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3 years ago

What is meant by centralised direction

Business

1 answer:

Alla [95]3 years ago

5 0

Centralized direction explain why we often overestimate how well we can predict future actions of others.

I hope that's help:0

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For each of the following:

Mama L [17]

Answer and Explanation:

As we know that

The assets, expenses contains debit balance while the liabilities, revenues and stockholder equity contains credit balance

So based on this, the classifications are as follows

Particulars Type of account Normal balance Debit or credit Reason

a. Land Asset debit debit resources on the owners hand

b. Cash Asset debit debit resources on the owners hand

c. Legal Expense = expense debit debit consumption of cost

d. Accounts Receivable Asset debit debit resources on the owners hand

e. Dividends = Equity debit debit distribution made to owners

g. Notes Payable = Liability credit credit obligation made to creditors

h. Common Stock = Equity credit credit investment done by the owners

8 0

3 years ago

Inflation is best described as _____.(1 point)

Kryger [21]

Inflation is the situation money is losses some of its value due to general process levels rises in the economy.

Hence it can be best be defined as the increase in the amount of money and credit in the economy related to the supply of services and goods.

Thus its an upward, general trend of prices in the economy. Hence the option D is correct.

Learn more about the best described as.

brainly.com/question/15588968.

5 0

3 years ago

Read 2 more answers

Interest begins accruing on a _____ the day of the transaction.

xenn [34]

Interest begins accruing on a __ cash advance ___ the day of the transaction
.As interest is the
money that is paid regularly at a particular rate for the use of money lent
A __posting date___ is when a payment is credited to an account.
its the date at which money is being transected from bank
so correct option is B
hope it helps

6 0

4 years ago

Read 2 more answers

Use the following items to determine the toata assets ,total liabilities , net worth , total cash inflows and total cash outflow

kicyunya [14]

Answer:

Determining the total assets, total liabilities, net worth, total cash inflows, and total cash outflows:

1. Total assets

Cash in checking account $ 450

Savings account balance $ 1,890

Current value of automobile $8,800

Household possessions 3,400

Video equipment $ 2,350

Personal computer $ 1,200

Value of stock investment 860

Total assets $18,950

2. Total liabilities

Rent for the month $ 650

Balance of educational loan 2,160

Credit card balance $ 235

Total liabilities $3,045

3. Net worth

Total assets $18,950

Total liabilities ($3,045)

Net worth $15,905

4. Total cash inflows

Monthly take-home salary $ 2,185

5. Total cash outflows

Spending for food $ 345

Telephone bill paid for month 65

Loan payment 80

Auto insurance $ 230

Payment for electricity 90

Lunches/parking at work $ 180

Donations 160

Clothing purchase $ 110

Restaurant spending 130

Total cash outflows $1,390

Explanation:

a) Data and Calculations:

Rent for the month $ 650

Monthly take-home salary$ 2,185

Spending for food $ 345

Cash in checking account$ 450

Savings account balance $ 1,890

Balance of educational loan 2,160

Current value of automobile $8,800

Telephone bill paid for month 65

Credit card balance $ 235

Loan payment 80

Auto insurance $ 230

Household possessions 3,400

Video equipment $ 2,350

Payment for electricity 90

Lunches/parking at work $ 180

Donations 160

Personal computer $ 1,200

Value of stock investment 860

Clothing purchase $ 110

Restaurant spending 130

3 0

3 years ago

Accounts on the left side of the accounting equation (assets) are increased with a(n) to the account, whereas accounts on the ri

Nady [450]

Answer:

Debit and credit

Explanation:

While recording the transaction, the accounts are debited or credited based on the nature of the transaction

As we know that

The debit section reports assets and expenses side while the credit section reports sales revenue, stockholder equity, and the liability side.

So if the asset side or expense side is increased than it would be displayed on the left-hand side while the revenue is increased than it would be reflected on the right-hand side.

8 0

3 years ago