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SVEN [57.7K]
3 years ago
14

What does it mean to buy on credit

Business
2 answers:
valina [46]3 years ago
7 0

to buy on credit is when you use or barrow money that the bank owns

Diano4ka-milaya [45]3 years ago
3 0

When you use credit, it usually means using a credit card. Using credit means you borrow money to buy something. You borrow money (with your credit card or loan). You buy the thing you want. You pay back that loan later with interest.

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The accounts receivable credit column of the cash receipts journal is
Ne4ueva [31]

The accounts receivable credit column of the cash receipts journal is "posted in summary at the end of the month and by individual amounts on a daily basis".

<u>Option: D</u>

<u>Explanation:</u>

In general ledger the sums in the debit and credit column are reported personally. The calendar of receivable accounts is lists of all clients 'accounts, account balances, and total amount due. Here the accounts receivable credit column are those in which the cash receipts journal column is the sums that are added separately to the receivable ledger accounts. Although debit column accounts payable are those in which cash payments journal column is the sums that are added separately to the accounts payable ledger.

5 0
3 years ago
Which of the following statements about Generally Accepted Audit Standards are true?
lidiya [134]

Answer:

B) I and III

Explanation:

Generally Accepted Audit Standards are used for auditing private companies. They provide systematic guidelines to auditors when conducting audits on companies' financial statements. They check for the auditor's verifiability of the company's compliance  to the Generally Accepted Accounting Principles (GAAP) as well as  their accuracy and consistency of their records. Therefore, choices I and III are correct.

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Which phrases offer the MOST vivid descriptions in this student's narrative about some children's experiences at an attraction a
leonid [27]

Answer:

I have forgotten later I tell you

Explanation:

6 0
3 years ago
Grasping, strategies for problem solving, driving a car, and balancing a budget are all examples of ______, according to piaget.
solmaris [256]

Grasping, strategies for problem-solving, driving a car, and balancing a budget are all examples of Schemas.

<h3>What is Schemas?</h3>

A schema is defined as a pattern of contented or behavior that handles informational categories and the relations between them, according to psychology and cognitive science.

Schemas can be seen in the act of grasping, problem-solving techniques, operating a vehicle, and budgeting.

Therefore, the given events are the examples of Schemas.

To learn more about the Schemas, refer to;

brainly.com/question/18959128

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2 years ago
What is a legal document that outline all the conditions of the bond?
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A bond indenture......
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