Which among the 4 common errors that leads to unbalanced account is the HARDEST to resolve. Explain Why.

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Answer 1

The common errors that leads to unbalanced account and are the easiest to resolve includes the error of Omission, Commission. Original Entry and Duplication.

In accounting, there are different type of error that could result to the unbalanced account, that is, leaving the Trial balance or Balance sheet unbalanced.

Generally, the recognized type of errors in accounting includes:

Error of Original EntryError of DuplicationError of OmissionError of Entry ReversalError of Principle Error of CommissionTransposition ErrorsRounding Errors etc

In conclusion, the common errors that leads to unbalanced account and are the easiest to resolve includes the error of Omission, Commission. Original Entry and Duplication because they are easy to correct.

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Related Questions

Barry pays $200 per month for his insurance coverage, whether he uses it or not. This payment is called a ______.

Answers

Answer:

Premium

Explanation:

The amount of $200 that Barry pays per month for his insurance coverage is called an insurance premium.

What is an insurance premium?

An insurance premium is a periodic payment made by the insured to the insurer for insurance coverage.  The insurer or insurance company uses it to pool resources together so that in the event of a financial loss, suffered by a policyholder, the insured will be adequately compensated.

Thus, the amount that Barry pays per month for his insurance policy is called an insurance premium.

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When a company deliberately ships either more or less to a customer than required, this is called:.

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Strategic logistics is when a company deliberately ships more or less than what is required to a customer.

A logistics strategy refers to attitudes or driving forces that help to coordinate plans or goals between partners across the supply chain.

The situation described in the question is Strategic logistics because it will help the overall process of supply chain.

Hence, a policy called Strategic logistics is when a company deliberately ships more or less than what is required to a customer.

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________ strategy involves the types of decisions made and direction created for a company that operates multiple lines of business.

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Corporate strategy involves the types of decisions made and direction created for a company that operates multiple lines of business.

A serious rumor is spreading through the grapevine that eight managers in the Northeast Region will be fired due to underperformance. The stores are buzzing with speculation about this rumor, upsetting managers and sales staff and distracting them from doing their jobs. What method do you choose to address this matter

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The best method which should be chosen to address this matter regarding the rumor about the firing of managers in the company is:

Make the firing decision immediately so that business can return to normal and replacements made

According to the given question, we are asked to state the best method to be chosen to address this matter regarding the rumor about the firing of managers in the company

As a result of this, we can see that when rumors like this circulate around the workplace, the output of the workers would reduce and this would have a negative impact in the company. It would best  to make a decision quickly so that business would resume as normal.

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What is the most important factor of producing goods

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Answer:

Human capital is the most important factor of production because it puts together land, labour and physical Capital and produce an output either to use for self consumption or to sell in the market. It includes the skilled and unskilled work force of a nation.

instructions:wikarambulan is a sound like game. by saying\pronouncing and connecting the word, reveal the elements and factors of principles, tools and techniques in creating a business. write your answer on the blank space provided in the side of the paper.
1. IS TRE ENGCKS
2. OP FORTUNE NI TEAS
3. WEEK NEST CES
4.THREE EATS
5. IN DUST TREE
6. END BY RON MEANT ALL
7. PIE HAVE FOUR ZEST
8. ENCHO NO MEEK
9. SOAP FLYER
10. COST TOO MHER​

Answers

Answer:

1.strengths

2.opportunities

3.weakneses

4.threats

5.industry

6.environment

8.economic

9.supliyer

10.customer

why do most businesses have no employees other than the owner

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HI, OUR MATCHLESS LOVING HOLY TRUE BEGOTTEN CHRIST JESUS LOVES YOU!!!OUR MATCHLESS HOLY CREATOR  GOD!!

Most businesses have no employees other than the owner because it is the easiest form of business to run. I believe most of the business owners don't earn their entire income from the business because they have to pay all the bills for it, and etc.

50 POINTS

Brad is not a huge fan of kids but loves to work with animals. The early childhood development pathway of the human services cluster would be a good fit for brad.

TRUE OR FALSE

Answers

yes , it's true because he actually says that he's not a huge fan of kids so he might be awkward around them but as he Loves animals he would like to be and spend time with them .

Answer:

Brad is not a huge fan of kids but loves to work with animals. The early childhood development pathway of the human services cluster would be a good fit for brad.

FALSE

srry I answered late (•-• ;)

Which department of the U.S. federal government was budgeted to spend over $582 billion on goods and services in fiscal year 2017, making it one of the largest B2B spenders in the country

Answers

The answer is Department of Defense

What kind of advertising might firms use when products already have solid brand recognition and market acceptance and are in the maturity stage of their life cycles

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Reminding people of a product help bring their focus back to a particular product. The kind of advertising that might firms use when products already have solid brand recognition and market acceptance and are in the maturity stage of their life cycles is called Reminder Advertising.

