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3 years ago

Which idea forms the basis of double-entry accounting?

Business

1 answer:

valina [46]3 years ago

5 0

Answer:

A. For every single transaction, at least two accounts will be

affected.

Explanation:

Double-entry accounting is a record-keeping method where a transaction is recorded in a minimum of two accounts. There is no upper ceiling on the actual number of accounts that may be used in a transaction.

Every account has two columns, with debits on the left and credit entries on the right. The aggregate of the debit entries must equal the result of all credit entries. If this happens, the transaction has balanced. If not, the transaction is "out of balance."

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The technical help desk completes requests in the order in which they are received. On Monday requests were made by seven employ

Valentin [98]

Answer:

A. Heidi submitted her request after Fay

Explanation:

Bonnie before Chac

Doug after Chad and Bonnie

Eileen before Chad and Doug

Fay before Eileen

Greg after Bonnie

Heidi after Greg

if Eileen's request was completed before Greg's:

lets call Fay's request A, Heidi's request B, Eileen's request C and Doug's request D

A before C

C before D

B after D

therefore, B after A and C

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2 years ago

Choose all that apply.

denpristay [2]

reasons:

safe

high interest rates

no fees

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3 years ago

In a case where two projects are not mutually exclusive and have returns exceeding the cost of capital, the firm should

tangare [24]

Answer:

That two projects are not mutually exclusive means the firm can implement both projects. They should run both because they both have returns exceeding the cost of capital.

Explanation:

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3 years ago

You are a valuable member of the student store staff. You handle many of the cash box transactions, moving the daily cash betwee

jasenka [17]

Answer:

I can put a call through to the organisers of the trip explaining that I have cash but it's not within reach and that if they reserved the spot for me, they'd get the money as soon as I can access it. Given that I am a valuable member of the student store staff, that reputation should count in times like this.

To borrow money from the cashbox would be a huge ethical risk and can easily be termed mismanagement of funds especially where the store policy does not allow such.

My value in the store lies largely on my integrity and the trust they students have invested in my person.

I'd rather miss the road trip than make a regrettable unethical decision.

Cheers!

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3 years ago

If current rates of use and extraction do not change, known natural gas reserves are expected to last ____________ years.

Otrada [13]

40-55 years is the expected number of years that known natural gas reserves are expected to last given that the current rates of use and extraction<span> do not change. The world has 40-55 years left to find an alternative to oil before it runs out.</span>

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3 years ago