1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dvinal [7]
2 years ago
8

A t-account has space at the top for the account title and two sides for recording ______ and ______ to the account.

Business
1 answer:
Pani-rosa [81]2 years ago
7 0

A t-account has space at the top for the account title and two sides for recording debit and credit to the account.

What is the principle of double entry?

The principle of double entry which is used for t-account is that every debit entry has a corresponding credit entry, in essence, the t-account would have two sides for recording debit and credit entries to the account.

For instance, a sales revenue for cash  would be debited to cash account, the debit side of cash t-account and credited to the sales revenue account, the credit side of sales t-account

Find out more about double entry on:brainly.com/question/14279491

#SPJ1

You might be interested in
Ralph’s Hardware updated its accounting system and agreed to purchase a computer system from a manufacturer, Bits and Bytes (BB)
Andrej [43]
Given:
<span>Fact 1: During contract negotiations, BB’s sales representative promised that the system was “A-1” and “perfect.”
</span><span>Fact 2: The written contract, which the parties later signed, disclaimed all warranties, express and implied. 
</span><span>Fact 3: After installation the computer produced only random numbers and letters, rather than the desired accounting information

The express warranty is given in Fact 1 where the Sales Rep promised that the system was "A-1" and "perfect". There is a breach in express warranty here IF the written contract also expresses the same promises. 

However, the written contract </span>disclaimed all warranties, express and implied. AND BOTH PARTIES SIGNED THIS CONTRACT. It implies that the buyer has read through the contract and has agreed with what is written in the contract. Thus, they can't file a suit against BB for breaching an express warranty since the written and signed contract has already disclaimed all warranties. 

4 0
4 years ago
nformation for firm ABC: Inventory at the end of April, 2008: 200 units Expected demand during April, 2008: 50 units Production
OverLord2011 [107]

Answer:

Inventory at the end of march 2008 = 150 units

Explanation:

<em>The closing inventory at the end of a particular period will be opening inventory at the beginning of the following period.</em>

<em>Note that the inventory at the end of March 2008 will be the opening inventory at the beginning of April 2008.</em>

<em>The production budgeted for a particular period is the expected units  to be produced  after adjusting the sales budget figures for opening and closing inventories. </em>

Production =  Sales volume + closing inventory - opening inventory

100 = 50 + 200 - X

X = 50 + 200 -100

X = 150 units

Inventory at the end of march 2008 = 150 units

3 0
4 years ago
If you take out a loan, which two things do your loan payments go toward?
Alborosie
Shelter and food? unless you have that loan for something else
5 0
4 years ago
Read 2 more answers
Why can driving on rural roads can be even more dangerous than on city streets?
qwelly [4]
The correct answer is "letter c<span>.These are often narrow, two-lane roads with no physical barrier separating oncoming traffic."

In rural provinces or places, there are less developments done in their roads, since the people living in rural areas, they seldom use cars. Which is why roads are less developed, which is why driving on rural roads are considered to be dangerous and the driver should always be cautious with his or her surroundings, because the rural road are different from the urban ones.</span>
4 0
4 years ago
"when johanna cut prices in her jewelry store by 20 percent, the dollar value of her sales fell by 20 percent. this indicates th
anzhelika [568]
How much ever percent she cuts so will the value of her sales
3 0
4 years ago
Other questions:
  • The following information is from the 2015 records of Armand Camera Shop: Accounts Receivable, December 31, 2015 $40,000 (debit)
    13·1 answer
  • The first step in process flowcharting is to__________ A. draw the flowchart. B. break the process down into blocks. C. assemble
    5·1 answer
  • Diamond's Corporation has an investment in 5,000 shares of Sigmoid Company common stock with a cost of $218,000. These shares ar
    15·1 answer
  • Products sold at factory outlets sometimes contain minor flaws<br><br> A.true<br> B.false
    7·2 answers
  • The principles of​ ________ can be learned and applied by people whose personal characteristics are quite different.
    9·1 answer
  • The Baldwin company currently has the following balances on their balance sheet: Assets $244,260 Common Stock $54,527 Retained e
    12·1 answer
  • Those who do what they like and get paid well to do it are __ in their careers.
    12·2 answers
  • A good rule of thumb is to limit consumer credit payments to ____________ percent of your net monthly income.
    9·1 answer
  • The Adept Co. is analyzing a proposed project. The company expects to sell 3,500 units, give or take 10 percent. The expected va
    8·1 answer
  • Vegetarian Delights has been experiencing declining market conditions for its specialty foods division. Management decided to te
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!