Explain the purpose of control accounts.
Question:
Explain the purpose of control accounts.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
The control account keeps the general ledger clean of ...View the full answer
Answered By
Aswan S
Mechanical engineer
Subject matter expert of Mathematics , Physics and engineering solutions
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
(a) Explain the purpose of the two accounts: Depreciation Expense and Accumulated Depreciation. (b) Is it customary for the balances of the two accounts to be equal? (c) In what financial statements,...
-
Explain the purpose of a chart of accounts.
-
Explain the purpose of a chart of accounts.
-
Tony acquired 1,000 shares in X Co (a resident public company) for $10 each in August 2000. In January this year X Co returned $7 of capital to its shareholder in respect to each share they held. The...
-
Write a structural formula for the compound formed on electrophilic addition of sulfuric acid to cyclohexene (step 1 in the two-step transformation shown in the preceding equation).
-
Lindebergs condition (2.2.2) requires ()0 for any > 0. Can it be true for = 0? To what, as a matter of fact, is (0) equal?
-
It would be helpful to me if I could start by asking you to basically tell me about your job. Okay?
-
Financial Condition. Write the letters a through o on a sheet of paper. Beside each letter, put a plus (+) if a high or increasing value of the item is generally associated with stronger financial...
-
For each of the following matrices A Maxn (R), test A for diagonal- izability, and if A is diagonalizable, find an invertible matrix Q and a diagonal matrix D such that Q-1AQ = D. (a) (63) 2 1 3 (b)...
-
Plot the distribution of active pressure on the wall surface shown in the figure below. Calculate the total thrust on the wall (active + hydrostatic) and determine its point of application. Assume...
-
Explain the purpose of a stores ledger account.
-
List the accounting entries for the purchase and issues of direct and indirect materials.
-
Record the following transaction in the transaction analysis chart: Shaylin Princeton bought a new piece of computer equipment for $26,000, paying $9,000 down and charging the rest.
-
What Division and Section would you find information on brick masonry?
-
Describe a debit, credit , T -account, asset,liability, equity, revenue, and expense.
-
Consider the following income statement for Aldi-Woolworths Inc. (all figures in $ Millions): Year Total Sales Cost of goods sold Selling, General & Admin expenses Depreciation 2014 2015 2016 60,553...
-
What are quantitative ways to measure financial performance at Volkswagen?
-
. Clearview Window Company manufactures windows for the home-building industry. The window frames are produced in the Frame Division. The frames are then transferred to the Glass Division, where the...
-
The Zetar plc's complete annual report, including the notes to its financial statements, is available in the Investors section at www.zetarplc.com. Describe in which statement each of the following...
-
Currently, there are five concepts of food stands, including: hot dogs, soft pretzels, turkey legs, sandwich wraps, and funnel cakes. This approach will double the existing number of food stands...
-
a) Comment on factors likely to affect the accuracy of the analysis of costs into fixed and variable components. (b) Explain how the analysis of costs into fixed and variable components is of use in...
-
Abourne Ltd manufactures a microcomputer for the home use market. The management accountant is considering using regression analysis in the annual estimate of total costs. The following information...
-
A management accountant is analyzing data relating to retail sales on behalf of marketing colleagues. The marketing staff believe that the most important influence upon sales is local advertising...
-
f(x)=5x-3, g(x)=x-5 (f+g)(x)=(Simplify your answer.)
-
(5) A small maintenance project consists of the following jobs whose precedence relationships are given below: Job 1-2 1-3 2-3 2-5 3-4 Immediate Predecessor 15 15 3 5 8 8 Activity 3-6 4-5 4-6 5-6 6-7...
-
Let X be a binomial random variable with the probability distribution f(x) shown below. Find the probability distribution of the random variable Y=x. f(x)= Bere 3-x x=0,1,2,3 elsewhere Complete the...
Study smarter with the SolutionInn App