Reminder Advertising that is focused at reminding the target consumer that a product is very much available.

It is linked with products in the mature stage of their life cycle. It is popularly called Retentive Advertising.

Reminder Advertising helps to reminds people about the need for a particular product or service.

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A couple has a joint net worth of $12,000,000. If one dies in 2021, the taxable amount of the estate is:

Answers

the answer id 0


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relative to those with low levels of social support, individuals with high levels of social support ________.

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Social support refers to the help rendered by different institutions in society. Family members, social institutions, and religious bodies all play a vital role. Relative to those with low levels of social support, individuals with high levels of social support

Tend to tolerate stress well

Experience has shown that when individuals have supportive family members and social institutions they will respond more positively to stress. ]

This is because they will receive encouragement that will push them to forge on and not give up. This makes them stronger.

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A chocolate store that sells hand-painted chocolate charges artificially high prices for its chocolates because customers associate high prices with superior quality. This is an example of

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When the chocolate store charges high prices for its chocolates because high prices is associated with superior quality, then, it is an example of prestige pricing.

Prestige pricing refers to a pricing strategy where prices are set high because people believed that high product price is related to superior quality.

Example of product where prestige pricing is applied includes luxury phones, watches, perfumes, luxury automobiles etc.

Therefore, when the chocolate store charges high prices for its chocolates because high prices is associated with superior quality, then, it is an example of prestige pricing.

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one of the main disadvantages of the corporate form is the

Answers

Answer:

Double taxation to shareholders of distributed earnings and dividends.

Explanation:

The Khaki Corporation has the following budgeted sales data:

January February March April
Cash Sales $70,000 $90,000 $80,000 $70,000
Credit Sales $400,000 $350,000 $300,000 $320,000

The regular pattern of collection of credit sales is 40% in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted cash receipts for April would be:T____________

Answers

The Khaki Corporation's budgeted cash receipts for April is $383,000.

Data andCalculations:

                                  January      February         March            April

Cash Sales              $70,000       $90,000     $80,000       $70,000

Credit Sales         $400,000     $350,000   $300,000     $320,000

Cash collections:

40% sales month $160,000      $140,000    $120,000      $128,000

50% 1st month                          $200,000     $175,000      $150,000

10% 2nd month                                                $40,000       $35,000

Total collections from credit sales for April                     $313,000

Cash Sales            $70,000      $90,000       $80,000       $70,000

Total budgeted cash receipts for April =                         $383,000

Thus, the budgeted cash receipts for the month of April would be $383,000.

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mention any five methods of doing off season vegetables farming,​

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Answer:

the methods of doing off season vegetables farming are:-

Taking use of and utilising various agro-climatic conditionsImproved varieties are chosen.Adjustment of planting time.Making plastic tunnels, polythene houses, and permanent glass houses to provide controlled environmental conditions.

the free market idea is generally associated with which economic system?

Answers

Answer:

The term “free market” is sometimes used as a synonym for laissez-faire capitalism. When most people discuss the “free market,” they mean an economy with unobstructed competition and only private transactions between buyers and sellers.

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k purchased a life insurance policy in 1986 which paid 10% interest in the early years of the policy. 20 years after the purchased, she received a notice from the insurer stating that the policy will soon terminate unless a much higher premium is paid because because of falling interest rates. this type of policy is known as a life policy

Answers

The above type of policy is known as a universal life insurance life policy.

What is universal life insurance?

Universal life insurance is a form of permanent insurance, which indicate that coverage can last throughout lifetime so long as premiums are paid. It is the cost of insurance that refers to the amount of money charged by the insurer to cover you.

The Universal Life Policy can be considered as a kind of permanent life insurance. Also, an individual is covered along with his/her life.

The universal life insurance policyholder can see the following:

The expense charges. The interest earned.Cost of insurance.

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Suppose the customer data analysis software used by ABC Bank is significantly changed, and its documentation is therefore revised, but no new features are added. This type of maintenance is called a _____.

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Based on the information given this type of maintenance is called a maintenance release.

A maintenance release is a release which help to make correction on security issues such as threat  or vulnerability without modifying or adding new features to the software.

Maintenance release help to fix or repair programming errors that  occur during the software life cycle stage or programming error that occur due to mistake during the requirement stage validating process.

Software that are released often undergo a maintenance release so as  detect and fix any error or bug that was detected.

Inconclusion this type of maintenance is called a maintenance release.

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Imagine you are working as an insurance broker, and a company comes to you wanting to insure one of its production factories. Identify at least two distinct risks you would analyze as you decide what kind of coverage and premiums this client can expect to pay in order to be fairly and sufficiently insured.
30 POINTS IF YOU KNOW THE ANSWER ASAP!!!!!!
EXPLAIN REASONING

Answers

The client should pay an amount based on the company and how many they had to pay in the past. Making it fair and expecting what could happen, so the client can be insured. I hope that makes sense.

