Finance Questions
Explore questions in the Finance category that you can ask Spark.E!
Going to the movies is an example of what types of expenses?
TRUE or FALSE:If you have an irregular income, budgeting won't work for you.
to record the total federal tax payment for employee income tax, social security tax, and medicare tax, the account credited is
each employer who withholds income tax, social security tax and medicare tax from employees must furnish each employee an
a state tax used to pay benefits to unemployed workers is
each employer is required by law to report payroll taxes on an
to record the payment of federal unemployment tax, the account debited is
a business' payroll taxes for a pay period are debited to
a federal tax used for state and federal administrative expenses of the unemployment program is
when a semimonthly payroll is paid, the credit to cash is equal to the
the total earnings column total is journalized as a debit to
the total of the net pay column of the payroll register is credited to
the total of the federal income tax payable column of a payroll register is credited to
which accounting concept applies when a worksheet is prepared at the end of each fiscal cycle to summarize the general ledger info needed to prepare financial statements?
after the closing entries are posted, the owner's capital account balance should be the same as
when the total expenses are greater than the total revenue, what balance will income summary have?
all accounts in general ledger are listed on a post-closing trial balance
to close a temporary account, an amount equal to its balance is recorded in the account on the side opposite to its balance
permanent accounts are also referred to as temporary accounts
adjusting entries are recorded on the next journal page following the page on which the last daily transactions for the month are recoded