(a) Name two nominal accounts. (b) In which ledger would you find nominal accounts? ...

Question:

(a) Name two nominal accounts.

(b) In which ledger would you find nominal accounts?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cambridge International As And A Level Accounting Revision Guide

ISBN: 9781444192001

1st Edition

Authors: Ian Harrison, Michael Hillman

See More Books

Question Posted: Aug 28, 2023 12:18 PM

See More Questions

In which ledger would you expect to find the following accounts? Tick the appropriate box Account name Tamsin; a credit customer Frank; a supplier to be paid next month Returns inwards account Cash...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
In which ledger would you find the provision for doubtful debts account?
A process has an in-control fraction nonconforming of p = 0.01. The sample size is n = 300. What is the probability of detecting a shift to an out-of-control fraction nonconforming of p = 0.05 on the...
Assume Victors Vans borrowed $15 million from Jays Bank and agreed to (a) pay an interest rate of 7.2% and (b) maintain a compensating balance amount equal to 5.3% of the loan. Determine Victors Vans...
All America Export Import Corp. (All America) placed an order for several thousand pounds of yarn with A. M. Knitwear (Knitwear). On June 4, All America sent Knitwear a purchase order. The purchase...
The purchasing manager for Rockwell Hall Bags has been able to purchase the material for its signature handbags for $$9$ less per bag than in the prior year. Keeping everything else the same, what...
Pherigo Co. uses special journals and a general journal. The following transactions occurred during May 2010. May 1 I. Pherigo invested $50,000 cash in the business. 2 Sold merchandise to B. Sherrick...
6. 7. 8. 9. You are given a converging lens with equal radii of curvature and a diverging lens with the same radii of curvature as those of the converging lens. The lenses are made of material with n...
(a) Explain why ledgers are divided into three parts. (b) What are the names of each of the three parts?
What is a personal account?
Describe what it means to raise a number to a power. In your description, include a discussion of the difference between -5 2 and (-5) 2 .
A recipe for potato salad yields 4 gallons of potato salad. The recipe calls for 2 quarts of sour cream. How many cups of sour cream should you add if you want to make 1 gallons of potato salad?
Commodity Trading case, please submit a report that analyzes your trading decisions and outcomes. To assist you with this task, please use the files you saved after the exercise (the Excel news log...
A cubit is an ancient measurement considered to be equivalent to 18" today. If Noah's ark was 300 cubits long, how long was the ark in yards
The newly established legal practice is client-focused and business-oriented, offering customers specialized legal services in the domain of business law. It is a law firm. The firm's primary...
. In Eq. (4-23) and other deliverability expressions, the product is at the average pressure between Pe and Pwf. Temperature is constant. With the data in Appendix C, show the difference in the...
Refer to Apples financial statements in Appendix A to answer the following. 1. How many shares of common stock are issued and outstanding at September 28, 2013, and September 29, 2012? How do these...
Using a graphing utility, graph y = cot -1 x.
A shareholder could be a director of a limited company. True/False?
Auditors run a company for the tax authorities. True/False?
Directors run a company for the shareholders. True/False?
Stoll Company's long-term available-for-sale portfolio at the start of this year consists of the following. Available-for-Sale Securities Company A bonds Company B notes Company C bonds Cost Fair...
Discuss the anatomical adaptations of the respiratory system in response to environmental factors, such as altitude or chronic exposure to pollutants.
What is the salesforce structure at Cascade Maverik , with key accounts typically based in highly populated areas?

(a) Name two nominal accounts. (b) In which ledger would you find nominal accounts? ...

Question:

Step by Step Answer:

a Nominal accounts ...View the full answer

Cambridge International As And A Level Accounting Revision Guide

Students also viewed these Business questions