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svetoff [14.1K]
1 year ago
8

What strategy would a bookkeeper utilize to make sure each column of debits and credits have similar totals?.

Business
1 answer:
Mnenie [13.5K]1 year ago
7 0

A trial balance strategy would a bookkeeper utilizes to make sure each column of debits and credits has similar totals.

Credit is normally described as an agreement between a lender and a borrower. credit additionally refers to a person's or commercial enterprise's creditworthiness or credit score records. In accounting, credit may additionally both lower belongings or growth liabilities in addition to decreasing fees or increase sales.

A credit score balance for your billing declaration is a quantity that the cardboard issuer owes you. credit is brought to your account each time you make a price. A credit score is probably brought while you go back to something to procure together with your credit score card.

Learn more about credits  here: brainly.com/question/26867415

#SPJ4

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An insurance firm that follows the systems development life cycle concept for all major information system projects is preparing
lyudmila [28]

Answer:

The correct answer is Technology and related costs.

Explanation:

Feasibility refers to the availability of the resources necessary to carry out the stated objectives or goals. Generally the feasibility is determined on a project.

The feasibility study is one of the first stages of the development of a computer system.

The study includes the objectives, scope and restrictions on the system, in addition to a high-level logical model of the current system (if it exists). From this, alternative solutions are created for the new system, analyzing for each of these, different types of feasibility.

5 0
4 years ago
Morgan Company's budgeted income statement reflects the following amounts: sales Purchases Expenses January $121,000 $79,000 24,
lana66690 [7]

Answer:

$115,250

Explanation:

The computation of the budgeted cash receipts in February month is shown below:

= Sales collected in February month + sales collected in January month - balance in accounts receivable

where,

Sales collected in February month equals to

= $111,000 × 50%

= $55,500

Sales collected in January month equals to

= $121,000 × 25%

= $30,250

And, the balance of accounts receivable

= $59,000 - $29,500

= $29,500

Now put these values to the above formula  

So, the value would equal to

= $55,500 + $30,250 + $29,500

= $115,250

3 0
3 years ago
During fiscal 2016, Shoe Productions recorded inventory purchases on credit of $337.8 million. The financial statement effect of
Elanso [62]

(C) Increase liabilities (Accounts payable) by $337.8 million.

<h3>What is inventory?</h3>
  • Inventory, often known as stock, refers to the items and supplies that a company keeps for the purpose of resale, manufacturing, or use.
  • Inventory management is largely concerned with establishing the shape and positioning of stocked products.
<h3>What is purchasing on credit?</h3>
  • A credit buys, sometimes known as purchasing anything "on credit," is a purchase made today that will be paid for later.
  • When you use a credit card, for example, your financial institution pays for the products or services upfront and then collects the payments from you later.
  • Purchase on credit refers to an increase in liabilities.

Therefore, the correct option is (C) Increase liabilities (Accounts payable) by $337.8 million.

Know more about credit here:

brainly.com/question/26867415

#SPJ4

7 0
2 years ago
The following events apply to The Ice Cream Parlor for the 2014 fiscal year:
aev [14]

Answer:

See explanation section

Explanation:

See the image below

3 0
4 years ago
If Joe transfers $1,000 from his savings account to his checking account and assuming that banks cannot lend this money, then:a.
hoa [83]

Answer:

C

Explanation:

Mi money are highly liquid financial assets like checking account , cash and traveler's check while the M2 money are not as liquid when compared to M1, Example  is , in addition to M1, savings , money market fund and certificates of deposit.

This means that whatever that impacts M1 will also impact M2.

Therefore , the transfer of $1000 for savings account will increase M1 by $1000.

7 0
3 years ago
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