Which describes the impact of a credit entry? a. Assets Liabilities Owners Equity RevenuesExpenses b.
Question:
Which describes the impact of a credit entry?
a. ↓ Assets↑ Liabilities↑ Owners’ Equity↑ Revenues↓Expenses
b. ↑ Assets↓ Liabilities↓ Owners’ Equity↓ Revenues↑Expenses
c. ↑ Assets↑ Liabilities↓ Owners’ Equity↑ Revenues↓Expenses
d. ↓ Assets↓ Liabilities↑ Owners’ Equity↑ Revenues↓Expenses
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 30% (10 reviews)
a Assets L...View the full answer
Answered By
Md Zeeshan
I, Md Zeeshan Alam completed my bachelor in electrical engineering from Jamia Millia Islamia university, New delhi in 2018. I tutored mostly high school student in college day after college. Now after passing out i continue to teach high school student along with my preparation for competitive examination.
0.00
0 Reviews
10+ Question Solved
Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
Question Posted:
Students also viewed these Business questions
-
Which describes the impact of a debit entry? a. Assets Liabilities Owners Equity RevenuesExpenses b. Assets Liabilities Owners Equity RevenuesExpenses c. Assets Liabilities Owners Equity...
-
Match each of the numbered definitions with the correct term in the following list. Write the letter of your choice in the answer column. a. National Environmental Policy Act b. Environmental impact...
-
Technology Summary 9.1 (pg. 332) describes the impact that pervasive and general controls from Chapter 8 can have on the effectiveness of controls in Figure 9.3 (pg. 323), Figure 9.4 (pg. 325), and...
-
All of the following predispose an individual to a urinary tract infection except 1. Renal calculi 2. Benign prostatic hypertrophy 3. Wilm's Tumor 4. Indwelling catheter Renal calculi is most...
-
On September 1, 2014, Sands Company sold at 104 (plus accrued interest) 4,000 of its 9%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two...
-
Assume that you run a time-series regression of the market model. Next, you run a cross-sectional regression using one-month-ahead returns. In the crosssectional regression, how should you interpret...
-
What is shareholder value? Given that there is a range of stakeholders interested in corporate environmental impacts, what arguments can be advanced for emphasising shareholders and value...
-
For each of the following companies, specify whether each company would be more likely to use job costing or process costing. a. Aircraft builder b. Hospital c. Cement plant d. Dentist e. Advertising...
-
Develop written responses for the Application Exercise below outlining three buying situations. Overview Assume the role of marketing manager for a large firm that produces stain resistant fabrics...
-
A collection of five routers is to be connected in a point-to-point subnet. Between each pair of routers, the designers may put a high-speed line, a medium-speed line, a low-speed line, or no line....
-
Which is the accounting statement that reports in detail, and for a very specific time period, a businesss revenue, the expenses required to generate its revenues, and the businesss profits or losses...
-
A restaurant owner who takes home steaks for grilling at a private party she is hosting for her friends, without properly reflecting this in the restaurants accounting records, is violating the a....
-
What is EDI? What are its advantages and disadvantages for a company?
-
Explain the physical meaning of heat conduction and heat convection by using the matter derivative of temperature.
-
What are the physical meanings of trace and streamline lines of fluid parti-cles? At what point do they overlap? For unsteady flows, why are they generally not coincident?
-
If there is a mass source in the control volume, how can we express the law of conservation of mass?
-
What is the expression of the law of conservation of mass in fluid motion? If the fluid particles do not have continuity conditions, how to express the conservation of mass?
-
What is the physical meaning of divergence of velocity field? In the process of fluid motion, the divergence can be greater than zero, less than zero and equal to zero, please explain the physical...
-
How does monopoly arise?
-
A statistical study shows that the fraction of television sets of a certain brand that are still in service after x years is given by f (x) = e-0.15x. (a) What fraction of the sets are still in...
-
Sayers Co. sold merchandise on account to a customer for $80,000 terms 2/10, n/30. The cost of the goods sold was $58,000. Journalize Sayers' entries to record (A) The sale, (B) The receipt of...
-
Scott Company had sales of $12,350,000 and related cost of goods sold of $7,500,000. Scott provides customers a refund for any returned or damaged merchandise. At the end of the year, Scott estimates...
-
On July 31, the close of the fiscal year, the balances of the accounts appearing in the ledger of Serbian Interiors Company, a furniture wholesaler, are as follows: Prepare the July 31 closing...
-
Questions: 1. List the production departments through which CCC's products pass. In other words, which departments work directly on making cars or parts for the cars and thus add direct materials or...
-
Acme Industries is currently experiencing problems with its inventory of anvils. Its manager, Willy Coy currently orders the anvils in batches of 10,000. Four orders are placed during the year to...
-
"Healthy Meals" is a company that delivers healthy food to aged care facilities where older people live. The following transactions took place at "Healthy Meals" during February 2020. 2020 February 2...
Study smarter with the SolutionInn App