When a company is using double-entry accounting, what elements of a given ledger must be equal?

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Answer 1

Answer: When a company is using double-entry accounting, the elements of a given ledger that must be equal are the debit and the credit. They should reflect the balance of the books. There should be an equal amount in the debit column and in the credit column.

Related Questions

One of the important questions Jerome needs answered about his potential career is whether he will be working outdoors, because he does not want to spend all of his time in an office. Jerome’s question is regarding his _____.
Ethan received a gift card and was considering three options: digital camera, cell phone, and video games. After carefully thinking about it, Ethan narrowed his decision down to the digital camera and the cell phone. Finally, Ethan chose the cell phone. In 3-5 sentences, define opportunity cost and trade-off and then explain the opportunity cost and trade-off of Ethan's decision.
For a perfectly competitive market to function properly, which of the following must buyers and sellers have access to? adequate information economies of scale uncompetitive products sufficient technology 4. which of these industries has not been considered a natural monopoly in the past 30 years? diamonds water phone service electricity 5. what is an oligopoly? a market that has a few firms dominating the market a market that has many firms selling slightly different products a market that has one seller and many buyers a market that has many buyers and sellers 6. for the average total cost curve of a firm without economies of scale, what happens to costs as output increases? costs initially go up and then go down. costs initially go down and then go up. costs go down. costs go up. 7. what is the combination of two or more companies into a single firm called? a trust a merger predatory pricing deregulation 8. offering products of different tastes and shapes is an example of which of the following? nonprice competition perfect competition oligopolistic competition the law of demand 9. the controller of a monopoly sets the price of goods by charging _____. the price at which the profit is maximized only a small amount over cost less than the company would charge if it did not have a monopoly as much as possible, regardless of the amount sold 10. many critics argue that government efforts to regulate industries have caused which of the following? predatory pricing inefficiencies insufficient supply collusion 11. what is an agreement among firms to charge one price for the same good called? nonprice competition price fixing a price war monopolistic competition 12. which of the following is not a method that the government uses to intervene and prevent firms from controlling the price and supply of important goods? breaking up monopolies deregulating industries regulating business practices blocking mergers 13. what are the three practices of oligopolies that concern the government the most? price fixing, collusion, and cartels price leadership, collusion, and cartels differentiation, price leadership, and price fixing collusion, price leadership, and price fixing 14. what are the expenses a firm must pay before it can begin to produce and sell goods called? start-up costs perfect competition commodities imperfect competition 15. compared to a market with perfect competition, a monopoly often has _____. higher prices and more goods lower prices and more goods lower prices and fewer goods higher prices and fewer goods 16. which of the following could not prevent a market from becoming perfectly competitive? high start-up costs excessive information problems accessing necessary technology lack of technological know-how 17. which of the following is characteristic of a competitive market? low output high costs inexhaustible supply efficiency 18. economists usually call an industry an oligopoly if _____. only one product is available on the market the four largest firms produce at least 70–80 percent of the output there is one firm that produces 100 percent of the output the ten largest firms produce less than 50 percent of the output 19. for the average total cost curve of a firm with economies of scale, what happens to costs as output increases? costs initially go down and then go up. costs go up. costs go down. costs initially go up and then go down. 20. what is one of the effects that the internet has had on business? it has decreased the kinds of goods that are available to individual buyers. it has reduced start-up costs for many businesses. it has led to new monopolies in many industries. it has increased the prices of goods that are not bought on the internet.
___________ typically refers to the promotion and sale of different versions of a media product across the various subsidiaries of a media conglomerate.
After an unsuccessful attempt to train her puppy one morning, Sharon, the office manager, scolds her assistant when she arrives for work. Sharon is displaying which of the following defense mechanisms?

Leaders are responsible for creating an environment free of sexual harassment and assault. Leaders must foster peer-to-peer prevention methods at all levels. Which of the following facilitates a safe environment free of sexual harassment and assault?a. Intervention
b. Avoidance
c. Collateral
d. Restricted

Answers

I believe the answer is: a. Intervention

Intervention of sexual harassment refers to the efforts that made by organizations to prevent sexual harassment from happening in the first place.

