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 64 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
:D TYSM

bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Like all animals, primates must balance their calories expended searching for food with calories, pr Like all animals, primates must balance their calories expended searching for food with calories, pr
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
Material Balance on Coolers in series Material Balance on Coolers in series
Apply light tapotement on the head. Tapping lightly with the fingertips works well for this purpose. Apply light tapotement on the head. Tapping lightly with the fingertips works well for this purpose.
Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ... Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ...
Post-transcriptional modification of RNA. Introns are removed and exons spliced together. Messenger Post-transcriptional modification of RNA. Introns are removed and exons spliced together. Messenger
Video: Bone tissue types - compact and spongy

For a complete list of videos, visit our video library