- To automatically split a transaction
- To automatically categorize a transaction by its type
- To automatically categorize a transaction by its payee
<u>Explanation:
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The new service called Rules has been added by QuickBooks Online, something that allows you to lay your own requirements to categorize bank and credit card trading.
The last reported fee for a client was formerly the best QuickBooks Online. In some cases this can work fine, but there's far too much transaction variation to operate on all times. This is why it can save money for businesses with routine sales to set rules.
When you press the Split button, the options are shown in the divide of your account, depending on the allotment of percentages for different categories.
Select Explanation or Bank Text carefully. Bank Text scans the whole text in the explanation, while the description checks only the name of the payee "fixed up"
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Answer:
The Journal entries are as follows:
(i) Sale of Equipment
Cash A/c Dr. $20,300
Accumulated Depreciation A/c Dr. $22,500
To Equipment $40,000
To Gain $2,800
(To record the sale of equipment)
(ii) Sale of Equipment
Cash A/c Dr. $12,700
Accumulated Depreciation A/c Dr. $22,500
Loss A/c Dr. $4,800
To Equipment $40,000
(To record the sale of equipment)
Workings:
Accumulated Depreciation = [(40,000 - 2,500) ÷ 5] × 3 years
= 7,500 × 3 years
= $22,500
Answer: b. P2
Explanation:
Average Cost Pricing regulations being imposed on natural monopolies means that the regulators want them to charge customers a price that is close to or is the same as the Average cost it costs to produce goods and services.
The price that the Monopoly will charge is therefore the intersection between the Average Total Cost Curve and the Demand curve.
From the graph that price is P2 so that is the price that will be charged.
The answer is when global demand for exclusive and private-label footwear is so far under global plant volume that it will be intolerable for most all companies to cost-effectively operate their plants at full volume for many years to come. If the prediction shows that global demand is far under global volume, then it isn't conceivable for everyone to sell everything. In this circumstance the most liquid and solvent company will appear ahead, maybe a company could hold onto volume and ferociously hold onto market share.