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OleMash [197]
2 years ago
11

exercise 1-1 (algo) classifying activities reflected in the accounting system lo c1 select the aspect of accounting associated w

ith the following activities.
Business
1 answer:
larisa86 [58]2 years ago
3 0

The activities reflected in the accounting system are:

  • 1. Analyzing and interpreting reports. - Communicating
  • 2. Acquiring knowledge of revenue transactions. -identifying
  • 3. Reporting debt owed to lenders. - Communicating
  • 4. Maintaining a log of sales transactions.- recording  
  • 5. Measuring revenue from a holiday sale.- recording
  • 6. Measuring the costs of a product. - recording
  • 7. Reporting the profitability of a product line. - Communicating
  • 8. Preparing financial statements. - Communicating

<h3>What are some aspects of accounting?</h3>

There is the communicating aspect which is related to how information from the financial statements are presented so that people have access to that communication.

Identifying refers to finding out the various accounting transactions. Recording refers to all aspects of noting down information in accounting and putting them in financial statements.

Find out more on aspects of accounting at brainly.com/question/26380452

#SPJ1

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Answer:

her business plan document

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2. marketing strategy,

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4. Service process etc

The bank has the responsibility of analysing this document and then making a decision whether to grant her funds.

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$483,000.987

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3 years ago
Haven Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $600,
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Answer:

Debit Bad debt expense   $19,000

Credit Allowance for doubtful debt   $19,000

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.

Amount that may be uncollectible

= 4% *  $600,000

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3 years ago
Mention three barriers to interpersonal communication and how to overcome them
yawa3891 [41]

Explanation:

  1. Empathy,
  2. linguistic and
  3. cultural barriers.

Barriers to interpersonal communication can result from specific situations and personal differences that contribute to making the communication process more difficult.

However, it is possible to identify and overcome them. In the case of barriers of empathy, they can occur when there is no intention of understanding a certain situation that an individual is sharing with another individual, which may imply resistance in the listener that makes communication difficult , to overcome it, there must be greater understanding on both sides, greater respect and ethics on both sides.

In linguistic and cultural barriers it is necessary that individuals are willing to respect different values ​​and cultures, acting with ethics and respect. When there is a need to communicate with people of different nationalities, as in a multicultural work environment for example, language barriers must be minimized with the learning of a common language, such as English for example.

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3 years ago
On January 1, 2015, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a sal
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Answer:

1    

Dr Fixed asset equipment_________$10000    

Cr Cash_______________________________$10000    

purchased equipment    

   

2    

Dr Depreciation expense____________$1800    

Cr  Acummulate Depreciation_______________$1800    

Anual depreciation    

Explanation:

1    

Dr Fixed asset equipment_________$10000    

Cr Cash_______________________________$10000    

purchased equipment    

   

2    

Dr Depreciation expense____________$1800    

Cr  Acummulate Depreciation_______________$1800    

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