Credit card bill from ABC credit have listed a number of expenses made, these needs to be posted according to the relevant accounting heads.
<h3 /><h3>What is Accounting?</h3>
Accounting is the calculation of cash, in other terms it is the study of debit and credit. The accounting teaches the treatment of different transactions, the transactions are divided in different heads, asset, expense, income, liability and capital.
T Accounts should be made as follows.
Assets
DR $1500 Computers
DR $650 Furniture
DR $334 Van Payment
Expenses
DR $420 Office Supplies
DR $250 Electric Company
DR $100 Water
DR $250 Office Supplies
Petty Expenses
DR $150 Steak House
DR $100 Fuel Stop
The expenses are distributed among the heads that they are relevant to, petty expenses only contains the payment for expenses that are immaterial in nature and amount, Asset account have the payments made for assets.
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Answer:
The statement is true.
Explanation:
In order to compute the interest rate, the formula which is used is:
F = P × (1 + i) ^ t
Where
F is future value
P is Principal
i is interest rate
t is number of years
So, Future value is directly related to the interest rate, which means that increase in interest rate means more future value and decrease in interest rate means less future value.
Therefore, statement is true as it is directly related.
Answer: the difference between the exchange rate on the date of repatriation and the exchange rate used to translate the branch's pretax income.
Explanation:
Repatriation simply means converting of foreign currencies into local ones. Earning of income in foreign currencies, by a comoany are typically subject to risk regarding foreign exchange which could bring about a loss.
It should be noted that the exchange gain or loss on repatriated funds from a foreign branch is calculated when the nominal amount of the funds is multiplied by the difference between the exchange rate on the date of repatriation and the exchange rate used to translate the branch's pretax income.
I believe it must be by the hands of a weapon such as a gun.
Answer:
It is the sum of the inventory held across all of the locations in a company.
Explanation:
Total system inventory is a business term that is used in describing the total sum of the inventory held by a particular company across all of the locations in which that company is situated regardless of whether vacant or rented.
Hence, in this case, the correct answer is option B
