User Account

All Pages

What is the benefit of preparing post-closing trial balance

Assignment Help Accounting Basics
Reference no: EM131661716

Question -

Why is it important to prepare the financial statements BEFORE the closing activities?

What is the benefit of preparing the post-closing trial balance and Classified Balance Sheet after the closing entries are made?

Reference no: EM131661716

Questions Cloud

Compute the net income for orson company : Given the following information, compute 2015 net income for Orson Company. Stockholder's Equity January1 2015 - $120,000
What factors may affect mix of inputs use to produce product : What factors may affect the mix of inputs used to produce the product or service? To what extent does your chosen company benefit from economies of scale?
Describe how experimental and quasi-experimental designs : Briefly describe how experimental and quasi-experimental designs are used in estimating impacts of social programs.
Discuss which is the appropriate action by the nurse : Two hours after the last injection, the client rings the call bell to report a pain scale of 9. Which is the appropriate action by the nurse
What is the benefit of preparing post-closing trial balance : What is the benefit of preparing the post-closing trial balance and Classified Balance Sheet after the closing entries are made
Describe inventory control practice and uses of technology : Include a brief summary of the organization. Describe inventory control practice and uses of technology within the organization (ERP).
Describe the components of time cost in health care : Describe the components of time cost in health care. Is time less costly for patients with higher wage rates. Explain
What are the characteristics of a public good : Explain the unique characteristics of the four primary market structures
Medical-care prices would be lower : If there were not third parties in medical care, medical-care prices would be lower. Do you agree or disagree? Explain your anwser.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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