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
The question below refers to the selection "By the Waters of ...
Weegy: The question below refers to the selection "By the Waters of Babylon." The many lights that John sees in his ...
4/22/2014 8:51:50 AM| 5 Answers
Identify the function of the italicized noun clause. Cousin Jake's ...
Weegy: The function of the noun clause "that he run the mile in less than four minutes" is a NOUN PHRASE COMPLEMENT.
4/22/2014 9:51:58 AM| 4 Answers
Which sentence uses a verb that agrees with its compound subject? ...
Weegy: Which sentence uses a verb that agrees with its compound subject? A. Pumpkins and grapes are grown on vines. ...
4/22/2014 12:24:12 PM| 4 Answers
(x 2 + 4x + 8)(2x - 1)
Weegy: Simplify: 2x - 8 = 2x - 3. As you can see, there are no values of x that make the equation true. Subtracting 2x ...
4/22/2014 7:19:21 AM| 3 Answers
Ethiopians learned Christian traditions from ___________. a. their ...
Weegy: Ethiopians learned Christian traditions from the Hebrews.
4/22/2014 7:36:55 AM| 3 Answers
If x varies inversely with y and x = 4 when y = 9, find x when y = 6. ...
Weegy: (3x-2) squared is 9x^2 - 12x + 4. User: Find the general term for the sequence -3, 1, 5, 9, .... Weegy: -6
4/22/2014 8:28:58 AM| 3 Answers
How many terms are in the expression shown below? x2 - 10xy + 3y + ...
Weegy: There are 5 terms in the expression x2 - 10xy + 3y + y2 - 1. User: Find the value of 21 - 18 ÷ 3 · ...
4/22/2014 1:25:53 PM| 3 Answers
Who is the owner of GTV vodka
Weegy: Birdman, the rapper, is the owner of GTV vodka.
4/22/2014 11:38:15 PM| 3 Answers
Which of the following represented loyalty to church before loyalty ...
Weegy: D. User: The Glorious Revolution took place in response to the __________. a. actions of James II c. Articles ...
4/22/2014 4:08:32 AM| 2 Answers
At the incident scene, who handles media inquires? A. Public ...
Weegy: At the incident scene, who handles media inquires? D. Communications Officer User: The Liaison Officer: A. ...
4/22/2014 6:09:11 AM| 2 Answers
When should an HIV positive person share his or her status with ...
Weegy: When the person is ready an HIV positive person share his or her status with friends and family.
4/22/2014 6:32:20 AM| 2 Answers
Weegy Stuff
S
L
P
C
L
P
C
Points 1787 [Total 7174]| Ratings 0| Comments 1787| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
Points 1724 [Total 9605]| Ratings 0| Comments 1724| Invitations 0|Offline
S
1
L
C
L
Points 914 [Total 5717]| Ratings 4| Comments 874| Invitations 0|Offline
S
1
L
1
L
P
Points 560 [Total 7237]| Ratings 2| Comments 540| Invitations 0|Offline
S
L
Points 480 [Total 2927]| Ratings 2| Comments 450| Invitations 1|Offline
S
L
1
1
1
Points 291 [Total 3557]| Ratings 7| Comments 221| Invitations 0|Online
S
R
Points 267 [Total 379]| Ratings 6| Comments 187| Invitations 2|Offline
S
Points 205 [Total 205]| Ratings 6| Comments 125| Invitations 2|Offline
S
Points 170 [Total 586]| Ratings 0| Comments 170| Invitations 0|Offline
S
Points 160 [Total 804]| Ratings 1| Comments 150| Invitations 0|Offline