Answer:
(a). At the beginning of your loan, your payments are covering mostly interest. At the end of your loan, your payments are covering mostly principal.
c. A journal entry that is characterized by having multiple debits and/or multiple credits
d. A record of transactions in date order
e. Left side of a T-account
f. Side of an account where increases are recorded
g. Transferring amounts from the journal to the ledger
h. Right side of a T-account
i. A list of all accounts with their balances at a point in time
j. A list of all accounts with their account numbers
Answer and Explanation:
Account
In commerce, an account is a record that has a list and store business transactions.
Ledger
ledger is a document that includes records in which the recorded and compiled information material is recorded as debits and credits.
Compound Journal Entry
A compound journal entry is a financial reporting entry that contains more than one debit and one credit.
Journal
The location where journal entries are registered before they are added to the ledger accounts.
Debit side
A debit is a left-hand entry of a dual-entry bookkeeping scheme that reflects the increase of an asset or cost or a decrease in debt.
Normal balance
It is part of the book-keeping procedure for double entries. Each account has the balance either of credit or debit. To order to increase the amount of an account with a credit balance, one would be crediting the account.
Posting
Posting is the process of transferring debit and credit balances to their respective ledgers.
The right side of the t-chart
The credit side is always the right-hand side of the T account
Trial balance
A trial balance is a collection of all the ledger accounts included in a company's ledger of accounts
Chart of accounts
it is a generated collection of the accounts that a company uses to describe each type of items that pay or receive money or its relative for.
The subject of this question is Business, and it relates to accounting and bookkeeping terms. The student is asking for definitions, and the answer provides explanations and examples for terms such as ledger, compound entry, journal, T-account, posting, trial balance, and chart of accounts.
The subject of this question is Business. The student is asking for definitions related to accounting and bookkeeping. Let's define each term:
#SPJ3
B. Salaries Payable
C. Service Revenue
D. Salaries Expense
Answer:
D. Salaries Expense
Answer:
Salaries Expense
Explanation:
Answer:
A. Fizzy executives hope to have other business deals with the Chinese firm in the future.
Explanation:
In the scenario it is observed that the names of the other three top-level executives are not mentioned, this shows the importance of Kevin's role in the company. To a great extent, Kevin could be considered as the head of the team negotiating in China.
It is also possible to establish the fact that the business deal to be negotiated with the Chinese firm is not the only business to be handled by the firm but rather an open door to other business deals with the firm in the future.
Kevin who is the team lead is expected to be the primary negotiator for his role among the top-level executives in Fizzy.
YES HE DOES!
You can tell by the way he looks at her
Answer:
yes
Explanation: