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SIZIF [17.4K]
2 years ago
10

A business should have separate accounts for recording revenue and expenses

Business
1 answer:
Dmitriy789 [7]2 years ago
3 0

Answer:

A business should have separate accounts for recording revenue and expenses. Expenses have the opposite effect from revenue on the capital account. Temporary capital accounts are extensions of the owner's capital account. ... Revenues increase owner's equity, and increases in revenues are recorded as debits.

pls  mark me the brainliest

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In 2003, the fraudulent accounting practices at ____________, a Houston-based energy company, was the largest of several busines
oksano4ka [1.4K]

Answer: Enron

Explanation:

Enron scandal was an accounting scandal that involved Enron Corporation, which was an American energy company that was based in Houston, Texas.

Enron hid huge amount of trading losses, which led to its bankruptcy. The company used fraudulent accounting practices in order to inflate the revenue of the company and.hid the debt that the company incurred.

4 0
2 years ago
Who developed a three-step model for change that included unfreezing, movement, and refreezing?A) John KotterB) David McClelland
ohaa [14]

Answer:

The correct answer is letter "E": Kurt Lewin.

Explanation:

German psychologist and philosopher Kurt Lewin (1890-1947) developed a Change Model involving three steps: <em>Unfreezing, Changing</em>, and <em>Refreezing</em>. It represents a very simple model to understand the change process compared to the psychical matter state of the ice. The model starts by creating the idea in the organization that something must not continue to be the same (<em>unfreezing</em>), then moving towards the new desired behavior (<em>changing</em>) and, finally, solidifying that new behavior as the norm (<em>refreezing</em>).

8 0
3 years ago
Which of the following statements is false?
kirza4 [7]
I believe B a technical degree may be helpful, but not necessary to become a qualified home inspector
5 0
3 years ago
The demand curve facing a perfectly competitive firm is:
marta [7]

Answer:

A horizontal line at the market price

Explanation:

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8 0
2 years ago
Select all that apply When supplies are purchased on credit it means that: (Check all that apply.) Multiple select question. the
kkurt [141]

Answer:

the business will pay for the supplies at a later time

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the Accounts Payable account will be increased.

Explanation:

In the case when the supplies are purchased on credit, the following entry should be passed

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     To Account payable XXXX

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here supplies is debited as it increased the asset and credited the account payable as it also increased the liabilities

So the following options should be chosen

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2. Liability is incurred

2. The account payable is increased

8 0
3 years ago
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