All categories

2 years ago

What two accounting equalities must be maintained in transaction analysis?

Business

1 answer:

STALIN [3.7K]2 years ago

4 0

Two accounting equalities to maintain in transaction analysis are Assets and Liabilities + Equity.

One key element of performing accounting transaction analysis is ensuring that the accounting equation is balanced. This means that for every debit account entry, you must have a credit account entry of the same amount.

This accounting equation works as-

Assets = Liabilities + Equity

Assets- This refers to the resources of a company and includes cash and cash equivalents, accounts receivable, and inventory.

Liabilities and equity- The liabilities of a company refer to its financial obligations, such as loans, long-term debts, mortgages, and notes payable.The shareholder’s equity of a company refers to the dollar value of the company and can be calculated by subtracting its liabilities from its assets. Both liabilities and equity show how the company has financed its assets.

To learn more about transaction analysis here

brainly.com/question/20983891

#SPJ4

You might be interested in

Due to impending labor strife over planned layoffs in its Silicon Valley headquarters, a social networking company has decided t

Ivanshal [37]

Answer:

putting a halt on the layoffs

Explanation:

This strategy should begin by putting a halt on the layoffs. This should be top priority since the layoffs themselves are the main cause for the criticism that the company is receiving and this criticism is the sole reason as to why its market position and staff productivity has fallen drastically. People think the company is failing and the staff is scared that they will eventually be fired. By stopping layoffs and waiting for a market recovery you give other better options a chance to arise and more efficient strategies to take effect.

6 0

3 years ago

A conversion strategy whereby an organization uses the new system with select users/parts of the organization until issues are r

hoa [83]

Answer:

A) Pilot strategy

Explanation:

Under a pilot strategy, before a new system is fully implemented, it is first subjected to testing under a given situation by using it in selective parts of the organization , to assess it's compatibility with the situation or if the system requires necessary changes.

This could also be a kind of experimentation to evaluate the feasibility of a system before deciding upon it's final implementation.

If the system under consideration matches the desired results, the organization proceeds with it's full implementation in the entire organization.

If not, necessary changes need to be incorporated in the system.

5 0

3 years ago

People pay taxes for many reasons. Which of the following is NOT one of those reasons? A) civic duty B)moral reasons C)fear of I

Mice21 [21]

I feel the answer is B I really hoped this helped have an amazing day

6 0

3 years ago

Read 2 more answers

Which members of OPEC would be the most likely to favor high oil prices now because of their small percentage of the world prove

solmaris [256]

The members of OPEC that would be in favor of high prices due to the small oil reserves that they have would be the countries in Africa

Ecuador
Angola
Tunisia
Gabon

This is an organization of the petroleum producing countries of the world.

Due to a rise in the oil prices now, these nations would most likely be favored in the sales of their products

Read more on OPEC here: brainly.com/question/26412451

6 0

2 years ago

_____________ are companies that are similar to s corporations but are not restricted with similar eligibility requirements.

Levart [38]

<u>"Limited liability companies" </u>are companies that are similar to s corporations but are not restricted with similar eligibility requirements.

A limited liability company is a corporate structure whereby the individuals from the organization are not actually obligated for the organization's obligations or liabilities. Limited liability companies are half and half elements that join the attributes of an enterprise and an association or sole proprietorship. While the constrained risk include is like that of an enterprise, the accessibility of move through tax assessment to the individuals from a LLC is a component of organizations.

4 0

3 years ago