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
antoniya [11.8K]
1 year ago
11

Because cash transactions occur more frequently than other transactions, there is more chance for making recording errors affect

ing cash.
a. True
b. False
Business
1 answer:
Fiesta28 [93]1 year ago
7 0

Cash transactions are more likely to be recorded incorrectly than other types of transactions since they happen more frequently.

<h3>What do you name a transaction?</h3>

A transaction is what? An executed contract between such a seller and a buyer to trade goods, services, or capital instruments in exchange for money is known as a transaction. The phrase is also frequently used in business accounting. In corporate bookkeeping, this easy notion could be difficult to apply.

<h3>Do you mean by transaction "payment"?</h3>

A transaction is the outcome of a contract between such a seller and a buyer. In a trade, the seller exchanges cash for the provision of goods, services, or other financial assets. A company's lifeblood is its financial activities, which enable them to produce a consistent revenue stream and manage cash flow.

To know more about transactions visit:

brainly.com/question/24730931

#SPJ4

You might be interested in
The wages of a timekeeper in the factory would be classified as
elixir [45]

Answer:

a

Explanation:

because it correct answer and correct answer

4 0
3 years ago
Read 2 more answers
How often should a financial checkup be completed
ryzh [129]

Answer:

a financial checkup should be completed annually.

7 0
2 years ago
Hich pricing strategy involves setting a high price for an exclusive, high-end product?
Sidana [21]
Yes, this encourages the buyer to pay more for an item especially if it is by a well known branded. This gives them to opportunity to brag and boast with their purchase. Also when the product is well known consumers are going to try their absolute best to buy it, this is going to make the product scare, hence increasing its price.
3 0
2 years ago
This information relates to Monty Real Estate Agency.
kotykmax [81]

Answer:

                                 Journal Entries

Date        Account Titles and Explanation      Debit       Credit

Oct. 1       Cash                                                  $34,040

                     Common Stock                                           $34,040

              (To record the cash is invested in the business)  

Oct. 2 No Journal Entry                               $0

Oct. 3      Office Furniture                                  $4,110

                    Accounts Payable                                         $4,110

               (To record the purchase of office furniture on account)  

Oct. 6      Accounts Receivable                          $10,780

                       Service Revenue                                         $10,780

                 (To record the services provided but cash is not yet collected)

Oct. 10      Cash                                                    $165

                      Service Revenue                                           $165

                (To record the services provided by cash)  

Oct. 27      Accounts Payable                              $690

                        Cash                                                             $690

                 (To record the payment made on accounts payable

                  relating to office furniture)  

Oct. 30      Salaries Expense                                 $2,740

                         Cash                                                           $2,740

                  (To record the payment of salaries to the assistant)

3 0
3 years ago
As a response to a rapidly changing marketplace, idea electronics found it necessary to reorganize, including a significant down
Arte-miy333 [17]
<span>This will lead to a flattening of the overall organization. This will allow the management to be closer to the end consumer, giving a better overall customer service reputation as well as a cost savings in not having to have as many levels of bureaucracy to go through on the part of the consumer.</span>
4 0
3 years ago
Other questions:
  • A company sells digital music players and is introducing its latest player to the market. The company knows it can’t compete hea
    5·1 answer
  • The managerial accountant at Donuts Galore needs to compute the target operating income to determine how much would need to be s
    12·2 answers
  • An individual purchased a taxable corporate bond at a premium. The bond has a remaining ten year maturity period. For federal in
    15·1 answer
  • What is the main goal of the creation of the federal budget?
    8·1 answer
  • Which of the following would be reported on a cash flow statement as an investing activity? Select one: a. Declaration of a cash
    11·1 answer
  • A government collects $700 billion annually in tax revenue. Each year it allocates $130 billion to interest payments that it mus
    11·1 answer
  • On January 1, 2018, Olympic Insurance Company granted 30,000 stock options to certain executives. The options are exercisable no
    15·1 answer
  • Last year, you purchased a $1,000 par value bond with a 7.5% annual coupon and a 20-year maturity. At the time of the purchase,
    9·1 answer
  • What are some products and services that may be purchased by calling the eight companies customer service number
    7·1 answer
  • Ayayai Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cos
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!