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:
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Answer:
$120,000
Explanation:
Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash
The computation is shown below:
Cash flow from Investing activities
Sale of land $100,000
Sale of equipment 50,000
Less: Purchase of equipment -30,000
Net Cash flow from Investing activities $120,000
The other transactions are related to the financing activity so we do not consider it in the computation part
b. Introduction
c. Growth
d. Maturity
The Correct Answer Is C.
Growth
Answer: The answer to this is B Introduction. i just took the test
A notable method that FNB uses to compete favorably with other banks is its low bank fee and bonus programs.
FNB, also popularly known as First National Bankis one of the top banks in South Africa that drives its market through innovation and a good reward system to keep its customers.
Incentivising customers has proven to be an effective way to engage customers in business.
Learn more aboutFNB here:
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Social Security number
transactions that have cleared
account number
account holder's name
Answer:
account balance
transactions that have cleared
account number
account holder's name
Explanation:
Bank Statement is like a financial breakdown on a bankholders account. the following information will be on the bank statement,
A bank issues a statement bearing the following information
account balance: the history of cash transactional in past few days/months
transactions that have cleared
account number
account holder's name
These records are sent to an holder who might need it for large cash volume transaction
Answer: Utilitarian
Explanation:
From the question, we are informed that Johan is the manager of CycleUp and has agreed to build a new manufacturing plant in Argentina and that he realizes this decision will cause him to shut down a small plant in Ohio, but he decides that since the new facility will cut his operating costs in half, that is worth more than closing a plant employing ten people
This is referred to as utilitarianism.
Utilitarianism seeks to make the society as a whole better even though it might comes as an expense to a few individuals for the larger society to enjoy.