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提问人:网友whedison 发布时间:2022-01-07
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Account balances in the general ledger and the subsidiary ledgers should be proved for accuracy after posting is complete.

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更多“Account balances in the general ledger and the subsidiary ledgers should be proved for accuracy afte…”相关的问题
第1题
Closing meansreseting revenue, expense, and withdrawal account balances to zero at the end of the period.()
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第2题
When reconciling control accounts to lists of balances, a casting error in a daybook will require adjustments:

A、To both the control account and the list of balances

B、To neither the control account nor the list of balances

C、To the control account, but not the list of balances

D、To the list of balances, but not the control account

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第3题
The closing process resets ________, __________, and ________ account balances to zero at the end of each accounting period.
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第4题
Closing means reseting revenue, expense, and withdrawal account balances to zero at the end of the period.
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第5题
How to Prepare a Trial Balance?The procedure is as follows:

A、List account titles in numerical order;

B、Record balances of each account, entering debit blances in the left column and credit balances in the right colume;

C、Add the columns and record the totals ;Compare the totals;

D、All of the above.

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第6题
WHich of the following is related with control account reconciliation?

A、Rework the balance on the control account

B、Check the totals that have been correctly transferred

C、Recalculate the list of balances

D、Compare the control account with the vouchers

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第7题
Closing entries are designed to transfer the end-of-period balances in the revenue accounts, the expense accounts, and the withdrawals account to owner's capital.
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第8题
When reconciling the receivables control account to the list of balances, it was discovered that the sales daybook has been overcast by $50 What adjustment is necessary to the list of balances?

A、No adjustment

B、Add $50

C、Subtract $50

D、Subtract $100

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第9题
When Jan’s trial balance was extracted, the total of the debit balances was $450 less than
the total of the credit balances so a suspense account was opened. When she checked, Jan found that: (i) A supplier’s invoice for $225 had been debited to both the expense account and the payables control account. (ii) A cash sale for $900 had been omitted from the accounting records. When these errors are corrected, what is the balance on the suspense account?

A、$900 debit

B、$900 credit

C、$1,800 debit

D、$1,800 credit

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第10题
The theory of purchasing power parity states that exchange rates between any two currencie
s will adjust to reflect changes in______.

A.the trade balances of the two countries

B.the current account balances of the two countries

C.the fiscal policies of the two countries

D.the price levels of the two countries

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