b) If the trial balance can be ‘in balance’ and still have errors‚ give examples of the type of errors that can occur leaving the trial balance in balance. For example‚ if $523 is the correct amount to be entered for both credit and debit side but entered $532‚ trial balance will show the same amounts for both debit and credit side but contains error. In addition‚ reverse entries can cause trial balance to be in balance but still contains error. For example‚ instead of recording debit
Premium Balance sheet Generally Accepted Accounting Principles Asset
INTRODUCTION: Trial balance is a statement which shows debit balances and credit balances of all accounts in the ledger. Since‚ every debit should have a corresponding credit as per the rules of double entry system‚ the total of the debit balances and credit balances should tally (agree). In case‚ there is a difference‚ one has to check the correctness of the balances brought forward from the respective accounts. Trial balance can be prepared in any date provided accounts are balanced. DEFINITION
Premium Accounts receivable Double-entry bookkeeping system Accounting software
1 Trial balance 3.1.1 The source and structure of trial balance A trial balance is a list with two columns‚ which are debit and credit. It is important to every company that they need to check the errors that maybe made during enter the transactions into general accounts. If the principles of the double entry have been correctly applied to the recording of transactions in ledger accounts‚ the total of debit balances will equal to the total of credit balances. So the total of the debit column should
Premium General ledger Double-entry bookkeeping system Bookkeeping
Water Balance Adipose tissue is one of the most hydrated of all tissues in the human body. False The most abundant cation in intracellular fluid is sodium. False Electrolytes determine most of the chemical and physical reactions of the body. True Solutes‚ regardless of size‚ are able to move freely between compartments because water carries them along the osmotic gradients.False The thirst center in the brain is located in the hypothalamus.True Dehydration can be caused by endocrine disturbances
Premium Water Nutrition Dehydration
Don’t print out this page!!!!!!!!!!!!!!! P3 describe the physiological responses common to most sports injuries P4 describe the psychological responses common to sports injuries M2 explain the physiological and psychological responses common to most sports Injuries D1 analyse the physiological and psychological responses common to most sports Injuries Content Know about a range of sports injuries and their symptoms Physiological responses: damaged tissue‚ eg primary damage
Premium Blood Coagulation Thrombus
Exercise 10: Acid/Base Balance Worksheet Respiratory Acidosis and Alkalosis Activity 1: Normal Breathing 1. At 20 seconds‚ pH = 7.4 2. At 40 seconds‚ pH = 7.4 3. At 60 seconds‚ pH = 7.4 4. Did the pH level of the blood change at all during normal breathing? If so‚ how? No 5. Was the pH level always within the “normal” range for the human body? Yes 6. Did the PCO2 level change during the course of normal breathing? If so‚ how? No Activity 2a: Hyperventilation – Run 1 1. At 20
Premium PH Carbon dioxide
Lerriuqs is the owner of Awree Natcacnotus Inc. The company‚ which operates under US GAAP‚ buys and resells electronics throughout the Pacific Northwest‚ and its fiscal year runs from January 1 to December 31. Its first year of operations was 2011. The Company has one owner‚ Lerriuqs‚ and financial statements and adjustments are prepared only at the end of the year. The accountant has resigned and Lerriuqs has hired you to help with the business’s December transactions and preparation of Financial
Premium Generally Accepted Accounting Principles Balance sheet Accounts receivable
Starbucks Access the Internet to acquire a copy of the most recent annual report for the publicly traded company used to complete the Financial Reporting Problem‚ Part 1 assignment due in Week Six. Analyze the information contained in the company’s balance sheet and income statement to answer the following questions: •Are the assets included under the company’s current assets listed in the proper order? Explain your answer. The current assets should be listed in the order of liquidity. The
Premium Balance sheet
Marketing Plan Worksheet This worksheet is a complement to the study guide for both the MKT1. The purpose of this worksheet is to help you think about and apply important marketing concepts to Company G. By working through the exercises and matrices introduced in this worksheet (Section A‚ Section B‚ and Section C)‚ you are laying the foundation for your marketing plan required in this assessment. This worksheet should be completed before you write your Marketing Plan‚ for which a template
Premium Marketing
800 ______ 11. Salaries Payable 800 Cash 800 ______ 12. Accounts Receivable 600 Service Fees Earned 600 PROBLEM 3-2C Gary Company follows the practice of recording prepaid expenses and unearned revenues in balance sheet accounts. Gary’s annual
Premium Generally Accepted Accounting Principles Accounts receivable Balance sheet