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 182 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
YES! Correct, THANKS for helping me on my review

ttt030911

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

The Scopes Trial: William Jennings Bryan (right) represented the state of Tennessee, and Clarence Da The Scopes Trial: William Jennings Bryan (right) represented the state of Tennessee, and Clarence Da
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.
To make an ice pack, place crushed ice in a plastic bag, bleed the air out of it, and seal it. Wrap To make an ice pack, place crushed ice in a plastic bag, bleed the air out of it, and seal it. Wrap
When connecting a starter tester such as a Sun VAT 45 to the vehicle, make certain that the ... When connecting a starter tester such as a Sun VAT 45 to the vehicle, make certain that the ...
Each cell nucleus throughout the body contains the genes, DNA, and chromosomes that make up the ... Each cell nucleus throughout the body contains the genes, DNA, and chromosomes that make up the ...
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
Video: Vascular tissues in a corn stem and a buttercup root

For a complete list of videos, visit our video library