What are the two fundamental equality requirements of the double-entry accounting system?

1 answer:

6 0

Debits must = Credits, so if some one bought a $20 sofa, the credit would be the asses, more specifically the cash account because it goes down by $20 and the debit would also be the assets but the furniture, becasue it goes up by $20, 20=20 so debit=credit

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A ________ limits the quantity of imported merchandise, thus minimizing competition faced by domestic products.

sertanlavr [38]

Answer: Import Quota

Explanation:

A quota is defined as a government-imposed limit that is placed on trade whether import or export so as to control goods and services that enter or leave the country. we have different typos of quota but we will talk about the

Import Quotas --- To reduce competition faced by local products, government places import quotas on import goods so as to prevent the flood of foreign goods in the market which most times are cheaper than local goods as they are mostly produced with cheaper labor than the domestic products .

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Brums [2.3K]

Answer:

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Hope this help!!

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2 years ago

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iVinArrow [24]

Answer:

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Explanation:

Starting from the two first column of the unadjusted trial balance The accountant will prepare and complete the adjusting entries section. After that, the combination of the unadjusted TB and the adjusting entries will give the adjusted trial balance. After that, the account balance is distributed according to the financial statement --> Balance sheet and income statement.

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2 years ago

_____ is a strategy used when giving constructive feedback.

lorasvet [3.4K]

The Sandwhich technique is a strategy used when giving constructive feedback.

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3 years ago

On March 1, 2018, E Corp. issued $1,400,000 of 8% nonconvertible bonds at 103, due on February 28, 2028. Each $1,000 bond was is

Anvisha [2.4K]

Answer: $126,000

Explanation: Shareholders equity can be defined as the total amount of investment done by the shareholders in the company. This investment can be done through various kinds of securities like common stock, preference shares.

As per this problem shareholder equity would be

= (no. of shares to be collected by warrant holders)*(price of each warrant)

and,

no. of shares to be collected = (1400 bonds) * (30 shares)

= 42,000 shares

therefore, equity :-

(42,000 shares) ( $3 ) = $126,000

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3 years ago