen Group for $ 5 0 0 million was appropriate? Why or why not? What factors should the jury have considered in...
-
5.) Consider you have two systems - one filled with (1kg) water and the other with (1kg) of air. Both systems are at 1000 kPa and 30 C. Determine numerically which fluid system has the larger...
-
Question 3: The partnership of Blossom, Blue, and Kingbird engaged you to adjust its accounting records and convert them uniformly to the accrual basis in anticipation of admitting Kerns as a new...
-
Instructions : Build an Excel spreadsheet using the accounting equation (Assets = Liabilities + Shareholders' Equity). Remember that each transaction has an equal effect on both the left-hand side...
-
7.3 Fill in the spreadsheet below to calculate the port- folio return and risk between Zenon and Dynamics, given the 10 years of annual returns for each stock and portfolio weights of 50/50. (a) How...
-
How is the average rate of return computed for capital investment analysis, assuming that the effect of straight-line depreciation on the amount of the investment is considered?
-
A copper wire (density = 8.96 g/cm 3 ) has a diameter of 0.25 mm. If a sample of this copper wire has a mass of 22 g, how long is the wire?
-
Shoppers Departmental Stores Ltd. furnishes the following details of purchase, sale etc. of its garments section for the year 200506. Determine the value of inventory of the garments section as on...
-
You are given the following data for the proprietorship of R. Black. Black Proprietorship Trial Balance December 31, 2016 Black contributed $5,000 capital during the year. Required: 1. Prepare an...
-
Refer to CP 12-1. Assume that the proprietorship is instead a corporation named R. Black Ltd., with 1,000 common shares issued on January 1, 2016 for a stated value of $5 per share. Assume there are...
-
Assume the following information just prior to the admission of new partner I: Required: Prepare journal entries to record the following unrelated scenarios: 1. New partner I purchases partners G's...
-
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