1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ainat [17]
11 months ago
13

2008 1 Mar Started business with $1,000 cash.credit or debit​

Business
1 answer:
SSSSS [86.1K]11 months ago
3 0

Answer:

The cash a/c is debited as it is an asset for the business and the capital a/c is credited as it is a liability for the business according to the business entity concept.

You might be interested in
A journal in the books of accounts of a company showed that stationery worth $1,500 was purchased by the company in an accountin
Mars2501 [29]

Answer:

B. debit the stationery account and credit the cash account

Explanation:

Every transaction in business has both credit and debit entries in the general journal. Increase in assets, both current and fixed assets, is always debited while decrease in assets is always credited. Both stationery and cash are company’s fixed and current assets respectively. In this case, there is increase in company’s stationery so we debit stationery account. On the other hand, there is decrease in the company’s cash so we credit the cash account. The correct answer is B  

4 0
2 years ago
Read 2 more answers
In the 21st century, we define justice as:
9966 [12]

Answer: a. an equitable distribution of the burdens and rewards that society has to offer

Explanation: In the 21st century which is a time of creativity and innovation, justice is defined as an equitable distribution of the burdens and rewards that society has to offer.  It is the ideal of fairness, impartiality, etc.; the state or characteristics of being just and fair, especially with regard to the punishment of wrongdoing.

8 0
3 years ago
Marlee mills owns a home in the village of Sheridan with a market value of $46,800. The assessed value of the home is $16,380. A
astra-53 [7]

Answer:

<em>=>  Danielle pay $573.3 in property tax</em>

Explanation:

To calculate the property tax of the house, we take the property tax rate multiply by the assessed value of the property.

=> <em>Property tax = Assessed Value x Property Tax Rate</em>

The assessed value estimate the market value for the property, however even when there is large gap between these two, the assessed value is still used to calculate property tax because it is its purpose.

So that Danielle pay in property tax:

<em>Property tax = 16,380 x 3.5 = 57,330 cent = $573.3 </em>

<em>=>  Danielle pay $573.3 in property tax</em>

<em />

5 0
3 years ago
"esprit de corps”' is a term associated with
Aleks04 [339]
<span>"esprit de corps” is mostly associated with loyalty and camaraderie. The following (order and discipline, morale, goals and accountability, mentoring, communication) are related to the meaning of the phrase. 

a. order and discipline are evident in a group when the team respects the leader, as well as the leader respects his team. This is the foundation of discipline. 

</span>
4 0
3 years ago
In economics , the what is it called when individuals focus on perfecting a limited range of tasks, so as to become experts in t
Korvikt [17]
Specialisation is when individuals focus on perfecting a limited range of tasks so as to become experts in that particular field
8 0
3 years ago
Other questions:
  • Jeremy is studying the effects of income on the demand for Greek ceramics. If "ceteris paribus" is used, which factors would be
    11·1 answer
  • While playing with his toy truck on the couch, Nezzy points to the toy truck and says, "Truck go." His father responds to this b
    8·1 answer
  • What is the total Cost of Goods Sold for December 31, 2016 if a manufacturer has the following account balances at December 31,
    11·1 answer
  • money owed to the hotel for services already performec is called (a)accounts payable(b)accounts receivable(c)unposted transactio
    9·1 answer
  • Burkhardt Corp. pays a constant $13.60 dividend on its stock. The company will maintain this dividend for the next 9 years and w
    9·1 answer
  • The statement of cash flows reports:_______ a) Changes in equity. Equity, net income, and dividends. b) Cash inflows and cash ou
    6·1 answer
  • Say you own an asset that had a total return last year of 11.7 percent. If the inflation rate last year was 6.9 percent, what wa
    13·1 answer
  • pappelbon Enterprises recently acquired a chain of convenience stores offering both fuel and food. Pappelbon is now surprised an
    9·1 answer
  • Labor costs charged to manufacturing overhead represent ______ labor costs.
    5·1 answer
  • Strategic positioning involves performing the same activities as rivals in a similar way, but at a lower cost. True or false?.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!