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Kobotan [32]
3 years ago
15

A company pays down the account's payable account with $2000 cash. What effect does this transaction have on the asset account?

Business
1 answer:
N76 [4]3 years ago
3 0

Answer:

the right is answer is B.

Explanation:

The account decreases because when you take money you are making a debit action which produces this effect of decrease in the asset.

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Apply for a credit-<span>builder loan \</span><span>Eliminate credit card balances.

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3 years ago
Accounts ___.a.are not used by entities that manufacture products b.do not reflect money amounts c.are only used by large entiti
Verdich [7]

Answer:

are records of increases and decreases in individual financial statement items

Explanation:

The accounts are the day to day records that the individual, company and the business organization handles. It can be classified into various accounts like - cash accounts, purchase accounts, sales accounts, etc

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And, the purchase and sales accounts tracks the purchase of the fixed asset, inventory, and sales of the fixed asset, inventory, etc

There is an end number of transactions that can be either increase or decrease

8 0
3 years ago
What does mean about "what technical skills and knowledge areas are your strongest?
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7 0
3 years ago
Mentally estimate the total cost of items that have the following prices: $1.85, $.98, $3.49, $9.78, and $6.18. Round off your a
Nonamiya [84]

Answer: Option (c) is correct.

Explanation:

Given that,

Round off the values of items to the nearest half dollar are as follows:

Item 1 = $2.00

Item 2 = $1.00

Item 3 = $3.50

Item 4 = $10.00

Item 5 = $6.00

Estimated total cost of items = Item 1 + Item 2 + Item 3 + Item 4 + Item 5

= $2.00 + $1.00 + $3.50 + $10.00 + $6.00

= $22.50

Hence, nearest value is $22.50.

Therefore, option (c) is correct.

8 0
3 years ago
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In the case <em>Lucy v. Zehmer (1954)</em>, we learn that the mental assent of the parties is not requisite for the formation of a contract. In this case, Zehmer signed a note promising to sell his farm to Lucy while he was drunk. Afterwards, he refused to proceed.

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I believe that the facts of this case do not need to be changed. It is important that undisclosed intention remains immaterial except when an unreasonable meaning is known to the other party. This is because people need to be able to trust a person's word and intention when a contract is created. Under the objective theory of contracts, this sale contract should be considered a serious business transaction.

5 0
3 years ago
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