The term posting means: Entering transactions in a book of original entry Transferring debit and credit amount from the journal to the ledger Proving the equality of debit and credits in the ledger Determining the balances of individual ledger accounts

Answers

Answer 1

Answer: Transferring debit and credit amount from the journal to the ledger.

Explanation:

Posting in Accounting refers to the process of transferring debit and credit amounts from the books of original entry i.e the journals, to the relevant general ledger.

Posting to the general ledger is the third step in the Accounting Cycle and as such is very important in determining the balances to put into the Unadjusted Trial balance.  


Related Questions

what does white space mean in terms of advertising?


A. Space within the advertising region that is text only


B. Space within the advertising region that is filled


C. Space within the advertising region that is colorful


D. Space within the advertising region that is left unmarked and unfilled

Answers

Answer:

D. Space within the advertising region that is left unmarked and unfilled

Explanation:

Hope this helps!!

The meaning of the word  white space in advertising refers to Space within the advertising region that is left unmarked and unfilled. Thus, option (D) is correct.

What is Advertising?

Advertising is a marketing strategy that involves paying for advertising space to sell a product, service, or movement. Marketing messages, or ads for short, are the real commercial messaging.

Advertising's purpose is to contact those who are most likely to be ready to pay for a company's goods or services and convince them to purchase them.

White space in a design is empty space or negative space that occurs surrounding all text in a design layout used in advertising. The space may seem to be empty, yet it is most likely the most crucial aspect of how the design seems to the human eye.

Therefore, it can be concluded that option (D) is correct.

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what happen if a person dies and they wanted someone to have there car. They died and everyone knows that the car was suppose to go to that person, but the person that died didn't have I will or anything saying it was suppose to go to that person, can they still get the car?​

Answers

Answer:

it all depends on if the family is the giving type as some people would try to hold on to things from listed onesand others would try to Give them away ....in shot people grieve differently so it's a 50/50 chance

Answer:

probably not because it's just like if this family met an old person about to die and pretended to be nice and do things for him until he died then went to the police and said that he would give them his house so now a days u can't just go off of 'they said ___ before I died' SO like I said again probably not

You have three separate accounts with your bank that you can manipulate with online banking. Account "A" is a checking account with a $5,245.50 balance, Account "B" is a personal savings account with a $12,850.25 balance, and account "C" is a joint college savings account with your 12-year-old son. You move $2,500 from account "B" to account "A" to cover an unexpected bill. You also move 1.5% of the remaining balance in account "B" to account "C". What is left in account "B" after these transfers? A) $10,195 B) $10,350 C) $15,550 D) $25,000

Answers

Answer:

A) $10,195

Explanation:

This can be calculated as follows:

Amount in Account "B" = $12,850.25

Remaining balance after moving $2,500 from Account "B" to account "A" = Amount in Account "B" - $2,500 = $12,850.25 - $2,500 = $10,350.25

Amount moved from account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" * 1.5% = $10,350.25 * 1.5% = $155.25

Balance after moving 1.5% of the remaining balance in account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" - Amount moved from account "B" to account "C" = $10,350.25 - $155.25 = $10,195

Therefore, the correct option is A) $10,195.

Casey buys 6.5 yards of blue fabric and 5.5 yards of red fabric. If the blue and red fabric cost the same amount per yard, and Casey pays $60 for all of the fabric, what is the cost per yard

Answers

Answer:

the cost per yard is $5

Explanation:

The computation of the cost per yard is as follows;

= Total cost for all of the fabric ÷ total number of yards

= ($60) ÷ (6.5 yards + 5.5 yards)

= $60 ÷ 12 yards

= $5 per yard

hence, the cost per yard is $5

We simply divided by the Total cost for all of the fabric from the  total number of yards so that the cost per yard could come

Hence, the same is to be relevant

commenced business with the balance at bank 125,000 (journal entry)​

Answers

bank a/c Dr

to capital a/c

what Is margin of safety?