The client should pay a sum determined by the business and how much they have previously been required to pay. Making it fair and anticipating potential outcomes will enable the client to obtain insurance. I think you get the picture.

What is the insurance?

Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing. If an accident occurs and you don't have insurance, you can be liable for all associated expenses.

Risk analysis comes in two primary flavors: qualitative and quantitative. Let's find out more about these two methods. working as an insurance broker, and a company comes to you wanting to insure one of its production factories

Therefore, By the company comes to you wanting to insure one of its production factories. qualitative risk is there

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Employee turnover at a company is low overall, but many employees from one department are seeking transfers to other divisions. Which situation is most likely an explanation for the employees seeking to leave their department

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One situation that is likely to be an explanation for employees looking to leave their department is an increase in workplace conflicts.

This situation is known as voluntary turnover, where employees choose to leave a department, due to some adverse situation such as a conflict, or in search of better job opportunities.

Therefore, it is necessary to implement actions that reduce labor turnover, analyzing the causes of the increase in this instance, in an attempt to improve the work environment with greater communication, integration, training and cooperation.

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How do we minimize short run cost and maximize short run profits?​

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In the short run, a firm that is maximizing its profits will:-

Increase production if the marginal cost is less than the marginal revenue.Decrease production if marginal cost is greater than marginal revenue.Continue producing if average variable cost is less than price per unit.__________________________

Why is it necessary to have a W-2 or 1099 form when using tax preparation software?

Answers

It is necessary to have these forms because they would help to report income that is gotten by a person that are not through employment.

The 1099 helps to record the amount that is earned by a person who is not employed.

The 1099 helps to calculate either the dividends that a person gets through the fact that they own stocks or the interests that they accrue from keeping their money in the bank.

The W-2 is used by employers to record the income of their employees. The W-2 also tells the employee the amount of taxes that was withheld from their pay.

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Gundy Company expects to produce 1,299,600 units of Product XX in 2017. Monthly production is expected to range from 73,600 to 118,800 units. Budgeted variable manufacturing costs per unit are direct materials $3, direct labor $6, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision are $2.Prepare a flexible manufacturing budget for the relevant range value using 22,600 unit increments.

Answers

                        Monthly Flexible Manufacturing Budget

                                   For  the Year 2017

Activity level

Finished units                                           73,600     96,200        118,800

Variable costs

Direct materials($3)                              $220,800   $288,600  $356,400

Direct labor($6)                                     $441,600    $577,200   $712,800

Overhead($9)                                        $662,400   $865,800  $1,069,200

Total variable costs                              $1,324,800 $1,731,600 $2,138,400

Fixed cost

Depreciation[($6 * 1,299,600) 12]        $649,800    $649,800    $649,800

Supervision[($2 * 1,299,600) / 12]        $216,600    $216,600    $216,600

Total fixed costs                                    $866,400   $866,400    $866,400

Total costs                                            $2,191,200 $2,598,000 $3,004,800

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write Description the day was hot.

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Answer:

Hope my answer helps you (⌒▽⌒)

Explanation:

A hot summer is more a punishment than a gift. The unbearable heat makes us uncomfortable and lethargic.The period between dawn and sunrise is a lovely sight. The twilight scene is most appealing. The calm and serene atmosphere, the cool and bracing climate and the refreshing breeze soothe our spirits. The sweet chirping sound of birds appears to be the most enchanting.After some time, we can see the golden disc of the rising sun in the East. It is slightly hot. But as the day advances, temperatures keep increasing. People who are out, begin to come back in order to avoid the oppressive heat. At noon the sun is red hot. People are hardly seen outside. Farmers stop ploughing their fields during these hot hours. The doors and windows of the houses are closed. People sit in their rooms, which are kept cool by fans, desert coolers and air conditioners. Some have to go to the offices. Their clothes become wet with perspiration. One feels very uneasy due to this.The afternoon is the hottest. The piercing rays of the sun fall on the ground. The heat is unbearable and oppressive during the afternoon.

capital is the amount of money paid into a company by its owners. true or false?

Answers

Answer:

True. The Capital is the amount of money invested into a company by its owners.

Education benefits both students and the community. Suppose students purchasing education consider only their own benefits when determining how much education to obtain and schools supplying education consider only their costs when determining how much education to supply.

Answers

Education has help man to be able to shape a better society to live in by knowing and obeying rights, laws etc. In this situation, the social benefit will be Greater than the private benefit and the amount of education produced will be below the socially efficient amount.

Education has help in a lot of ways. These ways includes;

It has help to become better citizens.It has also help people to secure  better-paid job. Education shows us the essence of hard work.

