which statement(s) correctly explain when the major course and trial classes are booked?

Can a trial balance be prepared for supplies?

(adjusted/unadjusted) trial balance can be prepared. The Supplies account in the Unadjusted Trial Balance columns has a debit balance of $4,000. There is a $1,500 credit adjustment in the Adjustments columns across from the Supplies account.

Which set of columns must balance on the trial balance columns?

Each set of column totals must balance on the Trial Balance columns, Adjustments columns and the Adjusted Trial Balance columns. Which of the following statements correctly summarizes how to compute net loss or net income using a work sheet?

What should I expect from a trial class?

Unlike major course classes where you’re supposed to correct every single pronunciation mistake that the student makes, trial classes are VERY laidback. Since this student is new to the platform and to learning Engish online, you’ll want to make your class fun and enjoyable.

What is an adjusted trial balance?

It is a temporary account used during the closing process to summarize revenues and expenses. (contra/larger/zero) balance at the beginning of the next period. Demonstrate your knowledge of preparing an adjusted trial balance by selecting the correct statement below.

At which stage in the accounting cycle is the trial balance drawn up?

Businesses prepare a trial balance regularly, usually at the end of the reporting period to ensure that the entries in the books of accounts are mathematically correct. It is also important to note that even when the trial balance is considered balanced, it does not mean there are no accounting errors.

What are the 5 steps of the accounting cycle?

Explaining Accounting Cycle in Context Defining the accounting cycle with steps: (1) Financial transactions, (2)Journal entries, (3) Posting to the Ledger, (4) Trial Balance Period, and (5) Reporting Period with Financial Reporting and Auditing.

What are the 7 steps of accounting cycle?

Important 7 Steps of Accounting CycleAnalyze and categorize Transactions.Posting transactions into Journals.Preparing Ledger Accounts.Preparing Trial Balance.Adjustments in Trial Balance.Preparing Financial Statement.Closing Entries.

What are the 3 types of reconciliation?

Given below are some other reconciliation types that we normally come across in the financial world.Credit card reconciliation. Credit card reconciliation is similar to bank account reconciliation. ... Balance sheet reconciliation. ... Cash reconciliation.

What are the major process in accounting?

The eight steps of the accounting cycle are as follows: identifying transactions, recording transactions in a journal, posting, the unadjusted trial balance, the worksheet, adjusting journal entries, financial statements, and closing the books.

Which of the following step is performed prior to preparing the trial balance in an accounting cycle?

At the end of the accounting period, you'll prepare an unadjusted trial balance. The first step to preparing an unadjusted trial balance is to sum up the total credits and debits in each of your company's accounts. These are used to calculate individual balances for each account.

Which is the correct order of the following steps in the accounting cycle?

First Four Steps in the Accounting Cycle. The first four steps in the accounting cycle are (1) identify and analyze transactions, (2) record transactions to a journal, (3) post journal information to a ledger, and (4) prepare an unadjusted trial balance.

Which sequence is correct trial balance adjusting entries worksheet financial statements?

The trial balance is the first step in the process, followed by the adjusted trial balance, the income statement, the balance sheet and the statement of owner's equity.

What is accounting cycle explain?

The accounting cycle is the process of accepting, recording, sorting, and crediting payments made and received within a business during a particular accounting period.

What is a reconciliation statement?

A bank reconciliation statement summarizes banking and business activity, reconciling an entity's bank account with its financial records. Bank reconciliation statements confirm that payments have been processed and cash collections have been deposited into a bank account.

What is reconciliation quizlet?

What does "reconciliation" mean? to double-check that totals are accurate and consistent.

What are the 4 steps of reconciliation?

The four major parts of the sacrament of Reconciliation are: 1) contrition, 2) confession, 3) penance, 4) absolution.

What is a trial class?

A trial class is a lesson with a student that is not currently signed up for VIPKID. In order to market their services to potential customers, VIPKID offers every Chinese student three free trial lessons to see if they like the platform. VIPKID has developed specific lessons that cater to trial students.

What is level 1 trial lesson?

The level 1 trial lesson is targeted toward students that have little to no experience with English. These are your PreVIP students and will range in age from 3 to 6 years old.

What is static lesson?

The static lesson means that the student cannot interact with the slides or move any objects. This is an older version of a trial class, so I wouldn’t be surprised if VIPKID discontinues this soon. In my opinion, this is a great trial lesson to teach.

What does "booked" mean on a lesson?

On rare occasions, you may be booked for a trial lesson and see the words: “Booked – info pending” or “studentname” under the student’s name. When you see this, it just means that VIPKID has booked you to teach a trial lesson at that time, but they aren’t sure what student you’ll be teaching yet.

How long is a vipkid trial?

A VIPKID trial class is 25 minutes long. If a student shows up to class early, do not start until the clock reaches 0:00. You will also want to stay in class until the 25-minute marker unless told otherwise by the fireman or if the student doesn’t show up to class.

How long can you leave a trial class?

If a trial student doesn’t show up to class, you can leave after the 15-minute mark. If you complete the slides early, ask your student questions, play games, and engage in conversation until the class time is up. You can also extend the lesson by reviewing the concepts you’ve learned.

What is level 3 trial?

The level 3 interactive trial class is one where the student can interact with the slides. Throughout this lesson, your students will be learning about different kinds of food. They will be able to grab and drop different objects on the screen while talking about them.

What Is A Major?

• A "major" is a term common to American and Canadian higher education parlance.1 A student’s "major" refers to what their primary area of study is.2For instance, a common question students in the US will ask one another is "what is your major?", to which students respond with what field they are working for a degree in. A student who successfully co...

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What Is A Course?

What Is A Class?

Disambiguation: "Hono(U)Rs," "Concentration" and "Minor"