An accountant has debited an asset account for $1,300 and credited a liability account for $500 -The following would be an incorrect way to complete the recording of the transaction (D) Debit a Stockholders' account for $800.
Explanation:
By using the accounting equation
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
<span>the reason why taxes are paid to different levels of government in the united states is because Different levels of government supply different services.
In order for them to do these different services, they need financial backing to pay up their employee, which mostly acquired through our tax payments.</span>
Answer:
they encompass the entire organisation
Answer:
b. First movers have an advantage because their customers avoid switching costs.
Explanation:
First movers have an advantage because their customers avoid switching costs is a FALSE statement among provided statement.
