Which of the following would not include any temporary accounts? Multiple Choice trial balance income statement...
Which of the following would not include any temporary accounts?
Multiple Choice
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trial balance
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income statement
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statement of owner's equity
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balance sheet
Homework Answers
answer) statement of owner's equity
explanation:-
A temporary account is an account that is closed at the end of every accounting period to start a new period with nil balance.this is to be done to understand the profitability of the individual period and to avoid mixing of balances between 2 or more accounting periods.
a statement of owners equity is particularly meant the details of share capital and retained earnings and it wil never contain the accounts of revenue or expense nature.
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Which of the following would not include any temporary
accounts?
Multiple Choice
trial balance
income statement...
Which of the following accounts will appear on the post-closing trial balance? Multiple Choice The owner's...
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Which types of accounts will appear in the post-closing trial balance? Permanent accounts. O Temporary accounts....
Which types of accounts will appear in the post-closing trial balance? Permanent accounts. O Temporary accounts. O Accounts shown in the income statement columns of a work sheet. O None of these.
On a balance sheet, Accumulated Depreciation-Equipment is reported: Multiple Choice as an expense on the Income...
On a balance sheet, Accumulated Depreciation-Equipment is reported: Multiple Choice as an expense on the Income Statement. as a liability on the Income Statement. as owner's equity on the Balance Sheet. as a contra-asset on the Balance Sheet.
Which of the following is a (are) permanent account(s)? Multiple Choice All income statement accounts All...
Which of the following is a (are) permanent account(s)? Multiple Choice All income statement accounts All balance sheet accounts and the Dividends account The Retained Eamings account The Dividend account
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Which of the following statements is not correct? Multiple Choice C ) The audit trial should be used to trace data through the accounting records to find and correct errors. 0 If the postclosing trial balance does not balance, there are errors in the accounting records. 0 The balance of the owner's capital account on the adjusted trial balance will ordinarily be different than that reported on the postclosing trial balance. 0 The balance of the owner's capital account, as...
The trial balance includes which of the following column titles? Multiple Choice asset, liability, owner’s equity...
The trial balance includes which of the following column titles? Multiple Choice asset, liability, owner’s equity debit, credit revenue, expense permanent, temporary
Which of the following statements are true? Multiple Choice If the trial balance is in balance,...
Which of the following statements are true? Multiple Choice If the trial balance is in balance, it proves that no errors have been made in recording and posting transactions The trial balance is a book of original entry. The trial balance is another name for the balance sheet as long as debits balance with credits. Another name for trial balance is chart of accounts. The trial balance is a list of all accounts from the ledger with their balances at...
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet....
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet. Enter any decreases with a minus sign or parentheses SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 19,200 Accounts Receivable 10,600 Office Supplies 200 Expenses: Prepaid Rent 12,800 Furniture 22,500 7.700 Accounts Payable Salaries Payable Interest Payable 2,500 600 300 Total Expenses Unearned Revenue 6,400 9,000 25,400 Net Income Notes Payable Bright, Capital Bright, Withdrawals 32,700 Service...
i need help with this question A post-closing trial balance could include all of the following...
i need help with this question
A post-closing trial balance could include all of the following accounts except the: Multiple Choice Accounts Receivable account. owner's capital account. Fees Income account. Cash account. < Prevw e to search
Which of the following accounts will appear on the post-closing trial balance? Multiple Choice The owner's drawing account Fees Income The owner's capital account Rent Expense
Which types of accounts will appear in the post-closing trial balance? Permanent accounts. O Temporary accounts. O Accounts shown in the income statement columns of a work sheet. O None of these.
On a balance sheet, Accumulated Depreciation-Equipment is reported: Multiple Choice as an expense on the Income Statement. as a liability on the Income Statement. as owner's equity on the Balance Sheet. as a contra-asset on the Balance Sheet.
Which of the following is a (are) permanent account(s)? Multiple Choice All income statement accounts All balance sheet accounts and the Dividends account The Retained Eamings account The Dividend account
Which of the following statements is not correct? Multiple Choice C ) The audit trial should be used to trace data through the accounting records to find and correct errors. 0 If the postclosing trial balance does not balance, there are errors in the accounting records. 0 The balance of the owner's capital account on the adjusted trial balance will ordinarily be different than that reported on the postclosing trial balance. 0 The balance of the owner's capital account, as...
Which of the following statements are true? Multiple Choice If the trial balance is in balance, it proves that no errors have been made in recording and posting transactions The trial balance is a book of original entry. The trial balance is another name for the balance sheet as long as debits balance with credits. Another name for trial balance is chart of accounts. The trial balance is a list of all accounts from the ledger with their balances at...
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet. Enter any decreases with a minus sign or parentheses SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 19,200 Accounts Receivable 10,600 Office Supplies 200 Expenses: Prepaid Rent 12,800 Furniture 22,500 7.700 Accounts Payable Salaries Payable Interest Payable 2,500 600 300 Total Expenses Unearned Revenue 6,400 9,000 25,400 Net Income Notes Payable Bright, Capital Bright, Withdrawals 32,700 Service...
i need help with this question
A post-closing trial balance could include all of the following accounts except the: Multiple Choice Accounts Receivable account. owner's capital account. Fees Income account. Cash account. < Prevw e to search
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