Question and answer
Question not found.
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
What are the steps in completing the accounting cycle? How do the different steps affect the financial statements? What is the effect on the financial statements of missing a step when completing the accounting cycle?
Weegy: It would depend on which step you miss. [ If you fail to make year end adjusting entries, your inventory account will probably be over-stated, supplies expenses may be over-stated if supplies are expensed directly, accumulated depreciation will be under-stated, and so on and on... there is no way to tell from the the information given in your question. ] (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 10/23/2012 8:56:16 AM
0 Answers/Comments
What are the steps in completing the accounting cycle? How do the different steps affect the financial statements? What is the effect on the financial statements of missing a step when completing the accounting cycle?
Weegy: steps in the accounting cycle: 1. Identify the transaction and find locate its source document. 2. Record the transaction in the general journal and related journals. 3. Post transactions to the ledger accounts. 4. Prepare the trial balance. 5. [ Make sure the trial balance totals are equal. 6. Prepare any adjusting entries in the trial balance. 7. Create an adjusted trial balance. 8. Create your financial statements. 9. ... (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 10/23/2012 8:58:01 AM
0 Answers/Comments
What are the steps in completing the accounting cycle?
Weegy: The answer are, Transactions, Journal entries, Posting, Trial balance, Worksheet, Adjusting journal entries, Financial statements and Closing the books. the steps in completing the accounting cycle are Transactions, Journal entries, Posting, [ Trial balance, Worksheet, Adjusting journal entries, Financial statements and Closing the books. ] (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 10/23/2012 9:03:38 AM
0 Answers/Comments
What are the pros and cons of using reversing entries? Why are reversing entries optional?
Weegy: Reversing Entries An entry that requires reversing includes amounts entered into the accounting system to allocate expenses that span two accounting periods. [ For instance, if an invoice for an interest-only loan payment is due each month on the 15th, only one-half of the entry applies to the current month, while the other half of the entry applies to the next month. To accommodate this transaction, the accountant would expense half of ... (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 10/23/2012 9:08:09 AM
0 Answers/Comments
• Commercial accounting and generally accepted accounting principles, generally prescribe the accrual basis of accounting over the cash basis. Describe both bases of accounting and explain the differences.
Weegy: Commercial accounting and generally accepted accounting principles, generally prescribe the accrual basis of accounting over the cash basis. [ Describe both bases of accounting and explain the differences. Cash basis is used mostly by small businesses where owners and creditors want a simple way to understand the financial statements. Cash basis is used when a company or creditors does not worry about the accuracy of the ... (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 10/25/2012 9:23:33 AM
0 Answers/Comments
Home | Contact | Terms | Privacy | Social | ©2013 Purple Inc.
Ad
Popular Conversations
hat are the square roots of 324? A. 162 and –162 B. 19 and ...
Weegy: What are the square roots of 324? C. 18 and –18
4/17/2014 10:38:56 AM| 8 Answers
The Filipinos call it the Luzon Sea and the Vietnamese call it the ...
Weegy: The Filipinos call it the Luzon Sea and the Vietnamese call it the East Sea, but however it's named, the SOUTH ...
4/17/2014 6:25:33 PM| 4 Answers
Read the sentence below and answer the question that follows. ...
Weegy: Kindly underline the verb indicated.
4/17/2014 10:31:56 AM| 3 Answers
Which of the following is a solution of y + x
Weegy: One number exceeds another by -5. The sum of the numbers is -1. The numbers are -3 and 2. User: A 20% acid ...
4/17/2014 4:31:53 PM| 3 Answers
WHAT IS NOUN?
Weegy: Nouns are a part of speech typically denoting a person, place, thing, animal or idea. User: WHAT IS ADMIRAL
4/17/2014 4:12:27 AM| 2 Answers
the climax of McClellan's Peninsular campaign in Virginia
Weegy: the climax of McClellan's Peninsular campaign in Virginia McClellan’s Peninsula campaign in the spring of 1862 ...
4/17/2014 4:46:05 AM| 2 Answers
What is the meaning of life today?
Weegy: What is the meaning of life today? A problem with this question is that it is not clear what sort of answer is ...
4/17/2014 5:30:49 AM| 2 Answers
Water sources in the Middle East are __________. A. easily ...
Weegy: Water sources in the Middle East are limited.
4/17/2014 7:08:31 AM| 2 Answers
Kasimir Malevich's images had no reference at all to ...
Weegy: nonrepresentational [ ...
4/17/2014 10:04:42 AM| 2 Answers
The cycle of the moon through its phases, or the synodic month, is ...
Weegy: The cycle cycle of the moon through its phases, or the synodic month is 30 days long.
4/17/2014 10:07:27 AM| 2 Answers
When looking at genetic traits Mendel experimented with pea plants. ...
Weegy: When looking at genetic traits Mendel experimented with pea plants. One of the traits he looked at was flower ...
4/17/2014 10:12:12 AM| 2 Answers
Weegy Stuff
S
L
P
C
P
C
1
L
P
C
Points 1430 [Total 9311]| Ratings 0| Comments 1430| Invitations 0|Offline
S
L
P
C
L
P
C
Points 1416 [Total 6803]| Ratings 0| Comments 1416| Invitations 0|Offline
S
1
L
1
L
P
Points 431 [Total 7108]| Ratings 1| Comments 421| Invitations 0|Offline
S
L
Points 379 [Total 2826]| Ratings 2| Comments 349| Invitations 1|Offline
S
Points 149 [Total 565]| Ratings 0| Comments 149| Invitations 0|Offline
S
1
Points 139 [Total 469]| Ratings 3| Comments 109| Invitations 0|Offline
S
R
Points 120 [Total 232]| Ratings 5| Comments 60| Invitations 1|Offline
S
Points 111 [Total 755]| Ratings 1| Comments 101| Invitations 0|Online
S
Points 105 [Total 105]| Ratings 5| Comments 35| Invitations 2|Offline
S
P
C
L
P
Points 76 [Total 3921]| Ratings 0| Comments 76| Invitations 0|Offline