All categories

2 years ago

What are noncash investing and financing activities, and how are they recorded in QuickBooks Accountant?

1 answer:

5 0

QuickBooks Accountant visit the employer menu and pick Make trendy journal Entries, make certain your debits same our credit when we are done.

Some making an investment and financing sports occur with out producing or consuming coins. as an instance, a enterprise may trade not unusual inventory for land or gather a building in change for a word payable.Big noncash financing and making an investment sports are reported at the agency's earnings declaration.

Non-cash transactions are always recorded in the income statement, as they directly effect general internet income, however do now not impact coins go with the flow. subsequent, you may need to create a contra account for your device to preserve music of your monthly depreciation price.can also

A magazine access is a report of the business transactions in the accounting books of a business. A nicely documented magazine access includes an appropriate date, quantities to be debited and credited, description of the transaction and a unique reference number. A magazine access is the first step inside the accounting cycle.

Learn more about noncash investing here:-brainly.com/question/28088065

#SPJ4

You might be interested in

How do trade agreements of international organizations affect trade? by incentivizing the development of trade policies by elimi

kupik [55]

Any contractual arrangement between governments addressing their trading interactions is referred to as a trade agreement. Trade treaties can be bilateral or multilateral, that is, among two or more states.

<h3>Why are trade agreements important?</h3>

Countries engage in international trade because there are financial benefits to be had. These benefits include expanded product diversity, cheaper pricing, superior quality, enhanced technological spread, and increased consumption by the country as a whole. Increased trade openness has been associated with higher GDP growth.

Thus Option C is correct about the trade agreement.

For more information about the Trade agreement refer to the link:

brainly.com/question/1550074

7 0

2 years ago

Technician who is responsible for keeping an airport's control tower's electronic equipment in working order has higher ________

Ronch [10]

The answer to the blank space in the question is task significance. Task significance is <u>the extent to which a person’s job is perceived as important and has impact on both the company and customers</u>.

Jobs with higher task significance would be perceived as important by both the person doing it and other people around him, including his co-workers and customers.

5 0

3 years ago

An American student buys an airline ticket on the Royal Dutch Airlines, KLM. This enters the U.S. balance of payments accounts a

viva [34]

Answer:

Explanation:

how to make the best of it and I will be there at last minute but I am not sure if I can make it to the meeting tonight but I will be there at last minute.

8 0

2 years ago

A certain loan program offers an interest rate of 7%, compounded continuously. Assuming no payments are made, how much would be

vovikov84 [41]

Answer:

The amount of loan after two years is $2875.68.

Explanation:

Given information:

Interest rate = 7%, compounded continuously.

Time = 2 years

Initial value of loan = $2500

The formula for amount after continuous compound interest is

$A=Pe^{rt}$

where, P is principal,r is nominal rate per year, t is time in year.

Substitute P=2500, r=0.07, t=2 in the above formula.

$A=2500e^{0.07\cdot 2}$

$A=2500e^{0.14}$

$A=2875.68449714$

$A\approx 2875.68$

Therefore the amount of loan after two years is $2875.68.

8 0

3 years ago

What's one reason that buyers might need additional cash at closing for a short sale?

Ugo [173]

Short sales don't clear liens from the title, so buyers may have to pay debts at closing.

A short sale affects whilst a vendor would not obtain sufficient coins from a buyer to pay off their mortgages. The seller may want to have paid or borrowed an excessive amount for the assets. The housing marketplace may have dropped, so its honest marketplace price is much less than the modern-day loan stability.

A short sale is when a mortgage lender has the same opinion to accept a loan payoff quantity less than what's owed with the purpose to facilitate a sale of the property by a financially distressed owner. The lender forgives the remaining stability of the mortgage.

A short sale comes with quite some catches. There are extra parties involved than a standard sale making the system complex and often lengthy. In a conventional home sale, price negotiations show up among the consumer and vendor (or their representatives), now not the seller's bank.

Learn more about the short sales here: brainly.com/question/25743891

#SPJ4

7 0

2 years ago