This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The purpose of the post-closing trial balance is to make sure the debit balances equal the credit ... (Read 74 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
on: Jul 6, 2018
The purpose of the post-closing trial balance is to make sure the debit balances equal the credit balances before the closing process.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

What questions should the analyst try to answer when analyzing the trend of a firm's sales number?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

verrinzo

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 6, 2018
Answer to Question 1

False

Answer to Question 2

Questions the analyst should attempt to answer include:
a, Are sales growing because the firm is increasing prices or because more units are being sold, or both?
b, Are sales growing in real (inflation-adjusted) as well as nominal (as reported) terms?


09madisonrousseau09

  • Member
  • Posts: 559
Reply 2 on: Jul 6, 2018
Gracias!

patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

The frontal sinus, an airfilled space just behind the brow, is a unique size and shape in each of us The frontal sinus, an airfilled space just behind the brow, is a unique size and shape in each of us
The Nutrient Fact Panel on the food label can help consumers make smart nutrition choices The Nutrient Fact Panel on the food label can help consumers make smart nutrition choices
Severe arthritis can make everyday activities, like writing, typing, and handling objects Severe arthritis can make everyday activities, like writing, typing, and handling objects
Kepler’s Law of Equal Areas Kepler’s Law of Equal Areas
The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ... The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ...
What atomic or hybrid orbital on P make up the sigma bond between P and Cl in phosphorous ... What atomic or hybrid orbital on P make up the sigma bond between P and Cl in phosphorous ...
Video: Endocytosis -Types and Phagocytosis

For a complete list of videos, visit our video library