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Nataly_w [17]
2 years ago
9

The journal entry to record the purchase of materials on account in process cost accounting is a(n): Multiple choice question. i

ncrease in assets and an increase in liabilities increase in one asset and a decrease in another asset increase in assets and a decrease in liabilities decrease in assets and a decrease in liabilities
Business
1 answer:
Lilit [14]2 years ago
7 0

The journal entry to record the purchase of materials on account in process cost accounting is an Increase in assets and an increase in liabilities. Option A. This is further explained below.

<h3>What is a journal entry?</h3>

Generally, In process cost accounting, a rise in assets and an increase in liabilities are recorded in the journal entry for the purchase of materials on account.

In conclusion, A journal entry is a kind of entry that is used in the accounting records of a company to record a transaction that occurred inside the company.

Read more about the journal entry

brainly.com/question/15889958

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E. the income effect

Explanation:

Based on the scenario being described within the question it can be said that Rodi has observed the impact of the income effect on demand for his service. This effect describes the change in demand for a specific product or service that has been caused by the change in the consumer's purchasing power due to changes in that same customer's current income.

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The correct answer is (D) emotional intelligence .

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3 years ago
Which conclusions can be made about the growth of the economy? Check all that apply. Aggregate demand increased after 2009. Aggr
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Answer: • Aggregate demand increased after 2009.

• Aggregate demand increased between 2010 and 2011.

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How important is customer<br> service as part of meeting<br> customers' needs?
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Meeting customer needs is crucial for any business looking to retain and attract new customers. Because, as important as the discovery phase is, knowledge about what your customer needs from you is only as good as the way you use it. ... You may even need to plan, build and execute on a brand new facet of your product.

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2 years ago
Syfy Company on July 15 sells merchandise on account to Eureka Co. for $5,000, terms 2/10, n/30. On July 20 Eureka Co. returns m
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Answer:

The amount of cash received is $2940

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The cash received by Syfy on July 24 will be for the amount due after accounting for sales return by Eureka and after deducting the sales discount / discount allowed.

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3 years ago
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