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damaskus [11]
3 years ago
15

On which accounting principle is the first step of the accounting cycle based

Business
1 answer:
AfilCa [17]3 years ago
8 0

There are 9 teps in the account cycle:

1. Record journal entries

2. Post entries to ledger

3. Prepare unadjusted trial balance

4. Adjust journal entries

5. Prepare adjusted trial balance

6. Record reversing entries

7. Prepare post-closing trial balance

8. Record closing entries

9. Prepare financial statements

The accounting cycle that allows a business to record all business transactions that eventually lead to preparation of their financial statements. This information is used for record keeping purposes of expenses and revenues.

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Have you ever witnessed fan misbehavior? describe the experience and how it impacted the value you received from the experience.
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What is Misbehavior?
One of the serious issues, especially in secondary school, is when students misbehave or engage in negative class participation, which can include disruptive talking, chronic work avoidance, clowning, interfering with teaching activities, harassing classmates, verbal insults, rudeness to teachers, defiance, and hostility.

Main Content

from students will differ. The consuming situation and environment will typically have the greatest impact on value for other consumers. especially how bad fan behavior makes it difficult for them to see, hear, or otherwise enjoy the event. Typically, fans' inappropriate behavior, such as chanting obscenities at officials, makes customers feel uneasy or terrified. These incidents also interfere with the quality of the shopping experience. Numerous victims of inappropriate fan conduct claim they were unable to concentrate on the event or were unable to fully engage out of concern for retaliation.

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6 0
2 years ago
When you begin working, you will most likely be both a _____ and a _____ in a market economy.
laila [671]
Producer & Consumer should be the correct answer
6 0
3 years ago
Read 2 more answers
Maria Alverez has received a paycheck for $250, which she wishes to cash at her bank. She will need to use a blank endorsement o
nlexa [21]

She would need an Address an   Social Security number (or ITIN)  with a

Valid ID

8 0
3 years ago
If the price elasticity of demand coefficient is 4, then:a. a price increase of 1% will reduce quantity demanded by 1/4%b. A pri
andrew11 [14]

Answer:

A price increase of 1% will reduce quantity demanded by 4%

Explanation:

If the price elasticity is 4 then, this demand is highly responsive to changes in price.

So it will decrease by more than the price increase.

we must remember that the price-elasticity is determinate  like:

↓QD / ΔP   = price-elasticity

if the cofficient is 4 then a 1% increase in price:

↓QD / 0.01 = 4

↓QD = 0.04

Quantity demanded will decrease by 4%

5 0
3 years ago
Tonelli Trucking buys a $65,000 truck on credit. Which financial statement will be affected by this transaction?
Arlecino [84]

Answer:

A : balance sheet only

Explanation:

In the given question, the truck was purchased on credit and the truck is a fixed asset that comes under the balance sheet only because in the income statement, the expenses and revenues are recorded whereas retained earnings records profit which is left to the company.  

So, it affects the balance sheet only. As balance sheet records all types of assets and all types of liabilities plus shareholder equity.

6 0
3 years ago
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