1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natalija [7]
3 years ago
12

What is accounting ​

Business
1 answer:
andre [41]3 years ago
4 0

Answer:

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position, and cash flows. Accounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks.

Explanation:

You might be interested in
2. Should the U.S. government support U.S. tobacco company interest abroad if they are using harmful tactics
Serggg [28]

When a tactics is harmful causing various harms to human health or posing threat it should not be supported.

<h3>What are Harmful tactics?</h3>

They are some actions that are taken a particular time to achieve a particular goal and objective which is short time.

This actions are harmful and the results are usually detrimental.

Therefore, U.S. government should not support U.S. tobacco company interest abroad if they are using harmful tactics.

Learn more on harmful tactics

brainly.com/question/24898245

4 0
3 years ago
Delisa Corporation has two divisions: Division L and Division Q. Data from the most recent month appear below: Total Company Div
amid [387]

Answer:

$202,409

Explanation:

Firstly, we will need to calculate Break even in sales dollar for division Q using the formula;

= Division Q fixed cost / contribution margin ratio

Division Q fixed cost = $89,060

But,

Contribution margin ratio = Contribution margin / Sales

Contribution margin ratio = $161,920 / $368,000

Contribution margin ratio = 44%

Therefore, the Break even in sales dollar for Division Q

= $89,060 / 44%

= $202,409

The Break even in sales dollars for Division Q is closest to $202,409

7 0
3 years ago
Rev. Elvin Snider is the ordained minister at Crossroads United Methodist Church. His salary on his Form W-2 is $20,000. He also
8_murik_8 [283]

Answer: $32000

Explanation:

It should be noted that ministers or clergymen can exclude the home rental value or housing cost from the calculation of the gross income

Rev. Snider's self-employment income

Therefore, in this case, Rev. Snider's self-employment income will be:

Salary = $20,000

Add: Housing allowance = $12000

Total = $32000

6 0
3 years ago
Financial statement account identification mark each of the accounts listed in the following table as follows.
Triss [41]

Answer:

Account name                         statement(1)                     type of account(2)

Accounts payable                      BS                                        CL

Accounts receivable                  BS                                          CA

Accruals                                     IS and BS                             income and SE        

Accumulated amortization        BS                                       FA

administrative expenses            IS                                      E

Buildings                                       BS                                   FA

Cash                                              BS                                  CA

Common shares                           BS                                    SE

Cost of goods sold                     IS                                       E                        

Amortization                                 BS                                     E

Equipment                                       BS                                 F ASSET

General expenses                           IS                                     E

Intrest expenses                                IS                                     E

Account name                        Statement(1)                 type of account(2)

Inventories                                   BS                                   CA

Land                                             BS                                    FA

long term debts                          BS                                    CL

Machinery                                  BS                                       FA

marketable securities               BS                                      CA

Line of credit                              BS                                             LTD

operating expense                    IS                                           E

Preferred shares                     BS                                      SE

preferred share dividends      BS                                     SE

retained earnings                    BS                                      R

Sales revenue                         IS                                            R

Selling expense                    IS                                                E

Taxes                                         IS                                             E

Vehicle                                     BS                                             FA

 

5 0
3 years ago
Which will help you when you file a claim for home insurance?
Anna007 [38]

Answer:

home inventory

Explanation:

8 0
3 years ago
Read 2 more answers
Other questions:
  • Carmen contracted with miles, who agreed to replace the carpets in her house. a clause in the contract provides that the only re
    7·1 answer
  • Performance Auto Company operates a new car division (that sells high-performance sports cars) and a performance parts division
    10·1 answer
  • Heather is seeking to start a business. She is wanting to protect her assets and bring in other people to help her get started a
    14·2 answers
  • The three C's used in the subjective approach to determining a credit score
    15·1 answer
  • of Spartan's fiscal year ends on December 31. On October 1, 2017, the city issued $1,000,000 of 6%, 10-year term bonds with semi
    13·1 answer
  • Supply and demand coordinate to determine princes by working
    8·1 answer
  • Samantha puts an initial $500 into a savings account. The account has a 4% annual compound interest rate. What is the function t
    7·1 answer
  • Juanita makes $30 an hour at work. She has to take time off work to purchase her dress, so each hour away from work costs her $3
    6·1 answer
  • Jocelyn gets a text alert from the bank that her account has dropped below $100 after a series of $20 ATM withdrawals. She has n
    5·1 answer
  • Longitudinal research is complicated by high rates of.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!