Question 5 of 10
Mabel, an accountant, discovers that an analyzed transaction has not been
en...
Business, 05.11.2020 18:50 ccarwile01
Question 5 of 10
Mabel, an accountant, discovers that an analyzed transaction has not been
entered into the books. At what step in the accounting cycle is she most likely
to make this discovery?
A. While preparing journal entries
B. While calculating trial balances
C. While posting to the general ledger
D. While preparing a worksheet
Answers: 3
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Answers: 3
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As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?
Answers: 3
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