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lisabon 2012 [21]
3 years ago
7

What is double entries for debit note received

Business
1 answer:
ivanzaharov [21]3 years ago
7 0
The double entry<span> system of accounting or bookkeeping means that every business transaction will involve two accounts</span>
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Which of the following statements is false? a. A credit is a deposit to a checking account. b. A debit is a withdrawal from a ch
allsm [11]

Answer:

c. An overdraft is a fee your bank charges you for opening a checking account.

Explanation:

Checking account is a deposit account with a bank or any  financial institution that allows the owner of such account to make withdrawals and deposits. They are also known as demand accounts or transactional accounts. They are very liquid and allows for countless deposits and withdrawals and can be obtained  by using automated teller machines, checks and electronic debits, and a number of  other methods.

A checking account is unlike other bank accounts like less liquid savings or investments account it allows for countless withdrawals and unlimited deposits, and savings accounts sometimes limit both.

The statement that an overdraft is a fee that banks charges for opening a checking account is false.

Overdraft is a form of extension of credit from a finiancial institution and often granted when an account reaches zero. it allow such account holder to continue withdrawing money even though the account has no funds  or insufficient funds that would cater  for and cover the amount of the withdrawal. So it is not the fee that bank charges for opening a checking account, instead what checking account offers is overdraft protection in which if a checking account owner write a check or make a purchase than the funds in the checking account, the bank may cover the difference.

8 0
3 years ago
Read 2 more answers
Phoenix Automated Retail Services specializes in DVD rentals via automated retail kiosks. If consumers want a particular DVD, th
pshichka [43]

Answer: Contact efficiency.

Explanation:

Phoenix automated retail provides contact efficiency for their customers as they help reduce the stages the consumers pass through before they can hire their products. Contact efficiency is a method of eliminating unnecessary stages in the supply chain between the consumer and the product they seek to purchase.

6 0
3 years ago
When new technology for the more efficient production of peanut butter was implemented, the supply curve for peanut butter
MissTica
When new technology for the more efficient production of peanut butter was implemented, the supply curve for peanut butter <span>shifted to the right. The correct option among all the options that are given in the question is the second option. I hope that this is the answer that has come to your help.</span>
4 0
3 years ago
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As Idle Time Gaming, Inc.'s business and product lines continue to grow, it wants to limit the need to build additional space to
Pachacha [2.7K]

Answer:

Letter D is correct. <u>Telecommuting.</u>

Explanation:

Telecommuting can be defined as the possibility that a company offers employees to work outside the office, being able to do the work from their own home or from different locations. In this work agreement, contact with the company is made through communication via email, telephone and remote conferences, but the  an employee can also be in the office to attend meetings or have direct contact with their managers.

There are many added benefits in the strategic use of telecommuting, some of which are greater flexibility and freedom of choice for the worker to define his time and place of work, which consequently increases productivity and motivation for work.

5 0
3 years ago
The original value of a car is $15,000, and it depreciates (loses value) by 20% each year. What is the value of the car after th
Roman55 [17]
The value of car after three years is equal to the original price times the multiplier raised to a 3 (because of number of years). This is shown in the equation below,
                                         V = P x (1 - r)^3
Substituting the given values,
                                        V = ($15,000) x (1 - 0.2)^3
The value of the car after three years is equal to $7,680. The answer is letter D. 
7 0
3 years ago
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