Answer: decrease the creditor's account balance and be posted to the debit
Explanation:
Allowances are reductions in the money owed to creditors and they include things like sales returns or sales discounts. When recorded, they should therefore reduce the amount in the creditor's account to show that less cash is owed to the creditor.
As Creditor accounts are liabilities, they are credited when they increase and debited when they decrease. They will therefore have to be debited in this instance.
False, even if an objective is impossible to attain , it still meets the criteria of good objective because it motivate workers.
Explanation:
Goal and objectives are required for running a company properly. If the workers are motivated they will be able to increase the production as well as work hard to improve their performance. It will increase the output
Proper motivation increases the efficiency of the workers , it also increases the efficiency of the company, it also reduces the cost and also increase the overall productivity. Workers are also motivated if they are given reward for their work. The leader should keep in mind that he should motivate for that can be achieved if the goal are not not achieved the workers will be dishearten.
When bonds are issued at a premium which means bonds are issued at more than their par value. This premium amount is amortized over the life of the bond and at the end of the life bond will be equal to the face value.
A bond that's trading at a premium means that its price is trading at a premium or higher than the face value of the bond. For example, a bond that was issued at a face value of $1,000 might trade at $1,050 or a $50 premium. Even though the bond has yet to reach maturity, it can trade in the secondary market. In other words, investors can buy and sell a 10-year bond before the bond matures in ten years. If the bond is held until maturity, the investor receives the face value amount or $1,000 as in our example above.
A premium bond is a bond trading above its face value or costs more than the face amount on the bond.
A bond might trade at a premium because its interest rate is higher than the current market interest rates.
The company's credit rating and the bond's credit rating can also push the bond's price higher.
Investors are willing to pay more for a creditworthy bond from the financially viable issuer.
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Answer:
Oil to Commodity market, Treasuries to current exchange market, and Dollars to bond market
Explanation:
A bank correction of an error from recording a $50 check paid as $500 appears on the bank statement as a<u> credit memorandum that increases the account balance</u>.
Recording errors must be introduced or subtracted from the ebook stability. If the item cleared the financial institution for much less than the quantity within the books, add the amount of the error. If the object cleared the financial institution for greater than the quantity within the books, subtract the quantity of the mistake
Make all the necessary modifications for the bank's mistakes. In case the bank reconciliation statement begins with the debit stability as in keeping with the financial institution column of the coins ebook, add all of the quantities erroneously credited by the bank and deduct all the quantities erroneously credited by using the bank.
Debit cash within the journal via writing "cash" on the primary journal line and the quantity of the error within the debit column of the magazine. visit the road proper under it within the magazine, indent the access barely, then write the account call laid low with the mistake and credit score the quantity of money involved.
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