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Social Science Clinic => Accounting => Topic started by: RYAN BANYAN on Jul 5, 2018

Title: In which order are the following developed? First to last: A = Production budget B = Direct ...
Post by: RYAN BANYAN on Jul 5, 2018

In which order are the following developed? First to last:
 
  A = Production budget
  B = Direct materials costs budget
  C = Budgeted income statement
  D = Revenues budget
  A) ABDC
  B) DABC
  C) DCAB
  D) CABD

Question 2

Closing entries
 a. need not be journalized if adjusting entries are prepared
  b. need not be posted if the financial statements are prepared from the work sheet
  c. are not needed if adjusting entries are prepared
  d. must be journalized and posted

Title: In which order are the following developed? First to last: A = Production budget B = Direct ...
Post by: kthug on Jul 5, 2018

Answer to Question 1

Answer: B

Answer to Question 2

d

Title: In which order are the following developed? First to last: A = Production budget B = Direct ...
Post by: RYAN BANYAN on Jul 5, 2018

Thank you :)

Title: In which order are the following developed? First to last: A = Production budget B = Direct ...
Post by: kthug on Jul 5, 2018

Happy to help you