36. The term footing refers to the: process of obtaining the top number in an account. process of obtaining the bottom number in an account. O process of posting.

Q: Describe an account and its use in recording transactions.

A: Accounting reports are papers and books used to manage records.

Q: What entry would you use to account for the initial transaction?

A: The accounting process consists of various steps to record, analyze and report the data.

Q: 19.The Post. Ref. column in the general journal is used to show that an account has been posted to…

A: Ledgers - Ledgers are the tabular summary transactions entered into by the organization in the…

Q: Which of the following accounts is increased by a debit?A. Common StockB. Accounts PayableC.…

A: Debit and credit are two sides of account in accounting framework. All assets, expenses and…

Q: 1. What are the advantages of the use of a ledger? 2. What are the steps in posting from Journal to…

A: Introduction:- Ledger is a collection of all accounts debited and credited in the journal. It assist…

Q: anufactures laptop computers for sale in its own stores and for sale December 1, Kingbird accepted…

A: A journal entry is a record of a company financial activities kept ina accounting records. The…

Q: Prepare the appropriate journal entries for the above transactions for Ayayai Corporation.

A: Ayayai Corporation is Buying Trucks for their Business Let put the Journal Entries for all the three…

Q: The subsidiary ledger that includes customer account activity is called the a. asset ledger b.…

A: Under subsidiary ledger, all activities related to customer is recorded.

Q: Which of the following accounts has a normal credit balance? X a. Accounts Receivable b. Yura Wun,…

A: Under double entry accounting system each account have debit or credit balance.All assets have debit…

Q: Which of the following is the order of steps to journalize an entry? O A. Record the transaction…

A: Journal entries refer to the recording of transactions in an appropriate way. With the help of…

Q: The process of comparing the debit and credit column totals of a journal for equality is an example…

A: Eliminating the incorrect options:a. Reconciling: Reconciling involves resolving discrepancies or…

Q: Which of the following types of transactions can be uploaded into QBO using the Receipt action.…

A: QBO : It stands for QuickBook Online, an online platform for recording the business transactions.…

Q: Documentary evidence of transaction is called as O a. voucher O b. chart of accounts O c. invoice O…

A: Invoices is commercial document issued by a seller to the buyer in connection with a sale…

Q: Once you post the transaction to the general ledger, you must go back to the general journal and…

A: General journal is defined as an accounting book in which each business transactions are recorded…

Q: What is keying? Im O Sorting account balances from the adjusted trial balance to their proper…

A: In Accounting there are adjustment entries which  are usually done at the end of accounting year  to…

Q: What is meant by reconciling an account?

A: 1. Usually, an account has a lot of transactions in a particular year. As accountant and auditors,…

Q: Prepare journal entries on the books of Tamarisk Company to record these transactions. (Credit…

A: Journal is a record of financial transactions in chronological order.It provides a detailed account…

Q: Bramble Corporation builds in-home theater systems. Bramble's business is growing quickly.…

A: Journal entry is a primary entry that records the financial transactions initially.

Q: The next step after the preparation of ledger is

A: General ledger can be defined as the second process in the accounting cycle, where the closing…

Q: Differentiate general journal from a ledger. 2. Is every transaction posted immediately to the…

A: The process of recording business transactions in the books of accounts for the first time is…

Q: What does it mean when Drawings has a normal debit balance or a normal credit balance? Please…

A: Meaning of Drawings:- In accounting, the term "Drawings" refers to the withdrawals made by the owner…