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
ANTONII [103]
4 years ago
14

Identity and explain the type of adjustment raised in each transaction entered into by ABC Ltd. show how each adjustment will be

reflected in the general journal for ABC Ltd for the year ended 31 December 2016
Business
1 answer:
Ierofanga [76]4 years ago
7 0
Identity and explainthe types of adjustment raised in each transaction entered into by ABC Ltd
You might be interested in
1) When there is uncertainty in the marketplace, what happens to yield spreads and why?2) Why do venture capital companies often
Yuki888 [10]

Answer and Explanation:

1. When there is high uncertainty in the market, there will be high yield spreads. This is because the higher the risk the higher the profit or compensation for risk

2.preferred stock positions pay more consistent dividends that common stock positions and also pay higher than bonds.

3.Accelerated depreciation is depreciation method in accounting that deducts higher depreciation expenses in the early life of an asset therefore leaving the company to pay less taxes on these assets and more cash flow. Increased cash flow consequently encourages and leads to more investment

5 0
4 years ago
Which of the following journals would a company use to record cash collections from customers, net of discounts taken?
erastova [34]

Answer:

b. Cash receipts journal.

Explanation:

When cash will be collected from customers net of discounts cash receipts journal will be used.

As at time of sale customers account will be debited and at the time when the payments will be received cash receipts journal will be debited and customer's account will be credited and accordingly, since cash is received and specific it is, General Journal will not be affected, and cash disbursements journal will also not be affected.

Also, as there are no purchases purchase journal will also not be affected, and sales journal will be affected at time of sale but not at he time of receiving payments from customers.

Thus, correct answer is

b. Cash receipts journal.

6 0
3 years ago
When a homeowner visited the home depot to buy what he thought he needed to fix a leaking toilet, he gathered up materials total
Gemiola [76]
The answer to this question is "Market Orientation" such as when the homeowner <span>visited the home depot to buy what he thought he needed to fix a leaking toilet, he gathered up materials totaling almost $70. When on his way to check out, an employee asked him what was he trying to fix. After some discussion, the employee convinced the homeowner that a $5.99 replacement part would fix the problem better than the materials he thought he needed and with less trouble. This kind of discussion between employees and customers is commonplace at the home depot and indicates the retail store has a MARKET orientation.</span>
6 0
3 years ago
Medlock Company sold inventory on credit for $3,000, terms 2/10, n/30. The cost of the merchandise to Medlock was $2,400. How mu
Finger [1]

Answer:

Medlock will receive $2,940

Explanation:

Credit terms of 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.

According to given data

Sales = $3,000

As the payment is made within discount period, so discount will be availed

Discount  = $3,000 x 2% = $60

Now deduct the discount from due balance to calculate the amount received.

Amount Received = $3,000 - $60 = $2,940

4 0
4 years ago
At the cinemas, diet cola and peppy soda are the two most popular brands of cola sold to customers through vending machines. thi
Mekhanik [1.2K]
Based on the description above, it is an example called automated retailing. This is being described as a self-service category in which individuals are likely to buy products from a machine that sells products in a way that they reach the customers in a more innovative and a non-traditional technique that makes it more appealing to the public.
7 0
3 years ago
Other questions:
  • If a new-car loan costs 6%, a used-car loan would cost approximately ___ percent
    10·1 answer
  • Bonita uses the periodic inventory system. For the current month, the beginning inventory consisted of 7300 units that cost $12.
    14·1 answer
  • The effort used to coordinate the factors of production is a description of:_______
    10·1 answer
  • Through what process can special interest groups and businesses influence the government?​
    8·1 answer
  • One of Hartman Company's activity cost pools is inspecting, with estimated overhead of $140,000. Hartman produces throw rugs (70
    15·1 answer
  • The following data pertains to activity and maintenance costs for two recent years:
    14·1 answer
  • What are the different structures of the market
    13·1 answer
  • Question 10 (5 points)
    10·1 answer
  • Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $12,750 cash an
    5·1 answer
  • Trial Balance Practice
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!