A. Difference between selling price and variable cos

B. difference between contribution margin per unit and fixed cost

C. difference between current sales and break-even sales​

Answers

Answer:

Margin of safety is a principle of investing in which an investor only purchases securities when their market price is significantly below their intrinsic value. ... Alternatively, in accounting, the margin of safety, or safety margin, refers to the difference between actual sales and break-even sales

Question 1
1 pts
Which of the following can help a salesperson distinguish between a buyer's wants and needs?
O lead generation
O prospecting
O a needs assessment
a buyer's wish list

Answers

I would say a needs assessment

HAS ANYONE TAKEN THE 2020 ALGEBRA 1 EOC IN FLORIDA THIS YEAR?? IF U HAVE PLZ TELL ME WHAT QUESTIONS THEY ASKED U

Answers

Answer:

They just ask you what you have learned in your previous math courses.

Explanation:

You purchased 100 shares of stock for $78 per share. You sold the stock four years later for $92 per share. What is your gain after the sale of the investment?

Answers

Answer:

$1,400

Explanation:

The gain after the sale of the investment is the excess of the total selling amount over the cost of acquiring the shares initially.

Cost of initial acquisition=100*$78=$7800

Proceeds from shares disposal=100*$92=$9200

The gain after the sale of the investment=$9,200-$7,800

The gain after the sale of the investment=$1,400

The outer edge of a circular running track is 330m long. If it is widened by 7m all around, find the cost of widening it at 8 per square metre.​

Answers

Answer:

Here given that perimeter of circular running track =330m

Let radius=r

As we know that in a circle

[tex]{\boxed{\sf Perimeter=2\pi r}}[/tex]

Substitute the values

[tex]\qquad \quad{:}\longmapsto\tt 2\times\dfrac {22}{7}×r=330 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt \dfrac {44}{7}r=330 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt r=\dfrac {330×7 }{44}[/tex]

[tex]\qquad \quad{:}\longmapsto\tt r=\dfrac{2310}{44}[/tex]

[tex]\qquad \quad{:}\longmapsto\tt r=52.5 [/tex]

[tex]\therefore\sf r=53m (Approx)[/tex]

Again

[tex]{\boxed{\sf Area=\pi r^2 }}[/tex]

Substitute the values

[tex]\qquad \quad{:}\longmapsto\tt Area=\dfrac{22}{7}×(53)^2 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt Area=8828.2m^2 [/tex]

[tex]\therefore\sf Area=8828m^2 (Approx)[/tex]

Now

the radius is increased by 7m

Hence

New radius=(x+7)m=53+7=60m

New Area=

[tex]\qquad \quad{:}\longmapsto\tt \pi. r^2 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt \dfrac {22}{7}(60)^2 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt \dfrac {22}{7}×3600 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt 11314.28m^2 [/tex]

[tex]\therefore\sf AREA=11314m^2 (Approx).[/tex]

now

Area of widened Area=New area-Old Area

[tex]\qquad \quad{:}\longmapsto\tt 11314-8828 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt 2486m^2 [/tex]

Cost of widening per square=8

Total cost=

[tex]\qquad \quad{:}\longmapsto\tt 2486×8 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt 19888[/tex]

[tex]\therefore\sf Total\:cost\:is\: 19888.[/tex]

Can't understand the attachment?

Here is a latex diagram for your question.

[tex]\Huge\downarrow [/tex]

[tex]\setlength{\unitlength}{1cm}\begin{picture}(0,0)\thicklines\qbezier(2.3,0)(2.121,2.121)(0,2.3)\qbezier(-2.3,0)(-2.121,2.121)(0,2.3)\qbezier(-2.3,0)(-2.121,-2.121)(0,-2.3)\qbezier(2.3,0)(2.121,-2.121)(-0,-2.3)\qbezier(1.2,0)(1.121,1.121)(0,1.2)\qbezier(1.2,0)(1.121,-1.121)(0,-1.2)\qbezier(0,-1.2)(-1.121,-1.121)(-1.2,0)\qbezier(-1.2,0)(-1.121,1.121)(0,1.2)\put(-0,0){\vector(-1,0){2.3}}\put(0,0){\vector(0,1){1.2}}\put(-1.7,0.2){$\bf (x+7)m$}\put(0.2,0.3){$\bf x m$}\end{picture}[/tex]

which of the following is NOT a promotion strategy or activity
(a) Buying keywords on search homepages which trigger clickable text boxes when the keywords are use in a search.
(b) Gaining the exclusive right to retail a company's products in a specific area for a specific period.
(c) Viral marketing, which facilitates and encourages people to pass along a marketing message about a particular product.
(d) Public relations efforts to establish and maintain a company's image.

