Answer:
4. Debit
5.Credit
6.Credit
Explanation:
The rule is simple. If the account is Asset, its normal balance is Debit. If the account is Liability or Owner Equity, their normal balance are Credit.
The things are you have to recognize which of them are Asset, Liability or Owner Equity.
The only way is to practice, to get yourself as much exposure to financial accounting ( e.g: their are plenty of Financial Reports of Big Firms available online for you to read) as possible so you may recognize what side of the Balance Sheet these items would be categorized into as soon as you heard its name.
Answer:
2.1276%
Explanation:

1.056/1.034 -1 = 0,021276595744681 rounding to 4 decimal places:
2.1277%
<u>The reasoning behind this formula is the following:</u>
there is a rate that generate the combine effect of the nominal and the inflation rate
Principal (1+real rate) = Principal x (1+nominal) / (1+ inflation)
removing the principal for clearence:
1+real rate =(1+nominal) x (1+ inflation)
real rate = (1+nominal) x (1+ inflation) - 1
Answer:
Uhhh what type of statement is this, is this a question???????