An account balance is a. The total of the credit side of the account. b. The total
Question:
An account balance is
a. The total of the credit side of the account.
b. The total of the debit side of the account.
c. The difference between the increases and decreases recorded in the account.
d. Assets = Liabilities + Owner’s equity.
e. Unchanged by posting debits and credits to the account.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
c The difference between the increases and decreases recorded in the account An account balanc...View the full answer
Answered By
BillClinton Muguai
I have been a tutor for the past 5 years. I have experience working with students in a variety of subject areas, including computer science, math, science, English, and history. I have also worked with students of all ages, from elementary school to college. In addition to my tutoring experience, I have a degree in education from a top university. This has given me a strong foundation in child development and learning theories, which I use to inform my tutoring practices.
I am patient and adaptable, and I work to create a positive and supportive learning environment for my students. I believe that all students have the ability to succeed, and it is my job to help them find and develop their strengths. I am confident in my ability to tutor students and help them achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
For each mechanism in the following figures, (1) Sketch the kinematic diagram. (2) Identify the number of Links (N), 1-dof joints (J), 2- dof joints (J), and 3-dof joints (J3) (3) Calculate the...
-
The debits and credits from four related transactions are presented in the following T accounts. Describe eachtransaction. Accounts Payable (1) Cash (2) (4) (3) 250 500 8,000 7,350 (4) 7,500...
-
The debits and credits for three related transactions are presented in the following T accounts. Describe eachtransaction. Cash Sales 32,340 35,000 Accounts Receivable Sales Discounts 35,000 (3)...
-
Be able to explain how land policy shaped economic growth in the United States.
-
Suppose that a company decides to discontinue one of its lines of business and sell the related assets. Describe what you think would be the most appropriate valuation basis for the capital assets of...
-
True or False. The equation of motion can be integrated numerically even when the exciting force is nonperiodic.
-
Baldwin Realty, Inc., had the following transactions for the month of May, 2010. The following T-accounts have been set up, for Baldwin Realty, Inc., with their beginning balances as of May 1,2010....
-
You are considering buying stock A. If the economy grows rapidly, you may earn 30 percent on the investment, while a declining economy could result in a 20 percent loss. Slow economic growth may...
-
1. Mr. Alok Banarjee is the Chief Executive of a medium- sized pharmaceutical firm in Calcutta. He holds a Ph D in Pharmacy. However, he has not been involved in research and development of new...
-
A company generally purchases large lots of a certain kind of electronic device. A method is used that rejects a lot if two or more defective units are found in a random sample of 100 units. (a) What...
-
a . What six steps are required to open a general ledger account? b . List the steps in the posting process.
-
As a junior accounting clerk for Action Sports Outfitters, you are being evaluated for a raise. Your boss wants to see how well you understand basic accounting terminology. He asks you to write a...
-
Perform indicated operations and simplify. Check the solution with a graphing calculator. X 3 X - 1
-
Explain how Kia Motors Use Information technology for its daily operation and customer services and what skills a person needs to work on Kia motors.
-
Why should a speaker vary using logic and emotion as supporting material based on the audience?
-
How do researchers integrate principles of computational fluid dynamics (CFD) with optimization algorithms, uncertainty quantification methods, and high-performance computing resources to address...
-
How do multiphase flows, characterized by the simultaneous presence of two or more immiscible fluid phases with distinct properties, manifest in diverse industrial applications ranging from petroleum...
-
How do gross profits, operating income, and net income reported in the income statement represent the firm's performance?
-
On January 1, 2011, Telconnect acquires 70 percent of Bandmor for $490,000 cash. The remaining 30 percent of Bandmor's shares continued to trade at a total value of $210,000. The new subsidiary...
-
At Glass Company, materials are added at the beginning of the process and conversion costs are added uniformly. Work in process, beginning: Number of units Transferred - in costs Direct materials...
-
Describe the possible directions that formal communication can take in an organization and provide examples of each.
-
Compare and contrast oral, written, and nonverbal communication.
-
Identify which organizational outcomes (dependent variables) are most effectively achieved by each type of formal small group communication network.
-
Make recommendations for Under Armour's target group (Active lifestyle customers: who values Under Armour apparel's comfortable, breathability and moisture-wicking features, and digital fitness app)...
-
To create 3 scenarios (positive, neutral and negative) for the development of the restaurant. Include the following important factors in your assessments: border trade as one of the most important...
-
One of the four basic types of problems identified by Drucker (2008) is the generic event that is common within the organization and throughout the industry. He goes on to tell us that all but the...
Study smarter with the SolutionInn App