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AlekseyPX
2 years ago
12

The entry to record the sale of services for cash includes a ______.

Business
1 answer:
Lostsunrise [7]2 years ago
8 0

The entry to record the sale of services for cash includes a Debit to cash

Credit to service revenue

    The foundation of a business's double-entry accounting system is debits and credits. Credits represent funds deposited into an account, whereas debits indicate funds withdrew from one. At least one debit and one credit in equal but opposite amounts must be recorded to the business's accounting ledger for each financial transaction conducted by the company.

Debits and credits are used by bookkeepers and accountants to balance each recorded financial transaction for specific accounts on the balance sheet and income statement of the organization. In a double-entry accounting system, the employment of debits and credits enables the company to more quickly balance its books at the conclusion of each time period.

To learn more about credit click here:

brainly.com/question/1590835

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Law Incorporation [45]

Answer:

B. Investments that are not readily convertible to cash or not intended to be converted to cash in the short term

Explanation:

Long term investments are assets that a firm intends to hold onto for a period exceeding one year. They include projects, and investment vehicles are expected to generate revenue for several financial periods. Long term investments are characterized by a higher degree of risk in pursuit of greater rewards.

Examples of long term investments include bonds, stocks, plants and machinery, and real estate. Long term investments such as real estate and machinery are not easily disposed. Some are never disposed.

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3 years ago
How much would Keith have in his account after three years if he started with $200 and earns 2 percent interest, compounding ann
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3 years ago
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Which most likely occurs because resources are nonrenewable and because wants and needs are unlimited?
Wittaler [7]

Answer: b). Scarcity

Explanation:

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Non-renewable resources refer to the resources which do not renew itself at a sustainable rate and have the risk of depletion. In addition to this, human wants are unlimited, a normal human being wants more and more of everything.

When non-renewable resources and unlimited wants are combined together they lead to the shortage of resources, which lead to its <em>scarcity</em>.  

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3 years ago
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elixir [45]

Answer:

c. Events

Explanation:

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REA a technique used for documentation, and it represents a portion of an entity-relationship diagram.

During the different evaluation of business cycles, the minimum cardinalities of the event are usually the same. It is not altered, i.e., they remain 0 despite each business cycle component when REA diagrams are fused.

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3 years ago
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Answer:

Both focus on providing incentives to consumers or wholesalers to make an immediate purchase.

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The Consumer sales promotion and trade sales promotions share a similarity. They are both used in helping to drive short-term consumer demand for products by giving consumers or wholesalers the incentive to purchase now or incentive to make an instant payment.

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