What is an account and where is it located in a manual accounting system?
Question:
What is an account and where is it located in a manual accounting system?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
In accounting an account is a record used to store and summarize financial transactions related to a ...View the full answer
Answered By
Deepak Sharma
0.00
0 Reviews
10+ Question Solved
Related Book For
Introduction To AccountingAn Integrated Approach
ISBN: 9781119600107
8th Edition
Authors: Penne Ainsworth, Dan Deines
Question Posted:
Students also viewed these Business questions
-
From the e-Activity, evaluate the gaps between the educational requirements and the expectations for independence and ethical considerations, providing a recommendation for how these gaps may be...
-
Emerald Fashion may be a high-end clothing store found in a little Tennessee town. Emerald has only one store, which is found within the shopping locale by the town square. Emerald enjoys the...
-
We will be working with a company called Global Bike Inc., (GBI). Information regarding GBI follows. Company History Global Bike Inc. has a pragmatic design philosophy that comes from its deep roots...
-
1.) Find the equation of a polynomial in standard form of lowest degree possible that crosses the x-axis at x = 1, bounces off of the x-axis at x = -1, has a y-intercept of 4, goes to co as x goes to...
-
What are some of the ways shell company invoices can be identified?
-
What should be the right mix of distribution outlets for Longchamp? Should they continue to expand their flagship store footprint or refocus on wholesale accounts? What should be the role of outlet...
-
How gas turbines are classified ?
-
Wright Fishing Charters has collected the following data for the December 31 adjusting entries: a. The company received its electric bill on December 20 for $225 but will not pay it until January 5-...
-
Year 1 January 5 Selk purchased 50,000 shares (20% of total) of Kildaire's common stock for $1,500,000. October 23 Kildaire declared and paid a cash dividend of $2.40 per share. December 31...
-
Based on the information in The Art of Positive Communication EL. a TedTalk by Julien Mirivel, Answer the following questions: 1) Name and give a brief example for each of the 6 positive...
-
Refer to E7.15. Prepare the balance sheet for Wagner Services, Inc., as of August 31, 2018. Data from E7.15 Given this adjusted trial balance for Wagner Services, Inc., prepare the income statement...
-
To decrease a liability account, is a debit or credit required?
-
How much would a consumer pay for a T-shirt with a list price of $15 if the purchase was made in Regina, Saskatchewan?
-
ExplainCapital Structure and give an example.Define Capital Structure and give an example.
-
A 0.5-m 3 rigid tank contains air initially at 1000 kPa and 22C. Air at 2000 kPa and 22C is slowly added until the pressure reaches 1500 kPa. Assume that the temperature in the tank does not change...
-
Problem 6 - Health Insurance Consider an insurance market with two kinds of individuals x {,} where x is the individual's expected health cost. We will also refer to x as an individual's health...
-
Chilton Corporation produced 2 , 5 0 0 units for Job 9 0 3 . The following data is provided for Job 9 0 3 for the year: Direct materials used $ 3 , 0 0 0 Direct labor costs $ 8 7 5 Actual...
-
What is the required annual mortgage constant for a 10 percent, 25-year loan, if payments are made annually?
-
Describe the meaning of equivalent expressions.
-
a) Show that (a, b) := {{a}, {b}} does not satisfy the ordered pair axiom. b) Determine whether each of the following statements is true or false. (Give a reason in each case): (i) {a, b} C (a, b)....
-
At the beginning of the tax year, Lizzie holds a $10,000 stock basis as the sole shareholder of Spike, Inc., an S corporation. During the year, Spike reports the following. Determine Lizzies stock...
-
Assume the same facts as in Problem 38, except that the cash distribution to Lizzie amounts to $40,000. Determine Lizzies stock basis at the end of the year, and the treatment of her cash...
-
Maple, Inc., is an S corporation with a single shareholder, Bob Maple. Bob believes that his stock basis in the entity is $50,000, but he has lost some of the records to substantiate this amount....
-
WGA produces a part that is used in the manufacture of one of its products. The costs associated with the production of 10,000 units of this part are as follows: Direct materials $45,000 Direct labor...
-
Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but require different amounts. Standard materials for both are shown. Large Small Rubber 3 feet at $0.25...
-
Several years ago, Junior acquired a home that he vacationed in part of the time and rented out part of the time. During the current year Junior: Personally stayed in the home for 32 days. Rented it...
Study smarter with the SolutionInn App