General ledger problem - Study guides, Class notes & Summaries

CMCA questions and answers latest top score. Resolution - ANS. Is a motion that follows a set format and is formally adopted by the board of directors. Community Association - ANS. Is a legal entity in which the owners enjoy the protection, enhancement, maintenance and preservation of their homes and property. Characteristics of a Community Association - ANS. Mandatory membership, mutually binding documents and lien-based assessments. Lien - ANS. Is ...

1 AIC PREP UH EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ A 'place concrete' activity requires the placement of 2080 cubic yards. If the individual production rate is 2 cubic yards per work hour per person, with a 10-person crew and 8 hour workday, how many days are needed to complete this activity? a. 13 b. 26 c. 104 d. 130 Correct Answer: a. 13 A topographical map is a drawing showing? a. Subsurface soil conditions b. A general profile view of th...

Definition and Rule of Inurement - Diversion of funds to persons in governance or mgt as a result of their position of trust - Directors, officers, trustees are prohibited from engaging in business that allows them to derive financial advantage from their governing board role (conflict of interest) What is a best practice (as far as how soon in days) in receiving payments from date of invoice? Less than 50 days Definition of working capital Amount of cash required to support op...

QuickBooks Certification Exam Practice 111 Questions with Verified Answers Which of the following should you do at the end of an accounting period? - CORRECT ANSWER all of the above: - reconcile cash, credit card, and loan accounts against period-end statements - run reports for the period and verify their accuracy - enter depreciation entries which of the following is true? - CORRECT ANSWER the total credits must match the total debits in each general journal entry when might you ne...

ACCT 2401 ALL ONLINE TEST ACCOUTING QUESTIONS AND ANSWERS AVAILABLE 2022-2023 • If total sales is $90000, office expenses is $30000 and rent expense is $15000, profit or loss is which of the following? Selected Answer: $45000 profit Answers: $45000 profit $45000 loss $75000 loss $75000 profit Feedback: Profit equals $45000 = ($90000 – $30000 – $15000). Learning Objective 2.3 ~ outline the basic financial statements used in business to report to users for decision-making ...

CFE Exam 349 Questions with Verified Answers Falsified Hours & Salary Schemes - CORRECT ANSWER The most common method of misappropriating funds from the payroll is the overpayment of wages. For hourly employees, the size of a paycheck is based on two factors: the number of hours worked and the rate of pay. Therefore, for hourly employees to fraudulently increase the size of their paycheck, they must either falsify the number of hours they have worked or change their wage rate. Common ways ...

Solutions Manual for Financial Accounting 8th Canadian Edition Libby Chapter 01 - Financial Statements and Business Decisions Chapter 1 Financial Statements and Business Decisions ANSWERS TO QUESTIONS 1. Accounting is a system that collects and processes (analyzes, measures, and records) financial information about an organization and reports that information to decision makers. 2. Financial accounting involves preparation of the four basic financial statements and related disclosu...

doctrine of separation of powers provides a foundation for - Answer government financial management govt entity can be classed as - Answer general or special purpose US constitution written - Answer 1787 Most school district in US - Answer Independent District Role of federal CFO - Answer codified in the Chief Financial Officer act of 1990 telework - Answer working from home or other remote location Anti-fraud policies - Answer a formal code of conduct frames the behavioral e...

A copay is the patient's share of the insurance premium. - False The term reconciliation means? - Determining how much the provider has been reimbursed and how much patient owes EOB (explanation of benefits) - Sent to policyholder RA (remittance advice) - Report from 3rd party payer to provider Medicare Summary Notice (MSN) - Sent to Medicare patients 3 non medical codes used by Medicare to explain claims - Group codes, claims adjustment reason codes, and remittance advise remark codes (...

WGU D217 CHAPTER 1-16 AND ALL UNIT QUIZES Li has implemented a new accounting information system (AIS) to help him manage his construction company. Li uses the information captured by the system to plan each project forecasting the requirements for raw materials and the cash flow expected. Which AIS subsystem helps Li in planning? A. Transaction Processing System (TPS) B. Management Information System (MIS) C. General Ledger System (GLS) D. Management Reporting System (MRS)., D The M...