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katen-ka-za [31]
2 years ago
8

Detailed information about the financial statement elements is maintained in records commonly called?

Business
1 answer:
sergij07 [2.7K]2 years ago
4 0

Detailed information about the financial statement elements is maintained in records commonly called "Accounts'

An account in accounting is a general ledger entry that is used to categorize and record transactions. For example, businesses will have a Cash account where they may record each transaction that raises or reduces the amount of cash they have on hand.

Three different accounts exist.

  1. Real account: It links assets and obligations; it excludes accounts for specific individuals. They continue every year.
  2. Personal accounts link the accounts of people,
  3. Businesses, and organizations. All accounts for income, spending, losses and profits are related by a nominal account.

To learn more about financial statements

brainly.com/question/26243955

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Answer:

8,000 square foot

Explanation:

Total space available 20,000 square foot.

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If 60% is will be used, only 40% will be availble for construction.

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Suppose you win on a scratch‑off lottery ticket and you decide to put all of your $3,500 winnings in the bank. The reserve req
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Answer:

35000

A, d

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If $3500 is deposited and reserve requirement is 10%

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2 years ago
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b. some firms exit, industry supply decreases, market price rises.

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If firms are making economic loss is the short run, in the long run, firms leave the industry. This leads to a fall in supply and prices rise as a result. In the long run, firms in a competitive industry earn zero economic profit.

I hope my answer helps you

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3 years ago
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