Ask Question
BusinessBusiness
5 October, 04:26

Establishing general ledger accounts opening balances will always be zero true or false

+4
Answers (1)
  1. 5 October, 04:52
    0
    True, When establishing general ledger accounts opening balances will always be zero. A ledger is a full record of all transactions over the lifetime of a company. When the company is first starting out, there is a zero balance because transactions have not been put on the ledger yet. The longer the company is in business, the more transactions there will be on the ledger.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Establishing general ledger accounts opening balances will always be zero true or false ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Art Company issued 6%, 5 year bonds, with par value of $1,600,000, paying semiannual interest for $1,470,226. The annual market rate of interest on the date of issue was 8%.
Answers (1)
A perfectly competitive firm's output is currently such that its marginal revenue is $5 and marginal cost is $4. Assuming profit maximization, the firm should A. cut price and increase output. B. raise price and decrease output. C.
Answers (1)
Raven has successfully added her location to Google My Business. She knows she has options for verification, including use of a phone call or e-mail. How else can she verify her location? A. With a downloaded mobile app. B.
Answers (1)
Kings code essay business studies
Answers (1)
What are 3 places an investigative person might want to work
Answers (1)
New Questions in Business
A certain type of computer costs $1,000, and the annual holding cost is 25%. Annual demand is 10,000 units, and the order cost is $150 per order. What is the approximate economic order quantity? a. 70b. 183c. 16d. 600 e. 110
Answers (1)
In project management, project data is collected, analyzed, and then transformed into information, which is then communicated and stored in reports. True/False
Answers (1)
7. Allowance, a paycheck, gifts, and gains from an investment are examples of A. income B. expenses C. wealth D. philanthropy the answer is a
Answers (1)
Price discrimination prevents a monopolist from charging any price it would like to charge for a particular good?
Answers (1)
Type: Telephone interview Select the best answer choice. a. Rick James: Contacted via telephone, September 17, 1984 b. Telephone interview: conducted 17 September 1984. Rick James c. James, Rick. Telephone Interview. 17 September 1984 d.
Answers (1)
Home » Business » Establishing general ledger accounts opening balances will always be zero true or false
Sign Up Forgot Password?