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 186 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
Great answer, keep it coming :)

chjcharjto14

  • Member
  • Posts: 342
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Three Sushi Does Not Make an EggRoll Three Sushi Does Not Make an EggRoll
Wild chimpanzees make and use simple tools to obtain food, learning tool making from one another. Wild chimpanzees make and use simple tools to obtain food, learning tool making from one another.
The Canadian ballot is considerably simpler than the American ballot. Note there is nothing like a c The Canadian ballot is considerably simpler than the American ballot. Note there is nothing like a c
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Latest Post Display Latest Post Display
Kepler’s Law of Equal Areas Kepler’s Law of Equal Areas
Video: Introduction to Tuberculosis

For a complete list of videos, visit our video library