Example of an intervention would be providing seminar on sexual harassment for the employees, providing open policy regarding the punishment for someone that conducted sexual harassment, installing security camera, etc.

The answer is Intervention.
Leaders are responsible for creating an environment free of sexual harassment and assault. Leader must foster peer to peer prevention methods at all. Leaders having an intervention with his or her employee makes the place safer for sexual harassment and assault.

Drs. James and Janet Baker saw that many people experienced difficulty and frustration when typing, some because of physical disabilities. So they invented a voice recognition software to allow users to talk to the computer. Their ideas have become Dragon Naturally Speaking, a popular talk-to-type software application. Which of these statements describes their startup? A) Borrow heavility from existing products or services.
B) Combine two businesses to create a market opening.
C) Begin with a problem in mind or a pain you can relieve.
D) Recognize a hot trend and ride the wave.

Answers

The answer is C) Begin with a problem in mind or a pain you can relieve

Companies from the United States have built many factories in Mexico near the border. Why have so many U.S. factories moved to Mexico? The mild temperatures speed production. Mexico is a source of cheaper labor. There is no room to build in the United States. The United States has a shortage of skilled laborers.

Answers

Answer: Mexico is a source of cheaper labor.

Did i help? : ) ;

Explanation:

Mexican labor is inexpensive and because of NAFTA, taxes and customs fees are almost nonexistent. The benefit for the profitability of foreign-owned businesses is clear, and most of these plants are found within a short drive of the U.S.-Mexico border

The main reason for moving so many factories is a combination of abundant cheap labor and lower taxes on capital. Mexico is not as expensive, over all, to live in as compared to the U.S.. Mexico also has some differences in their tax code regarding taxes on capital and investment which further encourage factory migration.

Ernesto excels at mathematics and has a keen eye for analyzing information. He is also a skilled communicator and does an excellent job explaining things to other people. Ernesto enjoys using the computer to generate reports to summarize his findings. Which is most likely Ernesto’s job title? -Training Specialist

-Data Entry Clerk

-Marketing Manager

-Business Analyst

Answers

Answer:

The answer is: Business analyst

Explanation:

A business analyst is someone that helps companies find solutions to their organizational problems in a cost effective way. He tries to satisfy the requirements of business units or projects by communicating them to upper management or the board, and providing possible solutions.

answer -Business Analyst

Which of the following is an example of money as a unit of account?a. purchasing a remote-controlled toy on sale for $8.99
b. lending your best friend $25.00 to buy a guitar
c. opening a savings account at a bank that pays high interest
d. comparing camera prices at different store before buying one

Answers

The answer is lending your bestfriend 25 dollars to buy a guitar.
Unit of costs is the amount incurred by a particular company to be able to produce, store and sell the number of the same products. In the given example. 25 dollars is the cost of the guitar or the unit of costs.

Danika, a board member for a medium-sized corporation, faces an ethical dilemma. She is unsure whether the board should fire senior employees who have violated rules or merely discipline those employees but keep them on staff to avoid potentially harmful publicity. Danika asks herself, "Would my family members and friends approve of this decision, and am I willing to see the decision communicated to all people and groups affected?" Asking this question is part of the ________ rule. Multiple Choice justice moral rights utilitarian practical

Answers

Answer:

Practical

Explanation:

If Danika is asking herself, "Would my family members and friends approve of this decision, and am I willing to see the decision communicated to all people and groups affected?" Asking this question is part of the practical rule.

Practical rule of ethics states that an ethical decision is that an unbiased person will find acceptable because it has to be such that there is absence of hesitation because its fairness will not be in doubt by hearers if and when communicated.

Danika's concern in the scenario is negative publicity and if family members will approve of her actions if communicated, hence she is trying to be practical, ethically speaking.

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