Answer:
balance sheet
Explanation:
Balance sheet can be regarded as financial statement which gives reports of the liabilities, equity of shareholders as well as assets of the company at a specific point in time, It provides a basis that can be used in computing rates of return as well as evaluating its capital structure.
It should be noted that balance sheet is
financial statement that provides a snapshot view of the financial condition of a business at a point in time
The reason that the companies are selling their goods on an open account because of the fact that competitive pressure are likely to push firms into engaging and selling into open account basis, that is why major companies are likely to sell goods in an open account.
Pretty sure it’s financial risk !!!!! hope it was right !!!! :)
Answer:
A. Cash Budget
Explanation:
Cash budget is a form of budget showing the estimated cash flow for a business operation over a given period of time. Its important because it shows or rather indicates whether or not a business or an organization has enough cash for it's operations. It shows the inflows and outflows for a specified amount of time for a given business. It helps avoid shortage of cash in periods where company experiences high amount of expenses. Garry would look to develop a cash budget as it would help him in understanding and organizing his finances.
Debits and credits are used in a company’s bookkeeping or or double-entry accounting.
Debits and credits are the bookkeeping entries that balance each other. Debits means all of the money coming into an account, while credits means all of the money going out of an account. When recording a transaction, every debit entry must have a corresponding credit entry of the same amount.
A debit entry is always kept on the left side of an entry. A debit increase asset or expense accounts, and decreases liability, revenue or equity accounts.A credit is always placed on the right side of an entry. It increases liability, revenue or equity accounts and decreases asset or expense accounts.
To learn more about Debits and credits here
brainly.com/question/14747768
#SPJ4