W hat are the following accounts used for: (a) Capital; (b) Trade creditors; (c) Trade debtors; (d)
Question:
W hat are the following accounts used for:
(a) Capital;
(b) Trade creditors;
(c) Trade debtors;
(d) Inventory;
(e) Sales;
(f) Purchases and
(g) Dividends?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
a Capital This account is used to record the contributions made by shareholders or ...View the full answer
Answered By
Ernie Moises Evora
I have worked as a teacher, a tutor and instructor.
I have also worked as a community leader in my community.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting For Non Accounting Students
ISBN: 9781292286938
10th Edition
Authors: John Dyson, Ellie Franklin
Question Posted:
Students also viewed these Business questions
-
Are the following accounts permanent or temporary accounts? a. Fees Income b. Johnny Jones, Drawing c. Accounts Payable d. Accounts Receivable e. Johnny Jones, Capital f. Prepaid Rent g. Cash h....
-
Explain the purpose of each of the following accounts used in a public share issue: Share Capital, Application, Cash Trust, Allotment, Call, Calls in Advance.
-
For the following accounts used by a retail business, determine the normal balance of each account (i.e., does the account normally have a debit or a credit balance?). DebitCredit Cost of Goods Sold...
-
1. What is Anthropology, Sociology, and Political Science in your own understanding? 2. What is the nature of Anthropology, Sociology, and Political Science? 3. How are they similar with one another?
-
Discuss the advantages and disadvantages of performance testing and work samples. Under what circumstances would such tests be most appropriate?
-
Boilermaker Unlimited specializes in building new homes and remodeling existing homes. Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating...
-
A mid-level manager at Fran-Tech, a Seattle software company, received a CD-ROM set containing the source code for a competitors software product. The competitor is the market leader in the software...
-
Raging Sage Coffee is a franchise that sells cups of coffee from a cart in shopping centers. A computerized standard costing system is provided as a part of the franchise package. A portion of the...
-
why do you multiply the unit depreciation cost by the number of units produced to hey the total fixed costs?
-
A logical knowledge base represents the world using a set of sentences with no explicit structure. An analogical representation, on the other hand, has physical structure that corresponds directly to...
-
The following is a list of transactions which relate to Ivan for the first month that he is in business: 1.9.20..................................... Started the business with 10,000 in cash....
-
List and explain the enhancing characteristics of financial information.
-
Use the Intermediate Value Theorem to show that the function f(x) = -2x 2 - 3x + 8 has at least one real zero on the interval [0, 4].
-
A child and sled with a combined mass of 54.0 kg slide down a frictionless slope. If the sled starts from rest and has a speed of 2.10 m/s at the bottom, what is the height of the hill? m Need Help?...
-
1 ) RosE had receivables of $ 4 9 8 6 0 0 at 3 0 November 2 0 1 2 . Hee allowance for receivables at 3 December 2 0 1 1 was $ 1 0 5 6 0 and she decided to change that to 2 % of receivables at 3 0...
-
A 3.85 kg box is suspended from a system of massless wires attached to a ceiling. The first wire makes an angle of 01 with the ceiling, whereas the second wire makes an angle of 02 = 36.3" with the...
-
"Practice Problems 1 1 4 Determining the Monthly Food Cost and Food Cost Percentage" In problems A through E , find the cost of food sold and the monthly food cost percent. Calculate the monthly food...
-
A customer is shopping for an automobile. The customer researches the prices of the automobile at various dealerships. The following data set is the selling price of the vehicle at the dealerships....
-
Use Simpson's Composite rule with n = 4, 6, 8. . . until successive approximations to the following integrals agree to within 106. Determine the number of nodes required. Use the Adaptive Quadrature...
-
What is the purpose of the journal wizard?
-
Define the marketing concept in your own words, and then explain why the notion of profit is usually included in this definition.
-
Define the marketing concept in your own words, and then suggest how acceptance of this concept might affect the organization and operation of your college.
-
Distinguish between production orientation and marketing orientation, illustrating with local examples.
-
Easten Co. leased a new forklift on January1. This lease has the following details: o The lease agreement is for 10 years. o The annual payment of $5,000 is due at the beginning of each year. o...
-
Referring to the "Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management", which of the preceding items ( a-c ) are acceptable to use? Which are...
-
Bob Carlton Golf Course estimates the following labor requirements for its services over the next two years: Quarter: 1 2 3 4 5 6 7 8 Demand (hours): 4400, 6400, 3200, 5200, 4400, 6400, 3700, 5000...
Study smarter with the SolutionInn App