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
Diano4ka-milaya [45]
3 years ago
10

Since each transaction has a dual effect on the accounting equation, how must each transaction be recorded? A : at the beginning

and end of the month B : as a revenue first and then as an expense C : in at least two different accounts D : as an asset first and then as a liability
Business
1 answer:
klemol [59]3 years ago
4 0

Answer:

C : in at least two different accounts

Explanation:

As there is an effect of any transaction on at-least 2 accounts that is each general transaction has an entry with two accounts involved.

Thus, whenever an accounting entry is to be done, it will involve 2 accounts, though both the accounts might be of asset, or one of asset and one of liability.

In each case, the entry will keep the accounting equation balanced.

Therefore, correct option is

Statement C

You might be interested in
After using market research to identify the target audience for his advertising campaign, jorge will next use this information t
beks73 [17]

Answer:

D. Set explicit and measurable objectives for the campaign.

5 0
3 years ago
What is the best Honda dirt bike?
Illusion [34]

Answer:

KTM 350 full-size 450s, the 350 remains the bike for the common man. The KTM 350, along with its blood brother the Husqvarna FC350, appeals to the rank-and-file rider who doesn’t want to deal with 60 horsepower. The 350s have steadily improved over their lifespan and are currently better than ever.

Explanation:

7 0
3 years ago
While placing his order, a customer tells the waiter to avoid bell peppers of any kind or color in the food since he is allergic
boyakko [2]

<span>An allergic reaction should not be treated lightly because this can actually result in death of the victim. So in this casem this could actually lead to serious illness or death of the customer. Which adds a very huge liability for the restaurant or organization.</span>

4 0
3 years ago
Sally is planning to sell her company and she prefers to obtain immediate liquidity, and the value of consideration to be fixed.
ella [17]

Answer: A cash sale

                                           

Explanation: In simple words, liquidity refers to the ability of an organisation to bear its short term expenses. For that a company must have cash or some assets that can be readily converted into cash in case of need.

Hence Sally should sell her company in cash sale as it will result in inflow of cash which will create liquidity and also the consideration will be certain with short timely payments.

Other option such as IPO or  stock for stock might result in increase in value but certainly won't give her liquidity.  

6 0
3 years ago
Carly has two children under 13 and worked full time while her spouse, Michael, was attending college for 9 months during the ye
Savatey [412]

$3000 because you are a madarchod okay

6 0
3 years ago
Other questions:
  • Coca Cola embarked on a program to replenish all of the water it uses in drinks and made good on its promise five years early th
    9·1 answer
  • Jeff is a manager at a paper mill. he has received a grievance from a group of employees who are union members. the grievance cl
    13·1 answer
  • When switching from a traditional costing system to an activity-based costing system that contains some batch-level costs: Multi
    5·1 answer
  • Which of the following variances are most similar with respect to the manner in which they are calculated? Multiple Choice Labor
    13·1 answer
  • A bank has the following balance sheet: SETS RETURN % MILLION $ LIABILITIES COST % MILLION $ Cash 0.00 35 Fixed-rate Deposits 3.
    8·1 answer
  • The recording, summarizing, and reporting of the economic activities and events of an organization is known as _____.
    6·1 answer
  • For months, Phirum has been designing and redesigning the lobby, restaurants, and other interior spaces that his company is reno
    9·1 answer
  • Margot and Steve owned several rental properties at the time of their divorce. The divorce decree gave ownership to Margot in re
    14·1 answer
  • The company's wacc is 10.5%. what is the irr of the better project? (hint: the better project may or may not be the one with the
    12·1 answer
  • What is most likely the low-earnings period for which the sale of financial assets be most useful?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!