Description : A post-closing trial balance should be prepared a. before closing entries are posted to the ledger accounts. b. after closing entries are posted to the ledger accounts. c. before adjusting entries are posted to the ledger accounts. d. only if an error in the accounts is detected.
Last Answer : b. after closing entries are posted to the ledger accounts.
Description : After closing entries are posted, the balance in the retained earnings account in the ledger will be equal to a. the beginning retained earnings reported on the retained earnings statement. b. the amount of ... earnings reported on the balance sheet. c. zero. d. the net income for the period.
Last Answer : . b. the amount of retained earnings reported on the balance sheet.
Description : After the adjusting entries are journalized and posted to the accounts in the general ledger, the balance of each account should agree with the balance shown on the a. adjusted trial balance. b. post-closing trial balance. c. the general journal. d. adjustments columns of the worksheet.
Last Answer : a. adjusted trial balance.
Description : (i) An error that affects debit as well as credit side, it is called as _______ errors.
Last Answer : Complete the following sentences : (i) An error that affects debit as well as credit side, ... of omission, the debit and credit are ___________
Description : (i) An alteration was proposed to the original motion.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statements. (i) ... extra vote for the Chairman in case of tiein votes.
Description : The transaction is entered in cash book on the basis of ---------- a. Occurrence b. amount c None of these
Last Answer : a. Occurrence
Description : Any irregularity that comes to the notice of Head of the office shall be entered in a) Error book b) Hand to Hand receipt c) Office order book d) Book of postmark
Last Answer : a) Error book
Description : Whenever a transaction cannot be posted by the HO in a particular account for any reason a remark------------------ will be made by the HO against the entry in LOT a) Not posted b) Unposted c) Remain to post d) None of these
Last Answer : b) Unposted
Description : When a transaction is not recorded according to the principles of book-keeping the error is said to be an error of principle.
Last Answer : State whether the following statement are True or False with reason : When a transaction is not ... error is said to be an error of principle.
Description : Inherent risk is defined as the susceptibility of an account balance or class of transactions to error that could be material assuming that there were no related internal controls. Of the following ... . d. The client has lost a major customer accounting for approximately 30% of annual revenue.
Last Answer : Internal control over shipping, billing, and recording of sales revenue is weak.
Description : (i) An incorporated association which is an artificial person created by law having perpetual succession is called _______
Last Answer : Complete the sentences : (i) An incorporated association which is an artificial person created ... under the Companies Act, 2013 are _________
Description : (i) An article or a commodity which is purchase for resale in business is called __________
Last Answer : Complete the following sentence : (i) An article or a commodity which is purchase for ... provides standard of accounting in India called _________
Description : (i) An amount that is not recoverable from debtors is called bad debt.
Last Answer : Do you agree or disagree with the following statement : (i) An amount that is not recoverable from ... used as financial evidence in a court of law.
Description : i. Elected body of representatives of shareholders. ii. An employee of a company who provides guidance and advice to the Board
Last Answer : Write a word or a term or a phrase that can substitute each of the following statement: i. ... was given to the Director to attend the meeting.
Description : 1. An average Indian requires ____________ calories from his/her daily consumption of food. [2250/2550/2200]
Last Answer : Choose the correct option: 1. An average Indian requires ____________ calories from his/her daily consumption ... below poverty line. [21.2%/5%/20%]
Description : i. An extraordinary general meeting is held _______ (a) once in a year (b) once in the life time (c) under special circumstances
Last Answer : Select the correct answer from the options given below and rewrite the statement: i. An extraordinary general ... a) Fifteen (b) Sixty (c) Forty
Description : Do you ever go to post a question, look it over carefully, hit the final "Ask Fluther" button and instantly go "O shit!" because there is a major error you just saw at the same instant before it posted?
Last Answer : No, because I can edit it for several minutes.
Description : Is there a way to find out who the original artist is for images posted on Tumblr?
Last Answer : Tineye.com
Description : What is the fate of the carbons that entered the cycle that were found within the original glucose molecule?
Last Answer : What is the answer ?
Description : After selling a fan at 6% gain and a fridge at 9% gain, a shopkeeper gains Rs 5100. But if he sells the fan at 9% gain and the fridge at 6% loss, he gains Rs 1800 on the whole transaction. Find the original price of the fan.
Last Answer : let the price of fan be X and fridge be Y 6x/100+9y/100 = 5100 6x+9y=510000------(1) then 9x/100-6y/100=1800 9x-6y=180000-------(2) Calculate both, the we will get x=Rs40000
Description : (i) __________ book is an extract of customer’s account in the ledger of bank.
Last Answer : Complete the following sentences: (i) __________ book is an extract of customer's account in ... to suppliers are recorded is known as _______
Description : (i) A book of accounts in which all ledger accounts are maintained.
Last Answer : Write the word, term, phrase, which can substitute each of the statement : (i) A book of ... 's prepared from the balances of the ledger account.
Description : The work of accounting depends upon ____________ (a) book-keeping (b) cash book (c) subsidiary books (d) ledger
Last Answer : The work of accounting depends upon ____________ (a) book-keeping (b) cash book (c) subsidiary books (d) ledger
Description : Why ledger Called the book of final entry?
Last Answer : Need answer
Description : The following records may not be destroyed without the special permission of the Head of the Circle a) Post office order book b) Register of undeliverable pass books in deposit in the head office c) ... or connected with the cases which have not been fully decided or closed e) All the above
Last Answer : e) All the above
Description : Primary book" maintained in a business is 1. Journal 2. Ledger 3. Cash book 4. Account book 5. None of these
Last Answer : Journal
Description : State the importance of following documents in transportation. i) Log-book ii) Vehicle Ledger.
