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Alexus [3.1K]
1 year ago
15

Pete jackson purchased office equipment costing $3,000 for his business and paid immediately. record this transaction in the acc

ounting equation by:_____.
Business
1 answer:
Hatshy [7]1 year ago
3 0

Pete Jackson purchased office equipment costing $3,000 for his business and paid immediately. record this transaction in the accounting equation by: decrease cash, increase equipment.

When using the accounting equation, recording the acquisition of kit for cash would come with a rise to the account and a decrease to the (Cash/Equipment/Supplies) account. What's the right definition of an asset? Business activities change the amounts within the accounting equation.

The purchase of an equipment would only result in a rise in an asset (Equipment) and a decrease in another asset (Cash) within the same amount which might result in the identical total amount of assets, liabilities and equity, and can not affect the fundamental accounting equation.

The formula is straightforward: A company's total assets are adequate to its liabilities plus its shareholders' equity. The accounting equation is also expressed as assets - liabilities = owner's equity.

learn more about Equipment: brainly.com/question/24194507

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insens350 [35]

The correct alternative regarding tax revenue:

<u>B-Personal income tax is currently the largest source of government revenue in South Africa.</u>

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<u>Indirect </u><u>Taxes</u>

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5 0
2 years ago
Robots
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Based on the PPC given, the points given would represent the following:

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<h3>What do points on the PPC represent/</h3>

Points on the curve represent the efficient usage of resources because they show that all available resources are being used. Points B, C, and D are therefore all efficient.

Point X is impossible because all points outside of the PPC are not attainable due to a lack of resources. Point A shows that the available resources are not being fully utilized.

Options to describe the points:

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Find out more on the PPC at brainly.com/question/2617319.

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3 0
2 years ago
Training workers to do their jobs properly and working with suppliers to improve the quality of material they supply to you are
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5 0
3 years ago
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Keith_Richards [23]

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5 0
2 years ago
A three-month HP put option with an exercise price of $60 sells for a premium of $8. The put is in the money only if the price o
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