Community education is also called community-based education. This is simply  an organization's programs aim to promote learning and social development work with individuals and groups in a said communities through the agent of  formal and informal methods.

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You have taken over as the new manager of a department. The employees are interested in doing their work well and have potential. However, because they have not worked together, they do not have the competence to achieve the given tasks. From this information, we can say that the group is in the _____ stage of team development

Answers

Based on the scenario, the group is definitely still in the Oriented stage of team development.

Orientation stage of team development is also called the Forming Stage because idea or policy are just getting introduced to the new or current employees.

The Orientation stage also entails the introduction of the current employees to new technologies, procedures and policies.

Therefore, the group described in the question is still in the orientation stage of team development.

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What was the benefit of using oil versus tempera paint? a. Oil paint is more flexible and allows artists to make changes easier. B. Oil paint dries faster. C. Oil paint uses egg yolk, which allows for deeper colors. D. All of the above Please select the best answer from the choices provided A B C D.

Answers

The benefit of using oil versus tempera paint is that Oil is more flexible and allows artists to make changes easily.

Oil painting is an act of painting with oil colors. These oil colors contain a pigment that is submerged in drying oils.

Oil colors for artists are created by combining dry powder pigments with chosen refined linseed oil to form a thick paste.

Tempera paint is an irreversible, rapid drying painting media made up of colored pigments blended with a water-soluble binder media, a typically glutinous substance like egg yolk.

Tempera paint is popular in classrooms and may be spread with a brush.

A stricken benefit of Oil paint over tempera paint is that Oil is more flexible and allows artists to make changes easily.

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Answer:

A. Oil paint is more flexible and allows artists to make changes easier.

Explanation:

E2020

C&a+sold+30%+of+the+5000+items+that+it+carried+last+week. +there+were+500+items+for+which+some+demand+was+not+satisfied. +what+is+the+in-stock+probability+for+last+week?.

Answers

Answer:

.............

Explanation:

..................

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Alton ordered an official NFL jersey for his son's birthday and is hoping it will arrive on time. Luckily, the company sent him the FedEx tracking number of the package so Alton can track the package and know exactly when it will arrive. This form of customer communication is referred to as ________ communication. 19. Dax just completed a report on car transportation. He concluded that gasolineprices will likely rise significantly in the years to come and recommends lower-cost car transportation for the future. Dax's younger sister, Ava, just completed areport on air pollution. Ava concluded that gasoline-powered cars cause toomuch pollution and recommends that they should not be used in the future.Which of the following is a solution for the future that would follow both Dax'sand Ava's recommendations? Jonathon works for a u. S. Company that doesn't produce goods domestically, but instead buys them from other countries and resells them in the united states. Jonathon's company illustrates the concept of. The right to gather to advance some political or social cause is known as an angle measuring between 90 and 180 is called__ What is a market economy?A.an economic system in which the government or another central administration regulates supply and pricesB.a system in which people earn wages and buy the goods and services they chooseC.a market that relies on the trading of goods and services without the use of moneyD.an economic system that is a combination of both command and market economies An atom of sodium has 11 electrons. Make a sketch of a sodium atom, showing how many electrons it has at each energy level. Infer how reactive sodium atoms are.SOMEONE HELP ME PLEASE :(. I DONT GET IT :( Simplify the expression wy wy please help me thank you for you kindness Tell whether the fractions are equivalent. Write = or 2/3 ______ 4/6 A customer reached out via Twitter Direct Message to your company, looking for support with a complex issue. A co-worker was already helping that user but is away on vacation. Which Hootsuite feature would be best to respond with? Two lines areperpendicular if theof theirandLline are also perpendicular. Im so confused- please help Which of the following does not belong with the others? Explain(Skeletal and Muscular Systems)tendon, fixed joint, skeletal muscle, arm bone Yamuna is getting ready to attend Wittenberg University in the fall. She needs 6 notebooksat $2.19 each and a chromebook at $529.00. If she has $575 to spend, how much doesshe have left for lunch? Read the excerpt from Gilgamesh: A New English Version.Gilgamesh backed away. He said,"How dreadful Humbaba's face has become!It is changing into a thousand nightmarefaces, more horrible than I can bear.I feel haunted. I am too afraid to go on."Enkidu answered, "Why, dear friend,do you speak like a coward? What you just saidis unworthy of you. It grieves my heart.We must not hesitate or retreat."Which sentence best states the theme of the excerpt?*People must persevere despite their fears.Enkidu is a loyal source of encouragement.Gilgamesh needs support to overcome his fear.Cowardice leads to defeat and death. Pleaseeee help me!!!! Please help me please help please please help me Sensory nerves transmit these impulses to the brain where they are integrated and create ______________. A magnifying glass shows the image of an object that is 10 times the objects actual size. Determine the length of the image of the object if the actual length of the object is 8 millimeters Text from the person who invented the popsical