You have new items in your feed. Click to view.
Question and answer
Question not found
Ask a question
Not a good answer? Get an answer now. (Free)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
1. What is accounting, in your own words? Why is it important?
Weegy: Which sentence is punctuated correctly? A. "Whales are more intelligent than most people think," says William Smith. "Why are we still hunting them for food?" [ ] (More)
Question
Expert Answered
Asked 5/18/2013 5:16:02 PM
0 Answers/Comments
What are the steps in the accounting process? User: Of the career options listed on pages 8-12 in Accounting, which interests you most? Why?
Weegy: In my own understanding, accounting is the learning skill/knowledge to know or to learn. It is important for it is the primary method in recording transactions. The steps are: 1. Identifying and Analyzing Business Transactions 2. [ [ [ Recording in the Journals 3. Posting to the Ledger 4. Unadjusted Trial Balance 5. Adjusting Entries 6. Adjusted Trial Balance 7. Financial Statements 8. Closing Entries 9. Post-Closing Trial Balance The step seems to be the most difficult is 6. Adjusted Trial Balance. ] ] User: what is the purpose of the end-of-period adjustment? Why is it helpful? Weegy: Adjusting Entries are journal entries that are made at the end of the accounting period, to adjust expenses and revenues to the accounting period where they actually occurred. [ [ Generally speaking, they are adjustments based on reality, not on a source document. This is in sharp contrast to entries during the accounting period (such as utility bills or fees for services rendered) that depend on source documents. Their main purpose is to match incomes and expenses to appropriate accounting periods. The transactions which are recorded using adjusting entries are not spontaneous but are spread over a period of time. Not all journal entries recorded at the end of an accounting period are adjusting entries. For example, an entry to record a purchase on the last day of a period is not an adjusting entry. An adjusting entry always involves either income or expense account. ] User: 2. In what business situations would the adjusted financials be important? Why? Weegy: It is especially important for growing businesses because the growth increases the need for working capital and hence makes cash basis businesses look anemic when in fact they may be performing very well. [ [ PAGE 2 ] ] User: define "linear equation" and "function." (More)
Question
Expert Answered
Asked 5/18/2013 5:20:55 PM
0 Answers/Comments
27,234,238 questions answered
Popular Conversations
3 = b + 3
Weegy: (b3)2 is equal to b6. Solution: =(b3)2. =(b3)*(b3). =(b*b*b)*(b*b*b). =b*b*b*b*b*b. =b6. User: x/5 + 9 = ...
3/27/2017 7:19:00 AM| 2 Answers
The right to vote and participate in one's government is a _____ ...
Weegy: The right to vote and participate in one's government is a HUMAN right. User: Atmosphere-ocean ...
3/27/2017 11:42:28 AM| 2 Answers
Simplify the expression (x 6)^3 ?
Weegy: that's not possible! what do you need to know. [s]
3/27/2017 7:09:55 PM| 2 Answers
Which of the following best describes the small problems of daily ...
Weegy: A living will is a legal document that a person uses to make known his or her wishes regarding life prolonging ...
3/27/2017 10:05:20 PM| 2 Answers
Regarding use of the media, spin can best be defined as A. ...
Weegy: Regarding use of the media, spin can best be defined as casting a positive light on negative facts. User: Who ...
3/28/2017 8:09:07 AM| 2 Answers
Decisions should be made with little to no thought. True False
Weegy: False is a statement to a person or group made by another person or group who knows it is not the whole truth, ...
3/28/2017 11:04:20 AM| 2 Answers
With the exception of Nebraska, all states have what type of ...
Weegy: With the exception of Nevada, all states have Bicameral system. User: State governors have all of the ...
3/27/2017 12:29:46 AM| 1 Answers
Weegy Stuff
S
Points 604 [Total 705] Ratings 0 Comments 604 Invitations 0 Offline
S
Points 544 [Total 544] Ratings 0 Comments 544 Invitations 0 Offline
S
P
P
L
P
Points 273 [Total 1591] Ratings 1 Comments 263 Invitations 0 Offline
S
R
Points 205 [Total 305] Ratings 1 Comments 145 Invitations 5 Offline
S
P
P
L
P
P
Points 184 [Total 1636] Ratings 1 Comments 174 Invitations 0 Offline
S
Points 30 [Total 40] Ratings 3 Comments 0 Invitations 0 Offline
S
Points 14 [Total 14] Ratings 1 Comments 4 Invitations 0 Offline
S
P
P
Points 14 [Total 744] Ratings 0 Comments 14 Invitations 0 Offline
S
Points 13 [Total 13] Ratings 1 Comments 3 Invitations 0 Offline
S
Points 12 [Total 12] Ratings 0 Comments 12 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.