Answer: A. Depreciation Expense and credits a contra-asset account.
Explanation:
Depreciation is an expense which means that when it is incurred, it will be debited because expenses are debited to show that they have increased.
Depreciation reduces the value of an asset so the asset needs to be credited which is what is done when an asset reduces. The full entry would therefore involved a debit to the Depreciation account and a credit to the asset account that is being depreciated.
Answer:
True
Explanation:
The IRS has an extensive list of basic quality site requirements that every site must comply with in order to ensure quality service and accurate return preparation. A listing of those 10 basic quality site requirements is:
- Certification
- Intake/Interview & quality review process
- Confirming photo identification and taxpayer identification number (TIN)
- Reference materials
- Volunteer agreement
- Timely filing of tax returns
- Civil rights
- Correct site identification number (SIDN)
- Correct electronic filing identification number (EFIN)
- Security
Answer: Option (b) is correct.
Explanation:
Correct option: Less money, so they lend more, and the interest rate falls.
When there is a decrease in the price level and other things remains constant, then as a result people are holding less money. This will increase the willingness of people to lend more, as a result there is a reduction in the interest rate. This fall in the interest rate will increase the money supply in the economy.
The quick books online eco system is a platform that you and your clients can use to build the perfect solution, by adding apps that bring additional functionality
What is Quick Books online ecosystem?
The Quick Books Eco System refers to your Quick Books software and all the apps connected with it. This ecosystem provides better functionality for your business. It exists to make your life easier
What are 3 benefits of using apps with QBO?
Automated time tracking to help your firm and clients simplify payroll. Get clients paid faster and easier. Flexible business funding for your clients, right through Quick Books. Help clients secure workers' comp through Quick Books.
Learn more about quick book online ecosystem:
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