Last Answer : 1) Log Book: Each vehicle has a log book which contains the details about the running time for a trip and allied factors. The driver of motor vehicle fills or updates log book regularly ... Thus the vehicle ledger is collective record of the trips exposing the financial aspect of transportation.
Description : When a petty cash book is kept there will be A) No entries made at all in the general ledger for items paid by petty cash B) The same number of entries in the general ledger C) Fewer entries made in the general ledger D) More entries made in the general ledger
Last Answer : Answer: C
Description : Transaction not recorded in the books is an error of principle.
Last Answer : State whether the following statement are True or False with reason : Transaction not recorded in the books is an error of principle.
Description : A System in which a transaction access and updates a file quickly enough to affect the original decision making is called 1) Real time system 2) time sharing system 3) both of above 4) None of above
Last Answer : 1) Real time system
Description : A System in which a transaction access and updates a file quickly enough to affect the original decision making is called 1 Real time system 2 time sharing system 3 both of above 4 None of above
Last Answer : 1 Real time system
Description : A book packet posted in excess of prescribed size and weight a) Should be returned to the sender b) Should be delivered to the address c) Should be forwarded to the office of delivery after taxing d) Should be forwarded to the foffice of delivery without taxing
Last Answer : a) Should be returned to the sender
Description : Which central Railway station entered The Limca Book of Records in 2018 as first all women station in India? A. Badlapur Station B. Matunga Station C. Chhatrapati Shivaji Maharaj Terminus D. Bandra Station
Last Answer : B [Matunga Station] Explanation: Matunga on Central Railway, the first railway station in the country to be run by an all women staff, has entered the Limca Book of Records2018.
Description : All supplies of certificates received by Head and Sub Offices must entered in a) The Daily dairy b) Daily account c) The stock register(NC-12) d) Cash book
Last Answer : c) The stock register(NC-12)
Description : Particulars of window delivery ticket issued should be entered in a) Postmaster Order book b) Postmaster Daily dairy c) Register of window delivery tickets(MS 23) d) All the above
Last Answer : c) Register of window delivery tickets(MS 23)
Description : Bags should not be entered in the general stock book in the offices which have been authorised by the ____to maintain the special form of stock register of bags ____ a) Superintendent , SK 2 b) Superintendent, SK1 c) Head of the Circle, Form S.K.-1 (a) d) None of these
Last Answer : c) Head of the Circle, Form S.K.-1 (a)
Description : Sales invoices are first entered in A) The Cash Book B) The Purchases Journal C) The Sales Journal D) The Sales Account
Description : What Mortal Kombat character was created based off of widely circulated rumors, but was actually an unintentional error code in the original arcade version? -Gaming
Last Answer : In 1991, Midway Games wrangled programmer Ed Boon, then 27, and comic book artist John Tobias, then 22, to conceive and create a fighting arcade game that would be ready for release in 10 months. Boon and Tobias rounded out their team with artist John Vogel and sound designer Dan Forden.
Description : What's the difference between Ledger Balance and Current Balance on a bank's web site?
Last Answer : answer:Most likely it is for charges that have been issued but not cleared. For example Amazon does a few things when you order from them. There is a initial We call dibs on $200 from this ... only really takes your money after the item ships. That is when it should go from Ledger to Current.
Description : Peachtree, inputting income through general journal and having it show up on the general ledger?
Last Answer : I don't know much about this program. I would almost guess that the opposite problem would happen with journal entries, where they would show up in the GL and not on an Income Statement. Are you ... a few years since I did any proper accounting and I hope something I've mentioned here might help.
Description : Heath Ledger was found dead. Which celebrity is next?
Last Answer : answer:We’ve already had our 3 in a row—Brad Renfro, Suzanne Pleshette, and now Heath Ledger. So celebrities can breathe easy. Although my next-to-die vote is Pamela Anderson.
Description : Who had a better performance then Heath Ledger this year?
Last Answer : let’s not get our heads in the clouds yet… The year isn’t over…
Description : Can Heath Ledger get an Oscar now he's passed away?
Last Answer : Yes.
Description : what It is the sol-fa syllable of the note placed on the ledger line below the staff?
Last Answer : sorry guys if i put a wrong sentence dont read the what just read the beggining in it
Description : A list of balances of all the accounts in ledger is called __________
Last Answer : A list of balances of all the accounts in ledger is called __________ (a) Balance Sheet (b) Profit and ... c (c) Trading A/c (d) Trial Balance
Description : Complete the following table : Ledger Journal
Last Answer : Complete the following table : Ledger Trial Balance Journal ?
Description : Ledger posting is made before journal entry.
Last Answer : State whether the following statement are ‘True or False’ with reason : Ledger posting is made before journal entry.
Description : Ledger Folio is recorded in the journal.
Last Answer : State whether the following statement are ‘True or False’ with reason : Ledger Folio is recorded in the journal.
Description : Ledger posting is not necessary for journal proper.
Last Answer : State whether the following statement are ‘True or False’ with reason : Ledger posting is not necessary for journal proper.
Description : Ledger Folio and index are necessary for the ledger.
Last Answer : State whether the following statement are ‘True or False’ with reason : Ledger Folio and index are necessary for the ledger.