What is a general ledger - Study guides, Class notes & Summaries

Question 2 Not yet answered Marked out of 1.00 Flag question Question text The following information was obtained from the accounting records of SA Attorneys: On 1 April 2022, A South, a client of the practice, handed a cheque to the amount of R100 000 to Mr Africa and requested him to invest the money in a fixed deposit account at ABC Bank until the money is paid over for a property transaction. Which one of the following statements is incorrect for the above type of investment? Select one:...

Sage Intacct Implementation Exam Questions and 100% Correct Answers 2024 General Ledger: What rolls an account's ending balance, for each reporting period into the retained earnings accounts, effectively making the balance forward for the account zero? - Correct Answer Non-closing accounts General Ledger: What GL configuration option prevents users from entering a journal entry or other transaction that does not balance for the current dimension? - Correct Answer Enforce JE balancing Gene...

Sage Intacct Implementation Exam Questions and Correct Answers General Ledger: What rolls an account's ending balance, for each reporting period into the retained earnings accounts, effectively making the balance forward for the account zero? - ANSWER Non-closing accounts General Ledger: What GL configuration option prevents users from entering a journal entry or other transaction that does not balance for the current dimension? - ANSWER Enforce JE balancing General L...

Question 2 Not yet answered Marked out of 1.00 Flag question Question text The transactions are summarised in the ledgers and contain the information such as names of parties to the transaction, description of transactions, source document numbers etc. Select one: True False Question 3 Not yet answered Marked out of 2.00 Flag question Question text Use the following information to answer the question below: SA Traders is a business that sells electronic equipment. The entity i...

What is a general ledger? - A general ledger account is an account or record used to sort, store and summarize a company's transactions. asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment liability accounts including Notes Payable, Accounts Payable, Accrued Expenses Payable, and Customer Deposits stockholders' equity accounts such as Common Stock, Retained Earnings, Treasury Stock, and Accumulated Other Comprehensive Income What is the differen...

FAC1501 ASSESSMENT 8 SEMESTER 1 2024 Mapungubwe Traders primary business is to buy and sell battery back-up systems and other items to be used during load shedding. Mapungubwe Traders is NOT a registered VAT vendor and applies the principles of the periodic inventory system. On 1 April 2022, Mapungubwe Traders purchased small solar lighting systems from a supplier (registered VAT vendor) to the amount of R13 900 (VAT inclusive) and paid with and electronic funds transfer. Required a. Re...

Sage Intacct Implementation Test Questions And Answers General Ledger: What rolls an account's ending balance, for each reporting period into the retained earnings accounts, effectively making the balance forward for the account zero? - ANSWER- Non-closing accounts General Ledger: What GL configuration option prevents users from entering a journal entry or other transaction that does not balance for the current dimension? - ANSWER- Enforce JE balancing General Ledger: What does an enti...

3D printing - Builds—layer by layer in an additive process—a three-dimensional solid object from a digital model. acceptable use policy (AUP) - A policy that a user must agree to follow in order to be provided access to a network or to the Internet. access point (AP) - The computer or network device that serves as an interface between devices and the network. accessibility - Refers to the varying levels that define what a user can access, view, or perform when operating a system. acc...

SITEWORK, FOOTING, AND FONDATIONS FIRST SECTION A foundation drain shall extend past the outside edge of the footing at least how far? 12 inches What are batter boards? Stakes and ledger boards marking building lines. What is the purpose of a cove or can't strip at a foundation joint? Deflect water from the foundation wall. What is the MINIMUM overlap for the joints in the polyethylene film moisture barrier applied over the exterior of a below grade foundation wa...

ETS MFT BUSINESS EXAM The principal difference between variable costing and absorption costing centers on: a) whether variable manufacturing costs should be included as product costs b) whether fixed manufacturing costs should be included as product costs c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs d) none of these. General Bikes is debating which marketing research options to employ. The traditional p...