1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
PIT_PIT [208]
2 years ago
15

The recording of business transactions is a basic part of financial reporting and is referred to as:.

Business
1 answer:
Karo-lina-s [1.5K]2 years ago
4 0

The recording of business transactions is a basic and fundamental component of financial reporting and is known as<u> bookkeeping.</u>

<h3>What is Bookkeeping?</h3>

Bookkeeping is the process of recording financial transactions.  It entails preparing reference papers for all company transactions, activities, and other occurrences.

The primary goal of bookkeeping is to maintain a comprehensive and precise record of all operations and transactions in a methodical, ordered, and logical way. This guarantees that the financial consequences of these activities are accounted for in the accounting books.

Learn more about Bookkeeping here:

brainly.com/question/25572872

You might be interested in
Compute the missing information, starting with scenario A, then for scenarios B and C
Ierofanga [76]
150 units times 600 units equals 75 units 100 units 200 units 300 units 400 units 506 177 units 35 units data table units 4582 units 240 money $14
6 0
3 years ago
Bonita Corporation had net income of $1550000 and paid dividends to common stockholders of $400000 in 2017. The weighted average
artcher [175]

Answer:

16 times

Explanation:

Calculation to determine what Bonita Corporation's price-earnings ratio is

Price-earnings ratio= ($1550000 -$400000)/387500

Price-earnings ratio=$1,150,000/387500

Price-earnings ratio=2.97

Price-earnings ratio= 48/2.97

Price-earnings ratio=16 times

Therefore Bonita Corporation's price-earnings ratio is 16 times

3 0
3 years ago
Alpha Sounds Corp., an electric guitar retailer, was organized by Michele Kirby, Paul Glenn, and Gretchen Northway. The charter
snow_lady [41]
I just needed some points to figure things out i don’t do anything else
7 0
3 years ago
In the promotion element of the marketing mix, there are four main areas. Personal selling is direct spoken communication betwee
MAVERICK [17]

Answer: advertising, publicity, and personal selling- that stimulates interest, trail or purchase by final customers or others in the channel.

Explanation: Sales promotion are promotional activities used to stimulate consumers into purchasing a certain product. Sales promotion usually takes the form of giving discounted prices to customers, giving out extra incentive or gift items, freebies, voucher cards, coupon and other promotional offers which gives consumers extra material benefit when they purchase an item. Promotional offers are usually made during certain periods such as festive seasons, company anniversary or occasionally in other to drive sales or to wow customers.

7 0
3 years ago
Read 2 more answers
Question 1 of 10
dolphi86 [110]

Answer:

B. A receipt.

Explanation:

A receipt is normally given to the person after he or she purchased something, in case if the person wants a refund or etc he can use the receipt for evidence to be able to do so.

5 0
2 years ago
Other questions:
  • Clark claimed the standard deduction in the previous tax year. In the current year, he received a state income tax refund of $90
    15·1 answer
  • Palmona Co. establishes a $200 petty cash fund on January 1. On January 8, the fund shows $97 in cash along with receipts for th
    12·1 answer
  • What is the purpose of travel insurance?
    15·2 answers
  • A third-grade class spends several weeks learning how to solve story problems (e.g., a girl buys three candy bars for 66 cents a
    8·1 answer
  • When is the corona gonna finish
    7·2 answers
  • What effect will each of the following have on the supply of auto tires? (Keeping all else constant)
    15·1 answer
  • If nike started selling new shoes
    5·2 answers
  • Marta is CEO of a large financial company. She is always open to the opinions of her employees and tries to make a decision base
    14·1 answer
  • If the number of memberships at the local gym increased from 400 to 500 when the membership price fell from $48 to $40 per month
    8·1 answer
  • Your parents have made you two offers. The first offer includes annual gifts of $4,000, $4,500, and $5,200 at the end of each of
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!