Two accounting equalities to maintain in transaction analysis are Assets and Liabilities + Equity.
One key element of performing accounting transaction analysis is ensuring that the accounting equation is balanced. This means that for every debit account entry, you must have a credit account entry of the same amount.
This accounting equation works as-
Assets = Liabilities + Equity
Assets- This refers to the resources of a company and includes cash and cash equivalents, accounts receivable, and inventory.
Liabilities and equity- The liabilities of a company refer to its financial obligations, such as loans, long-term debts, mortgages, and notes payable.The shareholder’s equity of a company refers to the dollar value of the company and can be calculated by subtracting its liabilities from its assets. Both liabilities and equity show how the company has financed its assets.
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Answer:
correct option is A. $5,087
Explanation:
given data
March 1, 2016, inventory: 1,000 gallons @ $7.20 = $7,200
Purchases amount Sales
Mar. 10 600 gals @ $7.25 4350 Mar. 5 400 gals
Mar. 16 800 gals @ $7.30 5840 Mar. 14 700 gals
Mar. 23 600 gals @ $7.35 4410 Mar. 20 500 gals
Mar. 26 700 gals
total 3000 @7.267 21800
cost of good sold 2300 @ 7.267 16714
so
balance is = 3000 - 2300 = 700 @ 7.267
ending inventory is $5087
so correct option is A. $5,087
Answer:
The answer is Letter C
Explanation:
Water World can recover the loss of profit from the delayed opening.
The target income refers to the income planned for the future. The answer is letter C. This type of income is expected by the management at a given specified accounting period. This now would direct the key functions of the management in relation to the action that it will do to achieve the certain income.
Answer:
The correct answer is letter "D": group's altercations and group's celebrations.
Explanation:
The unit of context represents the samples that are going to be taken into consideration for research. According to those samples, it will be possible to conduct a study about a specific topic of interest for the researcher that he or she would like to expose.
In that case, analyzing the TV show characters during the group's altercations and group celebrations will allow the researcher to conduct the study.
