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marysya [2.9K]
3 years ago
9

Assume that cash is paid for rent to cover the next year. The appropriate debit and credit are:

Business
1 answer:
vitfil [10]3 years ago
4 0

Answer:

The correct answer is letter "B": Debit Prepaid Rent, credit Cash.

Explanation:

Prepaid rent is the rent paid in advance. Usually, rent payments are made every month by the beginning of the month but other timeframes can also be agreed upon the lease. <em>Prepaid rent is debited to prepaid assets and credited to accounts payable. When the check for the payment is cut, accounts payable is debited and a cash account is credited.</em>

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That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified
daser333 [38]

The answer is:<span>
"Trial Balance"

The full sentence will be as follow:
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a trial balance.
Trial Balance means a statement with all the debits and credits in an account book along with the mention of any difference showing a mistake.</span>

7 0
3 years ago
Why​ wouldn't investors invest all of their money in software companies instead of in less profitable​ companies? (Focus on risk
Tamiku [17]

Answer and Explanation:

Risk and return are equal companions if we invest in a market with a higher risk that's mean this type of market provides a higher return.

If Investors invest their whole money in the high-risk market for there high return, may they get a huge loss.

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7 0
3 years ago
Business management​
leva [86]

<u>Answer:</u>

Business management is dealing with the coordination and association of business exercises. This usually incorporates the generation of materials, cash, and machines, and includes both advancement and promoting. The management is responsible for sorting out for arranging, controlling, and coordinating the business' assets so they can meet the targets of the approach.

Business Management Tactics are characterized as exercises that observe the business models that were distinguished in the organization's approaches. They put into impact business assignments and plans so they can meet the objectives that have been organized.

7 0
2 years ago
Sienna has a car loan with an annual interest rate of 4.8%. She will make the same monthly payment for 48 months, after which th
butalik [34]

Diego is correct because the loan has to be paid in full by a specific date.

9 0
3 years ago
Read 2 more answers
A worker would be hurt least by inflation when the rev: 05_02_2017_QC_CS-84894 Multiple Choice worker anticipates inflation and
Hatshy [7]

Answer:

worker is protected by a cost-of-living adjustment clause in an employment contract

Explanation:

Cost of Living Adjustment(COLA) is an increase made to income from social security to counter the inflationary effects. The COLA change is essentially equivalent to the Consumer Price Index ( CPI) percentage increase over a given period.

All other options are wrong as it is not fit to the current situation

hence, the correct option is B.

3 0
3 years ago
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