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goblinko [34]
2 years ago
12

Enter information into accounting system means​

Business
2 answers:
irinina [24]2 years ago
7 0

proceduresintegratedproceduresintegratedAnswerAnAnswerAn accounting system is a set of accounting processes with integrated procedures and controls. The intent of an accounting system is to record business transactions, summarize those transactions into an aggregated form, and create reports that can be used by decision makers to monitor, analyze, and improve operations.AnswerAnAnswerAnswerAnswer:

Explanation:

o-na [289]2 years ago
4 0

Answer:

Answer:

Explanation:

These are the sales, cash receipts, cash disbursements, and purchases journals.

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Platen purchased inventory on August 17 and received an invoice with a list price amount of $5,900 and payment terms of 4/10, n/
ch4aika [34]

Answer:

$5,664

Explanation:

Calculation of the amount that Platen should record the purchase.

Using this formula

List price -(Percentage of payment term × list price)

Let plug in the formula

$5,900 -(4%×5,900 )

=$5,900-$236

=$5,664

Therefore Platen should record the purchase on August 17 as a:

Debit to Purchases (periodic system) and a Credit to Accounts Payable for $5,664

Therefore the amount that Platen should record the purchase will be $5,664

7 0
3 years ago
Listed below are five technical accounting terms. Each of the following statements describes one of these technical terms. For e
krok68 [10]

Answer:

a. Incremental analysis.

b. Sunk cost.

c. Relevant information.

d. Opportunity cost.

e. Joint products.

f. Out-of-pocket cost.

g. Split-off point.

Explanation:

a. Incremental analysis: examination of differences between costs to be incurred and revenue to be earned under different courses of action.

b. Sunk cost: a cost incurred in the past that cannot be changed as a result of future actions. Sunk cost can be defined as a cost or an amount of money that has been spent on something in the past and as such cannot be recovered.

c. Relevant information: costs and revenue that are expected to vary, depending on the course of action decided on. Hence, relevant cost are relevant for decision-making purposes but not sunk costs.

d. Opportunity cost: the benefit foregone by not pursuing an alternative course of action. Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

e. Joint products: products made from common raw materials and shared production processes.

f. Out-of-pocket cost: a cost yet to be incurred that will require future payment and may vary among alternative courses of action.

g. Split-off point: the point at which manufacturing costs are split equally between ending inventory and cost of goods sold. Thus, it give rise to joint products that emerge from the same raw materials and a shared manufacturing process.

6 0
2 years ago
When input costs increase
sveticcg [70]
There is a movement up along an existing supply curve
4 0
3 years ago
Read 2 more answers
When you borrowed $50 from your rich cousin, and then had to pay her back $60, what is the original $50 called? a) Bribery b) In
alexira [117]
The correct answer is C. 100%. Please mark as brainliest! :) Have a blessed day!
7 0
2 years ago
Sharon Baricivic is a manager in the credit department for Hardaway's Lawncare Supplies. Joe Greene is a new employee in her dep
Ivahew [28]

Answer:

coaching Joe rather than helping him

Explanation:

Coaching is a process where a more experienced person teaches a learner achieve a goal by giving guidance and training.

Helping is when a person assists another to do a job that is their responsibility.

In this scenario Sharon Baricivic has provided Joe with guidance by offering advice, encouragement, and instructions. So he is coaching him.

However, she has been careful to let Joe do all of the actual work he is assigned, even if he struggles a bit.

So she is not helping Joe do his work, but rather letting him do it even if it means him struggling a bit.

4 0
3 years ago
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