1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lana66690 [7]
3 years ago
9

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."

You might be interested in
If the interest rates on all bonds rise from 5 to 6 percent over the course of the year, which bond would you prefer to have bee
kirza4 [7]

If the interest rates on all bonds rise from 5 to 6 percent over the course of the year, a bond with one year to maturity would be preferred to have been holding.

A bond is a debt instrument similar to a promissory note. Borrowers issue bonds to raise money from investors who lend them money for a period of time. When you buy a bond, you are lending it to the issuer, which can be a government, community, or corporation.

Simply put, a bond is a loan from an investor to a borrower, such as a corporation or government. Borrowers use the money to fund their businesses, and investors earn interest on their investments. The market value of bonds can change over time.

Bonds are issued when governments and companies want to raise money. By purchasing a bond, you are providing a loan to the issuer, who agrees to repay the face value of the loan by a specified date and pay periodic interest, usually twice a year pay.

Learn more about Bonds here: brainly.com/question/25596583

#SPJ4

4 0
2 years ago
What are the concerns in cash management, and how does cash management iss help financial managers?
PtichkaEL [24]

The cash management can help financial managers in the  collecting and managing cash flows from the activities of the firm.

<h3>How can cash management can help financial managers ?</h3>

Cash management, which is a treasury management,  can be of help to the financial managers by helping them to be able to manage cash flows from the operating activities of the firm.

This could range from the  investing, and financing activities of the firm and it help in achieving the financial goal of of the organization.

Learn more about  cash management at:brainly.com/question/735261

#SPJ12

4 0
1 year ago
Predetermined overhead rates in traditional costing are often based on
sp2606 [1]

Answer:

a) direct labor cost for job order costing and machine hours for process costing.

Explanation:

As we know that the predetermined overhead rate is the rate which is to be computed by considering the total estimated manufacturing overhead cost and the estimated activity level i.e machine hours, etc

Under the traditional costing, in case of job order costing it ts based on direct labor cost while in the process costing it is based on machine hours

Hence, first option is correct

3 0
3 years ago
The following are the transactions for the month of July.
Gre4nikov [31]

Answer:

wait I am going to tell u the answer

Explanation:

Mmmmm

7 0
2 years ago
(Look at picture above) Please help!!!!
fgiga [73]

Answer:

I think ot is fruit punch

4 0
3 years ago
Other questions:
  • A chemical company that produces fertilizer for farms is partnering with an eco-friendly products group to brand an animal-frien
    14·1 answer
  • An economic theory holding that the constant gradual expansion of the money supply is the key to a nation's economic health is
    14·1 answer
  • Rob only has 30 minutes off for lunch, so he typically goes somewhere within a block or two of his building, and is careful abou
    13·1 answer
  • During a team meeting, the team manager expresses disappointment in his team's productivity rate. Svetalana, a team member, spea
    14·1 answer
  • Guatemala is open to international trade in maize without any restrictions, it will import tons of maize. Suppose the Guatemalan
    7·1 answer
  • Outline two ways in which Britax reduced resistance to change.
    13·1 answer
  • The economy is in long-run equilibrium: Select one:
    5·1 answer
  • To avoid overburdening the incident command, resources should not self-dispatch (spontaneously deploy). True or false?
    6·2 answers
  • Suppose there are two economies, Alpha and Beta, which have the same production possibilities curves and are on the same point o
    5·1 answer
  • __________ is a view of the self as able to master skills and complete tasks.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!