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Explain the best place to find the information if you wanted to see both the debit and credit side of an entry? If you wanted to see the balance of an account where would you look?
To see both the debit and credit side of an entry you would look at the journal. If you wanted to see the balance of an account you would look at the ledger.
Expert answered|debnjerry|Points 26368|
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Asked 2/2/2012 5:38:41 PM
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Compare and contrast the ledger and journal. Do you feel we need both the journal and the ledger? Why/why not?
Weegy: The previous chapter showed how transactions caused financial statement amounts to change. "Before" and "after" examples were used to develop the illustrations. [ Imagine if a real business tried to keep up with its affairs this way! Perhaps a giant chalkboard could be set up in the accounting department. As transactions occurred, they would be communicated to the department and the chalkboard would be updated. Chaos would quickly rule. ... (More)
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Education|No Subcategories|Expert Answered
Asked 2/2/2012 5:28:28 PM
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Explain the best place to find the information if you wanted to see both the debit and credit side of an entry? If you wanted to see the balance of an account where would you look?
Weegy: you can normal good to the bank to see your debt balances that is only you can go. User: Explain the best place to find the information if you wanted to see both the debit and credit side of an entry? If you wanted to see the balance of an account where would you look? Weegy: does your bank have an online account system? (More)
Question
Education|No Subcategories|Expert Answered
Updated 2/2/2012 9:07:46 PM
1 Answer/Comment
If you want to see both the debit and credit side of an entry you will look in the journal. To see the balance of an account you look in the ledger.
Added 2/2/2012 9:07:46 PM
Compare and contrast the use of job-order costing with that of process costing.
Weegy: Similarities between job order and process costing systems can be summarized as follows. Both systems have the same basic purposes-to assign material, labor, [ and overhead costs to products and to provide mechanism for computing unit product cost. Both systems use the same basic manufacturing accountants, including manufacturing overhead, Raw materials, Work in process, and Finished Good. The flow of costs through the ... (More)
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All Categories|No Subcategories|Expert Answered
Asked 2/2/2012 6:52:20 PM
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With examples, explain in detail how the type of industry (automotive, construction, steel, manufacturing, service, etc.) affects the choice of the two costing methods.
Weegy: hello, what is your question? (More)
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All Categories|No Subcategories|Expert Answered
Asked 2/2/2012 7:14:34 PM
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