All categories

2 years ago

The accounts receivable credit column of the cash receipts journal is

1 answer:

5 0

The accounts receivable credit column of the cash receipts journal is "posted in summary at the end of the month and by individual amounts on a daily basis".

Option: D

Explanation:

In general ledger the sums in the debit and credit column are reported personally. The calendar of receivable accounts is lists of all clients 'accounts, account balances, and total amount due. Here the accounts receivable credit column are those in which the cash receipts journal column is the sums that are added separately to the receivable ledger accounts. Although debit column accounts payable are those in which cash payments journal column is the sums that are added separately to the accounts payable ledger.

You might be interested in

Which model of abnormality focuses on learning and the thinking that underlies behavior?

Sonbull [250]

Answer:

The correct answer is: cognitive model.

Explanation:

The cognitive model of abnormality in psychology refers to the study of how people think and what their perceptions are and how they affect their behavior, emotions, and reactions. Because of internal and/or external factors, individuals' thoughts could be distorted. However, they can learn to discriminate between one and another so their perceptions adjust more to reality.

4 0

2 years ago

As an eighth grader, Marliss wins an art competition, and her prize is one thousand dollars. She wants to invest the money for h

diamong [38]

Marliss will want to invest her money in a savings bond to help her save money for college. The correct answer is A.

8 0

2 years ago

Sally Smith, a supervisor at Kroger's, was recently evaluated by her subordinates. Their responses indicated that Sally uses The

Temka [501]

OPTIONS:

A) naturally like work.

B) will work toward goals they are committed to.

C) have little ambition.

D) have the potential to accomplish the organization's goals.

E) seek out and accept responsibility

Answer:

C) have little ambition.

Explanation:

The theory X consists of a set of assumptions that that a manager or leader has regarding their subordinates. This theory is one of the theories of management that was developed by a social Psychologist known as Douglas McGregor.

According to Theory X, as proposed by McGregor, it is assumed that people are naturally lazy, and unwilling to work. It also assumes that they have little ambition, and would try as much as possible to avoid work. This theory assumes also that motivation that is monetary is what majorly drives people to work.

Sally, treating employees as if they have little ambition indicates she uses Theory X assumptions when dealing with employees.

7 0

2 years ago

Item Hare’s Net Book Value on the Date of Sale List Price of Same Item If New Appraiser’s Estimate of Fair Value Punch press $ 1

Zinaida [17]

Answer:

Punch Press - $12,502
Lathe - $3,908.52
Welder - $2,344.36

Explanation:

Cost will be allocated based on proportion of total Appraiser's estimate of fair value.

Total Appraisal Estimate = 16,000 + 5000 + 3,050

= $24,050

Total Purchase Price = Purchase price + Installation cost

=17,000 + 1,800

=$18,800

Punch Press

Punch Press proportion = $\frac{16,000}{24,050} * 100$

= 66.5%

Punch Press Cost = 66.5% * 18,800

= $12,502

Lathe

Lathe proportion = $\frac{5,000}{24,050} * 100$

= 20.79%

Punch Press Cost = 20.79% * 18,800

= $3,908.52

Welder

Welder proportion = $\frac{3,000}{24,050} * 100$

= 12.47%

Punch Press Cost = 12.47% * 18,800

= $2,344.36

Note; There are multiple variants of this question so be sure to check the figures to ensure it is the right one.

7 0

2 years ago

What is the cash flow equation?

aksik [14]

Cash flow=net income+non-cash expenses-increase in working capital.

4 0

2 years ago

Read 2 more answers