A checking account is the type of account option that is designed to house money for easy access, either by check or by debit card.
<h3>What is a
checking account?</h3>
It is also called a transaction account. It is a bank account that allows you to easily deposit & withdraw money for daily transactions. A checking account can also include depositing a check you receive, taking out cash with your debit card or setting up direct deposit for your paychecks.
Hence, the checking account is the type of account option that is designed to house money for easy access, either by check or by debit card.
Therefore, the Option B is correct.
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Answer:
D. $42,000 should be debited to Land Improvements
Explanation:
The cost of the land housing the parking is recorded in the land account. Other costs such as paving cost and lights are improvements and as such are added and recorded in the Land Improvements accounts.
Total Land improvements = $30,000 + $12,000
= $42,000
The right answer is D. $42,000 should be debited to Land Improvements.
Answer:
The answer is economies of scale .
Explanation:
Government license, patents and public franchise are all forms of legal barriers that prevents new entrants from copying, imitating or entering the market. However, economies of scales are a economic barrier that arises due to the scale of operations of a firm and is not a legal barrier.