Answers

Answer:

A and D

Explanation:

I think the answer is A and D

Which tax is specifically charged on real estate?
Kimberly wants to sell her house. However, the buyer is unwilling to buy the house, saying that the _____ tax levied on the house is taking the price of the house over his budget.

Answers

Answer:

Property tax assessment

Explanation:

Under construction propertiesare taxed at 12%

From my according

URGENT!!!
What are the share of earnings that a business owner pays for the right to be part of a certain business called?

fringe benefits

proprietor’s rights

royalties

special rights fees

Answers

Answer:

royalties

Explanation:

If a buyer defaulted some time ago on a written contract to purchase a seller's real estate, the seller can still sue for damages if he is not prohibited from doing so by the

Answers

Answer:

statute of limitations

Explanation:

If the buyer defaulted some time ago on a written contract to purchase a seller's real estate, the seller can still sue for damages if he is not prohibited from doing so by the

statute of limitations

Relationship between technology and technical profession with example

Answers

Answer:

A technical position will use technology. For example, a programmer will utilize computer languages such as Java to write code to run on a variety of devices: cell phones, tablets, and laptops. A knowledge of how thinking and hardware interact is absolutely necessary.

Which kind of budget would cause the largest increase in a country's national
debt?
A. One that decreases taxes and decreases spending
B. One that increases taxes and decreases spending
C. One that decreases taxes and increases spending
D. One that increases taxes and increases spending

Answers

Answer: One that decreases taxes and increases spending

Explanation: got it wrong

The kind of budget that would cause the largest increase in a country's national debt is One that decreases taxes and increases spending. Thus the correct option is C.

What is the budget?

A budget refers to making financial planning for the expenses that are going to occur and controlling the spending of an individual. The budget gives an estimate of the expenses.

A tax is a specific sum of money that is taken in by a government from its constituents and afterward used to fund projects like the construction of hospitals, roads, and transit systems, among other things.

A budget that decreases taxes and increases spending helps in lowering unemployment by raising opportunities for employment and increasing the standard of living of people.

Therefore, option C is appropriate.

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Joe and Janice run an accounting firm. The firm receives $5,000,000 as income from its services. It pays an annual rent for office premises amounting to $240,000. The salary paid to staff amounted to $100,000. Other operating expenses added up to $24,000. What is the net income earned by their business? The total expenses of the accounting firm amounted to $ . Thus, the net income earned by the business is $ .

Answers

Answer:

Expenses:  $364,000.00

Net income :  $4,636,000.00

Explanation:

The total expenses will be the sum of

Rent     $240,00.00

Salaries     $100,000.00

Operating expenses   $24,000.00

Total expenses   $364,000.00

Net income is the total revenue - total expenses

=$5,000,000.00  - $364,000.00

=$4,636,000.00

According to the video, what are some tasks performed by Tellers? Check all that apply.
O reviewing insurance applications
O cashing checks
O analyzing investment opportunities
O judging risk based on statistics
O accepting payments for a customer's bills
O dealing with foreign currencies

Answers

Answer:

Cashing checks, receiving checks/ paying out money, entering transactions on computers

Explanation:

According to O*NET, what are some common tasks performed by Tellers? Check all that apply.

Answer:

2, 5, 6

Explanation:

Hope this helps!

Why is education considered as foundation of any profession

Answers

Answer:

see below

Explanation:

Education is important for all careers. It all allows access to quality learning, acquiring skills and knowledge, and people skills that employers consider mandatory. Today, all careers and professions require a minimum level of education as a prerequisite for employment.

Education helps one identify their talents, which facilitates selecting suitable careers. Education provides the chance for one to follow a career path that leads to their preferred profession. One studies the subjects that interest them and the ones that lead to desired careers.

Education exposes one to different career opportunities. Through guidance and counseling, and personal preferences, one is able to identify and select a  career of their choice.

