3 years ago

The accounts payable account is decreased by a debit entry? true or false

Business

1 answer:

wolverine [178]3 years ago

5 0

False

Please mark my answer as brainliest

You might be interested in

X-Mart purchased $300 of merchandise on account. Demonstrate the journal entry to record this transaction, assuming the perpetua

pav-90 [236]

Answer:

See explanation

Explanation:

Since X-Mart company uses perpetual inventory system, the inventory system shows the real-time selling of inventories. Purchasing merchandise on account means no cash has been paid and a liability is existed. To record the transaction, the following journal entry will require in the book of X-Mart-

Debit Merchandise Inventory $300

Credit Accounts payable $300

3 0

3 years ago

Read 2 more answers

What Supreme Court decision overturned Plessy v. Ferguson? A. Brown v. Board of Education B. Engel v. Vitale C. Marbury v. Madis

alina1380 [7]

<span>What Supreme Court decision overturned Plessy v. Ferguson?

</span><span>A. Brown v. Board of Education</span>

5 0

3 years ago

Investing $2,000,000 in TQM's Channel Support Systems initiative will at a minimum increase demand for your products 1.7% in thi

Greeley [361]

Which of the following statements is generally true about change in the workplace ? a ) Most people accept change easily . b) Smart companies can avoid change altogether. c) Change in the workplace fairly infrequently d) Individuals can learn to manage the change in their lives.

3 0

3 years ago

Longordia Foods is expecting to generate after-tax income of $1,558,888, $2,933,312, and $3,261,712 for each of the next three y

Digiron [165]

Answer:

30.86%

Explanation:

It is a financial ratio used for the capital budgeting. It is the ratio of the average return generated by the capital asset and the its average book value in the given period.

Formula for ARR is as follow

ARR = Average Net Income / Average Investment

Average Net Income = ( $1,558,888 + $2,933,312 + $3,261,712 ) / 3

Average Net Income = $2,584,637

Average Investment = $8,375,000

Placing values in the formula

ARR = $2,584,637 / $8,375,000

ARR = 0.3086 = 30.86%

6 0

3 years ago

Lakesha does not have enough in her bank account to use a debit card for the purchase of a bike she needs to get to work. She ha

Bezzdna [24]

Answer:

]-0]-]'-0]

Explanation:

7 0

3 years ago