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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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3 years ago
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Aliun [14]

Answer:

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Explanation:

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8 0
3 years ago
Read 2 more answers
If you exhibit the endowment effect as a decision maker, then you are ____
zaharov [31]

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Explanation:

5 0
4 years ago
26 Your company expects to receive 5,000,000 Japanese yen 60 days from now. You decide to hedge your position by selling Japanes
Nostrana [21]

Answer:

$47,500

Explanation:

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To find out the dollar amount we multiply the Expected yen receivable  with the forward rate so that accurate value can come. And, we ignored the current spot rate and the turns out spot rate

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Why is it important to know that it will take 4-6 business days to process your payment request?
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The process of Automated Clearing House make it take up to 4-6 business days to process payment request.

The payment request is a process initiated by the creditor and it is majorly based on website platform such as P.aypal, P.ayoneer etc.

Usually, when a payment request is initiated, a process called Automated Clearing House (ACH) is used by the financial institution to help transfer money to respective account of potential receivers.

However, the Automated Clearing House process can take up to 3,4, or 5 business days before the account will be credited even after the sender account have been debited.

Learn more about this here

<em>brainly.com/question/11492961</em>

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