Different careers require different educational levels. Appreceiteroship is also part of education. One learns from an established professional. Some career such as medicine and architecture requires many years of education.

Last year, your store's total revenue was $570,000. The store's total discounts were $15,000 and returns totaled $10,000. What were your
store's net sales?

Answers

Answer:

$545,000

Explanation:

Net sales represent a company's gross sales or revenues minus the sales returns, allowances, and discounts. Therefore, the net sale is the actual amount the company realizes from its sales.

in the cases;

net sales = revenue - discounts

net sales = $570,000 - ($15,000 +$10,000.)

net sales =$570,000 -$25,000

Net sales =$545,000

How does the availability of economic resources in conjunction with the law of diminishing returns affect an entrepreneur's decisions?

Answers

Answer: A

Explanation:

According to the law of diminishing returns, the increase in output that results from adding a production factor is smaller. The law of diminishing returns aids the business in determining the ideal amount of output in production. This is so that the producer can determine whether or not the output has reached its maximum potential.

Why is the law of diminishing returns important?

Because economists anticipate that a firm's short-run marginal cost curves would slope upward as the number of output units rises, the law of diminishing returns is significant because it forms part of the theoretical framework.

According to the economic theory known as the law of diminishing returns, as an investment in a certain area rises, the rate of profit from that investment can no longer rise if other factors remain constant after a certain point.

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If customer satisfaction is a criterion for decision making, then customer satisfaction
a. Will be all that matters in the decision making process
b. Will be considered in the decision making process
C. Will not be considered in the decision making process
d. None of the above

Answers

I’m going to go with b. Will be considered in the decision making process.

I looked up the definition of criterion and it means a principle or standard which maybe judged or decided. It’s not the ONLY thing that’s required.

If customer satisfaction is a criterion for decision making, then customer atisfaction, will be considered in the decision making process. This is further explained below.

What is decision-making?

Generally, The process of choosing choices by recognizing a decision, acquiring information, and evaluating possible answers is known as decision making.

In conclusion, when a customer's satisfaction is a decision-making criterion, then customer satisfaction will be taken into account in the decision-making process.

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On the first day of the fiscal year, a company issues a $1,000,000, 7%, 5-year bond that pays semiannual interest of $35,000 ($1,000,000 × 7% × 1/2), receiving cash of $884,171. Journalize the entry for the issuance of the bonds. If an amount box does not require an entry, leave it blank.

Answers

Answer:

Debit cash: $884,171

Debit discount: $884,171

Explanation:

The Journal entry for the issuance of the bonds is to debit 'Cash' by $884,171, Debit 'Discount on Bonds Payable' by $115,829, and credit 'Bonds Payable' by $1,000,000.

What is the Journal entry?

A journal entry is defined as a document of a business transaction that is kept in the books of accounts. Every transaction requires at least two journal entries in double-entry bookkeeping.

Because a transaction can cause numerous changes in a business, a bookkeeper keeps track of all of them with journal entries.

The Journal, also known as the Book of Primary Entry, is the first record of any business transaction. The data from these simple journal entries is then transferred to other books of accounts.

The journal entry is:

Cash a/c                                         Dr.       $884,171,

Discount on Bonds Payable a/c   Dr.       $115,829

       To Bonds Payable a/c                                         $1,000,000

Therefore, the journal entry is the primary recording of the books of accounts.

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(13 points) APY is a(n) ____.

A. noncompounding interest rate

B. daily interest rate

C. interest rate advertised by lenders

D. interest rate advertised by borrowers

Answers

Answer:

C. interest rate advertised by lenders

Explanation:

APY stands for  Annual percentage yield. It is the rate at which deposits earn interest in a checking or savings account. In other words, APY represents the amount of interest a deposit earns for one year when in a bank account.

The APY is a standardized presentation of interest to be earned. It incorporates all considerations, such as the compounding effect. APR makes it possible to compare expected returns from various financial instruments or institutions.

What is the effect of credit card interest on the real cost of items?

