Is the result in the adjusted trial balance debit or credit

Assignment Help Accounting Basics
Reference no: EM132010693

Question - If an account has a debit balance, the adjustment requires a credit to that account. The debit amount is higher than the credit amount. Is the result in the Adjusted Trial Balance a debit or credit? Also, let's say an account has a debit balance. The adjustment requires a credit to that account. The credit amount is higher than the debit amount. Is the result in the Adjusted Trial Balance a debit or credit?

Reference no: EM132010693

Questions Cloud

Determine the growth of business tort liability : Determine the growth of business tort liability in the pharmaceutical industry and discuss where and why tort reform is needed.
How the resulting financial statements would be misstated : Assume manufacturing company included in inventory (12/31/2014) all items from five cases above. Explain how resulting financial statements would be misstated
The rate that risk-free security would pay : The rate that a risk-free security would pay if no inflation were expected over its holding period is called the _______ rate.
Why firms codify so many processes into erp system : If continuous improvement is the key to remain competitive, then why firms codify so many processes into enterprise resource planning (ERP) systems?
Is the result in the adjusted trial balance debit or credit : The credit amount is higher than the debit amount. Is the result in the Adjusted Trial Balance a debit or credit
Find the probability that the company will meet its goal : a. Find the probability that the company will meet its goal on a particular 100 miles of line.
What is the range of possible cost savings : What are the various ways in which domestic firms enter international markets? What are the benefits and risks of each strategy of foreign market entry?
Confidence interval for the mean of the sample : If this is the actual mean of the population, which of these values would be within the 95% confidence interval for the mean of the sample?
Prepare cash flow statement : Prepare Cash Flow Statement. Purchase Machinery for 10000. Paid 3000 in Cash and signed long term payable for the remainder amount

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd