The purpose of preparing a trial balance is to: A) Calculate profitB) Find net assetsC) Check arithmetical accuracy of booksD) Determine depreciationneed help!!
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The purpose of preparing a trial balance is to:
A) Calculate profit
B) Find net assets
C) Check arithmetical accuracy of books
D) Determine depreciation
need help!!
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- The purpose of preparing a trial balance is to: A) Calculate profitB) Find net assetsC) Check arithmetical accuracy of booksD) Determine depreciationi neees explanation!!The purpose of preparing a trial balance is to: A) Calculate profitB) Find net assetsC) Check arithmetical accuracy of booksD) Determine depreciationWhat is the main purpose of preparing a trial balance? A) To calculate profitB) To prepare tax returnsC) To check arithmetical accuracyD) To calculate depreciation help me in this q
- What is the main purpose of preparing a trial balance? A) To calculate profitB) To prepare tax returnsC) To check arithmetical accuracyD) To calculate depreciationDepreciation is recorded in the books to:A. Allocate the cost of an asset over its useful lifeB. Estimate the resale value of assetsC. Track market valueD. Match expenses with liabilities need helpI need help Which item is included in current assets?A. EquipmentB. Accumulated DepreciationC. Accounts ReceivableD. Goodwill
- Depreciation is recorded in the books to:A. Allocate the cost of an asset over its useful lifeB. Estimate the resale value of assetsC. Track market valueD. Match expenses with liabilitiesWhich of the following statements relating to the Accumulated Depreciation account is correct? Select one: O a. The normal balance of the Accumulated Depreciation account is a debit balance. O b. The Accumulated Depreciation account allows the accountant to determine the precise market value of the related asset. O c. The Accumulated Depreciation account is classified as a Liability account. O d. The balance in Accumulated Depreciation account reflects the portion of the historical cost of the asset that has become expense since the item was purchased.Depreciation is recorded in the books to:A. Allocate the cost of an asset over its useful lifeB. Estimate the resale value of assetsC. Track market valueD. Match expenses with liabilities no ai
- An increase in an asset account is recorded with a:a) Creditb) Debitc) Contra-entryd) TransferMl helpDepreciation is recorded in the books to:A. Increase asset valueB. Reflect fair market valueC. Allocate asset cost over timeD. Improve cash flow correct solWhat is the purpose of depreciation?A. Track the market value of assetsB. Match the cost of an asset to the periods it benefitsC. Allocate cash flowsD. Record the decrease in asset liquidity
