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Author Question: In which order are the following developed? First to last: A = Production budget B = Direct ... (Read 26 times)

RYAN BANYAN

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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


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kthug

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Answer: B

Answer to Question 2

d


RYAN BANYAN

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Reply #2 on: Jul 5, 2018
Thank you :)


kthug

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Reply #3 on: Jul 5, 2018
Happy to help you


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