Which three activities would use summary accounts?

Correct Answer for the Question – Which three activities would use summary accounts? is given below

Which three activities would use summary accounts? (Choose three.)

creating a monthly recurring standard journal entry to amortize goodwill

allocating the total monthly costs of the Information Services department to other departments

estimating a sales commission accrual based on the total of all product sales for each division

formulating a budget for employee benefits in each company based on the total of all budgeted employee salaries

Correct Answer

The Correct Answer for this Question is

allocating the total monthly costs of the Information Services department to other departments
estimating a sales commission accrual based on the total of all product sales for each division
formulating a budget for employee benefits in each company based on the total of all budgeted employee salaries

Explanation

The Question – Which three activities would use summary accounts? has been answered correctly and answers for the question is allocating the total monthly costs of the Information Services department to other departments
estimating a sales commission accrual based on the total of all product sales for each division
formulating a budget for employee benefits in each company based on the total of all budgeted employee salaries

More about these Exams

These Exam Questions and the order of these questions keep changing. but the answers are obviously same. so if you don’t find a question after another we suggest you search it in the search box and we are sure you’ll find it. you can bookmark this site for Quick access in future.

We hope you found it helpful don’t forget to leave a comment if you feel a need to correct or ask we’re always here to help.

you can find more here at Certout

Feel free to contact via comment or email.

Happy Learning

Cheers, Team Certout

Leave a Comment