Answers

Answer:

Credit card interest rates, also known as finance charges, vary from one card issuer to another and may also vary across different credit cards from the same issuer. Before getting a credit card, you must be aware of the interest rate charged on it. Unlike other loans, credit card interest rates are usually not linked to the user’s credit score and repayment capacity. Every credit card has a preset finance charge and it will be the same for all the customers.

The most important point to note here is that interest is charged on credit cards only if you have not paid the outstanding amount in full or withdrawn cash from ATMs using the credit card. No interest is charged when you clear your credit card dues on time.

Which of the following is an example of receiving information

Answers

Answer:

Receive is defined as to take, accept, experience or welcome. An example of receive is getting a letter in the mail. An example of receive is someone being given a gift. An example of receive is someone hearing bad news.

Explanation:

EastGate Physical Therapy Inc. Is planning its cash payments for operations for the first quarter (January–March). The Accrued Expenses Payable balance on January 1 is $15,000. The budgeted expenses for the next three months are as follows:

Answers

The question is incomplete. The full question is :

EasyGate Physical Therapy Inc. is planning its cash payments for operations for the first time quarter (January - March), 2015. The Accrued Expenses Payable balance on January 1 is $ 15,000. The budgeted expenses for the next three months are as follows :

                                                   January         February          March

Salaries                                      $ 56,9000      $ 68,100        $ 72,200

Utilities                                          2,400              2,600             2,500

Other operating expenses        32,300            41,500            44,700

Total                                         $ 91,600           $ 112,200       $ 119,400

Other operating expenses include $ 3000 of monthly depreciation expense and $500 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining paid in the following month. The Accrued Expenses Payable balance on January  relates to the expenses incurred in December.

Solution :

                                SCHEDULED OF CASH PAYMENTS  

     Particulars                                        January       February       March

Accrued expenses payable                $ 15,000

Payment of current month expenses   $ 61, 670     $ 76, 090      $ 81,130

Payment of prior month's expenses                         $ 26, 430      $ 32, 610

Total payment                                        $ 76, 670    $ 102,520      $ 113,740

Working :  

                                                             January       February       March

Other operating expenses                $ 32,300      $ 41,500        $ 44,700

Less: devaluation expenses                $3,000        $3,000           $3,000

        Prepaid expenses                           $500            $500              $500

Other operating expenses               $ 28, 800     $ 38,000        $ 41, 200

Additional Salaries expenses           $ 56, 900     $ 68,100        $ 72, 200  

Additional Utilities expenses               $ 2,400        $ 2600           $ 2500  

Total budgeted expenses                  $ 88,100     $ 108,700        $ 115, 900

Payment in current month at 70%    $ 61, 670      $ 76,090          $ 81, 130

Payment in prior month at 30%        $ 26, 430      $ 32,610          $ 34, 770                          

why do we need to consider the important points in making the salad?.​

Answers

Answer:

It is very health to eat a salad...

Explanation:

Washing Ingredients - Wash salad greens and examine to insure the removal of all aphids. Then soak in cold water for half an hour to crisp, and dry on a towel or by shaking in a wire basket

Eating a salad a day is directly correlated with higher nutrient levels. ... The fat in salad dressing helps absorb key nutrients such as lycopene and alpha- and beta-carotene. People who eat salads, salad dressing, and raw vegetables are more likely to meet recommended intakes for vitamins C, E and folic acid Loaded with vitamins and minerals, eating a salad a day will also increase the level of powerful antioxidants in your blood. The basis of any salad, leafy greens, offer a huge nutritional benefit. Among the best of the super greens group are: kale, spinach, beet greens, watercress and Romaine lettuce

Ji-woo has a new credit card. She wants to use it for online shopping. What are three things that make this a poor choice

Answers

1. Paying her bill late( messes up your credit score)
2. Overspending ( self-explanatory)
3. Using her credit card on unknown website( increases risk of fraud)

The three things that should make the poor choice:

The bill are paid after the due date that affect the credit score. There is overspending. The credit card is used for the unknown website due to which the chances of fraud are increased.

In this way, these 3 things make the poor choice.

