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sweet-ann [11.9K]
4 years ago
7

When posting in accounting does your expense accounts go in the debit or credit balance ?

Business
1 answer:
galben [10]4 years ago
7 0
When posting they go into debt.
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An accountant has debited an asset account for $1,300 and credited a liability account for $500. Which of the following would be
Genrish500 [490]

Answer:

D. Debit a Stockholders' account for $800

Explanation:

In this question we use the accounting equation i.e shown below:

Total assets = Total liabilities + Total stockholder equity

where,

Debited Total assets = $1,300

Credited Total liabilities = $500

So, the total stockholder equity is

= $1,300 - $500

= $800

So, the incorrect way is to debit a stockholder equity for $800

6 0
4 years ago
In this example of an "inflation cooling" tax increase, the economy was initially struggling with a ________ annual rate of incr
tia_tia [17]

Answer:

2.34

Explanation:

the economy was initially struggling with a 2.34 annual rate of increase in the price level.

4 0
3 years ago
Your grandmother is gifting you $125 a month for four years while you attend college to earn your bachelor's degree. At a 6.5 pe
Darina [25.2K]

Answer:

The answer is B. $5,270.94

Explanation:

C is the cash flow per period

i is the rate of interest

n is the frequency of payment

PV of an Annuity = C x [ (1 – (1+i)^-n) / i ]

PV of an Annuity =125  x [ (1 – (1+0.065/12)^-12*4) / 0.065/12] = $5,270.94

8 0
3 years ago
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Murljashka [212]

Answer:

d. managerial accounting.

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Managerial accounting -

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It is different from the financial accounting .

Hence , from the given information of the question,

The correct term is d. managerial accounting .

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Which of the following typically have the highest auto insurance premiums?
Alenkasestr [34]
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3 years ago
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