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
nataly862011 [7]
3 years ago
7

How to work out opening balance?​

Business
2 answers:
vredina [299]3 years ago
8 0

Answer:

...

Explanation:

Marrrta [24]3 years ago
5 0

Answer:

Opening Balance (what you have in bank at the start) plus Total Income (what money comes in) minus Total Expenses (what money goes out) equals Closing Balance (what money you have left). The Opening Balance is the amount of cash at the beginning of the month (1st day of month).

You might be interested in
Miklos, who does not understand english, is asked by carl to sign a piece of paper that carl says is an application to open a ba
AlexFokin [52]
C) <span>fraud in the inducement.</span> is your answer. Hope this helps!
8 0
3 years ago
In a Real Estate Limited Partnership, the general partner refinances an existing $5,000,000 mortgage on a $10,000,000 property t
Nana76 [90]

Answer: Do your own homework

Explanation:

It’s easy

7 0
3 years ago
The total assets of brandon co. are $900,000 and its liabilities are equal to one-fourth of its total assets. what is the amount
yuradex [85]
900,000 / 1/4 = liabilities
900,000 - liabilities - stockholder's equity

900,000/4 = 225,000
900,000 - 225,000 = 675,000
5 0
3 years ago
Read 2 more answers
Two foreign companies want to trade shares of their stock on u.s. stock exchanges. one company follows ifrs but the other compan
Svetach [21]

Answer;

-A foreign company that wants to have their shares traded on U.S. stock exchanges who uses accounting practices that comply with IFRS

Explanation;

Financial Accounting Standards Board (FASB) is the primary accounting standard-setting body in the United States. Generally accepted accounting principles (GAAP) is a set of accounting standards that have substantial authoritative support and which guide accounting professionals.

-FASB goal is to provide leadership for public companies in establishing and improving the accounting methods used to prepare financial statements. The FASB has the authority to set, but not enforce, accounting standards. Enforcement falls under the jurisdiction of the SEC. The FASB takes recommendations from the SEC and the AIPA when devising or improving standards; however, it is not required to.

3 0
3 years ago
Maura had to get a $350 emergency loan at a very high interest rate to pay for dental work. The lender did not need her credit h
Norma-Jean [14]

Answer:

It would be A Raina is correct because the loan is a line of credit.

Explanation:

Hope this helps!

8 0
3 years ago
Read 2 more answers
Other questions:
  • Management at Work
    14·1 answer
  • •Determine strategies that can be used to develop effective groups and teams
    5·1 answer
  • Sarah transferred $450.00 from her savings account to her checking account. She’ll use the check register to record her transact
    11·2 answers
  • Company ABC has liabilities of 20,000, 50,000 and 70,000 due at the end of years 1, 2 and 3 respectively. The company would like
    11·1 answer
  • Zhao Co. has fixed costs of $390,600. Its single product sells for $181 per unit, and variable costs are $119 per unit. If the c
    14·1 answer
  • Which of the following statements is false? Select one: a. because manufacturing plants and warehousing can be very expensive to
    9·1 answer
  • Which of the following businesses is most likely to use a process costing​ system? A. a construction company B. an accounting fi
    5·1 answer
  • You have just taken a job at a bank in the loans department. Your bank is worried about the current economic climate and its pot
    12·1 answer
  • how can you journalise this a supplier account had been debited with a $200 sales invoice (which had been correctly recorded in
    5·1 answer
  • Traditions Home Accessories Company manufactures decorative lamps using an activity-based costing system to allocate all manufac
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!