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Author Question: In the accounting process, the second step is to a. post entries to the ledger accounts. b. ... (Read 69 times)

audie

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on: Jul 6, 2018
In the accounting process, the second step is to
 a. post entries to the ledger accounts.
   b. record the information from a source document.
   c. prepare a trial balance.
   d. record the account numbers in the journal.
   e. prepare an income statement.

Question 2

Peaches Corp. has current assets worth 90,000 and current liabilities worth 75,000. Current assets include inventory of 10,000. Calculate the net working capital of the company.
 
  A) 80,000
  B) 65,000
  C) 15,000
  D) 5,000


Pamela.irrgang@yahoo.com

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Reply #1 on: Jul 6, 2018
Answer to Question 1

a

Answer to Question 2

C
Explanation: C) Net working capital = Current assets - Current liabilities
Net working capital = 90,000  75,000 = 15,000


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