Answer:
d.added to liabilities and the two are equal to assets
Explanation:
Owner's equity + Liabilities = Assets
This is known as the balance sheet equation and it forms the basis for the double entry system of accounting.
Assets are what the firm owns , liabilities are what the firm owes and owners equity is what the owners invest in the business.
I hope my answer helps you
Answer:
No Net Impact on Pumpkin's Accounting Equation from collection of cash.
Explanation:
Sales transaction has already been recorded and there is a Account receivable with $500 balance which is an asset account. On January 11 Cash has been received and the transaction was as follows:
Dr. Cash $500
Cr. Account receivable $500
Cash and Account receivable are both assets account therefore there will be no net impact on pumpkin's accounting equation one type of asset account balance is increasing the other type of asset account balance is decreasing when we post transaction.
Accounting Equation
Asset = Equity + Liability
Dr. Cash +500 0 0
Cr. Account Receivable <u>-500 0 0</u>
Total Impact <u> 0 0 0</u>
Answer:
a. True
Explanation:
A Journal Voucher is a Upload Program is mainly used to upload a lot of Journal Vouchers with the multiple line items.
The GFEBS is a ERP system or a enterprise resource planning system which is web based. The actual payrolls posts simultaneously as the commitment, obligation, expense and disbursement code by means of the transaction code FB50.
Answer:False
Explanation:because they use long paragraphs or it could be in paragraph form and the sentences will have more information.
Answer:
Option B
Explanation:
Open innovation framework includes strategic, controlled transfers of knowledge with actors beyond an organization's borders, seeking to incorporate their expertise and experience into the creative cycle of the organisation itself.
Whereas, A closed development is focused on the assumption that the businesses itself produce developments. The innovation cycle usually occurs exclusively inside the business, from the production of concepts to the creation and advertising.
Thus, from the above we can conclude that the correct option is B.
