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Alla [95]
2 years ago
14

Liabilities of the commercial banking system include rev: 06_06_2018 Multiple Choice loans and deposits. reserves and loans. res

erves and deposits. deposits.
Business
1 answer:
Zolol [24]2 years ago
7 0

Answer:

deposits.

Explanation:

The liabilities of the commercial banking system involves capital that includes cash reserves, deposited, debts, checking, saving amount,

The deposits could be in terms of saving deposit, fixed deposits, etc

Therefore in the given case,  the deposits are the commercial banking liabilities and the rest options like loan & deposits, reserve and loans, etc are not the liabilities so these are wrong options.

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The company's adjusted trial balance as follows includes the following accounts balances:
Zina [86]

Answer:

Expense & revenue summary a/c (credit balance) = $3500

Explanation:

  1. Dr  Expense & revenue summary 52500

                          Cr Sales discount                     1500

                          Cr Sales return & allowance   3000

                          Cr   Depreciation expense      25000

                          Cr   Salaries expense               23000

         (Close expenses to expense & revenue summary a/c)

2. Dr Sales    56000

                           Cr  Expense & revenue summary  56000

       (Close sales to expense & revenue summary a/c)

3.  Dr Expense & revenue summary a/c 3500

                         Cr  Retained earning a/c           3500

      (To close expense & revenue summary a/c)

4. Dr Retained earning  2000

                          Cr Expense & revenue summary  2000

       (Close dividend to expense & revenue summary a/c)d

7 0
3 years ago
Describe how the biodiversity crisis extends throughout the hierarchy of biological organization.
daser333 [38]

Answer:

Explained below:

Explanation:

It is really true that biodiversity crisis is continuously increasing as many biological groups reported that some varieties of species started to speedily die and specimen report shows that there have been five periods of mass abolition in history with much large scales of species destruction, and the rate of species extinction now is comparable to those times of mass destruction. Definitely, three human actions have a notable impact; the decline of habitat, the entrance of exotic species and advance accumulation.

4 0
3 years ago
A. the repairs do not extend beyond the damage suffered.
TEA [102]
It would be c. hope that helps
5 0
2 years ago
At the end of the fiscal year, the usual adjusting entry for depreciation on equipment was omitted. Which of the following state
Anton [14]

Answer:

c. Net income will be overstated for the current year.

Explanation:

Depreciation is defined as the reduction in the value of an asset over the period of it's useful life.

The deductions are calculated and taken out of the asset value on the balance sheet.

The adjusting entry for depreciation at the end of year is a debit to Depreciation Expense and a credit to Accumulated depreciation.

If this entry is no passed it means that Depreciation Expense is not recognised for that year.

Net income will be overstated because generally expenses will be understated.

5 0
2 years ago
George, the CEO of an electronics company, wants to invest in an experimental technology that could provide the company with a h
Reil [10]

Option B

George face in the given scenario is a  perceptual barrier

<h3><u>Explanation:</u></h3>

Perceptual barriers are the subconscious barriers that we build because of the thoughts that we hold of specific people, circumstances or situations throughout us.  Perceptual barriers to communication are likewise challenging to understand and decode correctly because they take spot mentally.

The difficulty in communicating with others transpires because we all notice things uniquely based on each individual’s unparalleled expertise. By cracking down and examining our opinions about others, we can connect the communication gaps that occur because of our usual perceptual differences.

8 0
3 years ago
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