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Which of the following statements is FALSE? Consider the case of a new firm that is identical to an existing publicly traded company. If these firms will generate identical cash flows, the Law of One Price implies that we can use the value of the existing company to determine the value of the new firm. A valuation multiple is a ratio of some measure of a firm's scale to the value of the firm. In the method of comparables, we estimate the value of a firm based on the value of other, comparable firms or investments that we expect will generate very similar cash flows in the future. Even two firms in the same industry selling the same types of products, while similar in many respects, are likely to be of different size or scale.

Answers

Answer: A valuation multiple is a ratio of some measure of a firm's scale to the value of the firm.

Explanation:

The Law of One Price does indeed allow for the determination of the value of the new firm using the value of the existing firm as they are identical. The value of a firm is also estimated based on the value of comparable ones.

It is also true that companies can be similar in many respects but still be different in size and scale.

Valuation multiples however, are not ratios of some measure of a firm's scale to the value of the firm but ratios of financial metrics in the company that can be used for analysis and comparison.

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If (x+2) is a factor of 3x^2-4kx-4k^2, then find the value(s) of k Which of these sentences shows correct placement of the quotation marks?O 1. "Today's students Dean," Watkins tated, "will go through an average of four career changes in their life span."2. "Today's students", Dean Watkins stated, will go," through an average of four career changes in their life span."03. Today's students, Dean Watkins stated, "will go through an average of four career changes in their life span."O 4. "Today's students." Dean Watkins stated, "will go through an average of four career changes in their life span." describe the manufacturing industry in the United States. What are the needs & advantages of career planning?in the blanks using the options given below:Career is a sequence of related jobs arranged in a .........order.Wrong choice of career may lead to.................Agriculture, veterinary and nursing provide better........ ... toyoung people.Poor health and safety condition in an organizationcauses.................effect on the choice of career.The essence of career planning is the................ of individual goalwith organizational goal.gative, hirarchical, frustration, bridging, lucrative, attraction Solve the system of equation by elimination. During laparoscopic surgery , carbon dioxide gas is used to expand the abdomen to help create a larger working space. If 4.80 L of CO 2 gas at 18 C at 785 mmHg is used, what is the final volume , in liters, of the gas at 37 degrees * C and a pressure of 745 mmHg if the amount of CO 2 does not change ? A loaf of bread costs $2.50 today. The same size loaf cost 20 cents in 1955.What percentage of todays price did someone in 1955 pay for bread?Please answer it correctly do not answer it wrong What is the name of the particle made up of 2 protons and 2 neutrons? Paulo is buying tennis balls that are on sale for 5% off. He uses the expressions t 0.05t to determine the sale price of the tennis balls. What is an equivalent expression that Paulo could also use to determine the sale price? What is the first operation in the problem below? 5.5 - (7.4 +9.51.2) x 2 A.Addition B. Subtraction C. Multiplication D. Division Sales of video games and consoles fell from $1.15million to $1.03 million in 1 year. Find the percent decrease. Round the answer to the nearest tenth of a percent. Elise says, "If you subtract 12 from my number and multiply the difference by - 3, the result is - 54."What is Elise's number?Elise's number is?10 POINTS + BRAINLIST IF RIGHT I need a paragraph about 2020 plz Which of the following is a factor in the increase of single parent families in North America?O An increasing divorce-rate.O A decrease in the number of individuals who never marryO An increase in polygamyO A decrease in the number of individuals who remain childless What is the volume, in cubic cm, of a rectangular prism with a height of 10cm, a width of 4cm, and a length of 6cm? Find the dot product of the given vectors.u= -5i + 3jv=3i + 4i I WILL MARK BRAINLYEST3. Solve the equation:3/4z-10=-3(1/4z+1/3)-667 1/313.5 In pulling two identical carry-on bags through the airport, Mr. Myers and his 13 year old grandson, Vincent, do the same amount of work. Who has to use a greater force between gates? Which of the following are examples of context clues? Select all that apply.1 examples2 spelling words correctly3 built-in definitions4 restatements In a school with 400 students, a random sample of 40 students were asked which fruit is their favorite. Their responses are shown below.Apple - 10Banana - 12Peach - 8Pear - 6Strawberries - 4 Using proportional reasoning, about how many students in the school would you expect to select an pear as their favorite fruit?