It is important because that is how you budget and how you are able to save money if an emergency comes up
Answer:
Identification of Type of Account, etc.:
Letter Account
2. Sales & Services
6. Allowance to for Doubtful Accounts - 6. (Asset), Credit, Balance Sheet, No
1. Office Salaries Paid - Expense or Loss, Debit, Income Statement, Yes
Notes Payable
8. Cash - Asset, Debit, Balance Sheet, No
1. Sales Returns & Allowances - Expense or Loss, Debit, Income Statement, Yes
Explanation:
NB: Notes Payable are Liabilities, Credit, Balance Sheet, No.
The normal balance of Assets is debit. Assets are stated in the balance sheet and are not closed at the end of the period. The normal balance of Liabilities and Equity is credit. Liabilities and Equity are stated in the balance sheet and are not closed at the end of the period. The normal balance of Revenue or Gain is credit. Revenue or Gain is stated in the Income Statement and is closed at the end of the period. The normal balance of Expense or Loss is debit. Expense or loss is closed at the end of the period.
Answer: Perpetual
Explanation:
It is best to use the perpetual transfer method because the medical case files on deceased patient should be transferred immediately seeing as the patient is no longer alive.
Using a periodic transfer method would mean that files are only transferred at certain times even though the patient may have been deceased for some time.
It’s b bruh...............
Answer:
$707,000
Explanation:
Calculation for Sam's appraisal cost for quality last year
Using this formula
Appraisal cost = Annual inspection costs + Annual testing cost
Where,
Annual inspection costs =$172,000
Annual testing cost=$535,000
Let plug in the formula
Appraisal cost = $172,000 + $535,000
Appraisal cost = $707,000
Therefore Sam's appraisal cost for quality last year will be $707,000.
