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2 years ago

An account is a record of increases and in a specific asset, liability, equity, revenue or expense.

1 answer:

4 0

An account is a record of every transaction, whether it increases or decreases the value of a specific asset, liability, equity, revenue, or expense.

<h3>What is an account?</h3>

An Account is a systematic way to record all the necessary transactions relating to a specific asset, liability, equity, revenue, or expense.

An account contains all types of transactions, whether related to financial or non-financial.

Thus, an account records all types of transactions that will increase or decrease the value of the specific asset, liability, equity, revenue, and expense.

Learn more about the Account here:

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What is moral muteness? Why do you think an advertising professional might experience this phenomenon?

SpyIntel [72]

Answer: See explanation

Explanation:

Moral muteness occurs when as individuals in the society, we choose not to speak up when we witness an unethical behavior by someone. Even though such issues don't go along with the moral beliefs of the person who witnessed it, he or she decides not to speak against it.

An advertising professional might experience this phenomenon because of the fear of the fear of the fact that speaking up might affect his or her chance of selling the product to the person with the unethical behavior and also due to fear of losing ones job.

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3 years ago

A cheque of Rs 4500 received from yogesh and deposited into bank. Required: Journal Entry

olga nikolaevna [1]

Answer:

See below

Explanation:

This transaction will affect the bank balance by increasing it with the check amount. The bank is cash (asset ) held in the bank. An increase in assets account is a debit. The bank A/c will be debited.

The check is received from Yogesh. Yogesh must have bought goods on credit and hence is an account receivable (asset). Since Yogesh has paid, his account decrease by the check amount. A decrease in assets is credited.

The journal entry will be

Bank A/c DR. Rs 4500

Yogesh A/c Cr. Rs 4500

3 0

3 years ago

If there are no excess reserves in the banking system and the Fed lowers the required reserve ratio, it follows that banks will

blagie [28]

Answer:

Excess reserves

Explanation:

Money supply in the economy is regulated by the central bank of Federal Reserve through various methods.

One of them is the use of reserve ratio.

Reserve ratio is the percentage of total deposit in a bank that commercial banks are required to keep aside and not use.

If there is no excess reserves and the Fed lowers required reserve ratio, it means banks will now have more money they can use to service customers.

The excess excess of the reserve can now the used to give out loans

3 0

3 years ago

Before setting your prices, it's wise to

natulia [17]

Answer:

<em>Before setting your prices, it's wise to research industry standards- B.</em>

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3 years ago

He Wall Street Journal reports that the rate on three-year Treasury securities is 4.75 percent and the rate on four-year Treasur

Volgvan

Answer:

1 +1R4= {(1 +1R3)(1 + E(4r1) +L4)}1/4

1.0500 = {(1.0475)^3(1 + 0.0525 +L4)}1/4

(1.0500)^4= (1.0475)3^(1 + 0.0525 +L4)

(1.0500)^4/(1.0475)^3= 1 + 0.0525 + L4

(1.0500)4/(1.0475)^3-1.0525

L4= .0050358564 = 0.504%

4 0

3 years ago