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sp2606 [1]
3 years ago
14

Type the correct answer in the box. Spell all words correctly. In which book of accounts do businesses record their daily financ

ial transactions? Businesses record their daily financial transactions in a _____, also known as the businessperson's diary.
Business
1 answer:
Marysya12 [62]3 years ago
6 0

Answer:

Journal.

Explanation:

Businesses record their daily financial transactions in a journal, also known as the businessperson's diary.

A journal entry involves the process of keeping the records of business transactions made by an organization.

The journal entry is used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.

In Accounting, most businesses use a double-entry account system and as such, the total amount debited must equal the total amount credited in a journal entry.

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The statement, "With its 25 percent market share, this is the best-selling laser printer on the market today," is an example of
Ksenya-84 [330]

Answer:

Product advantage.

Explanation:

The statement, "With its 25 percent market share, this is the best-selling laser printer on the market today," is an example of a product advantage.

Product advantage can be defined as the attributes or characteristics of a particular product, which differentiates or gives it a competitive edge over other products that is being manufactured by an organization.

Hence, it refers to the ability of a particular product to do well in the market as a result of it being sought by the consumers.

5 0
2 years ago
Looking forward to next year, if Digby’s current cash amount is $17,478 (000) and cash flows from operations next period are unc
Strike441 [17]

Answer:

d

Explanation:

Purchases assets at a cost of $15,000 (000)

Repurchases $10,000 (000) of stock

Issues 100 (000) shares of common stock

Sells $7,000 (000) of long-term assets

8 0
2 years ago
Which of the following is most likely to be considered revenue, according to the Financial Accounting Standards Board’s definiti
sesenic [268]

Answer:

A web streaming company fulfills a 12-month service term paid by customers in advance.

Explanation:

Revenue is recognized from services rendered or goods delivered. It is recognized only when the risk and reward is transferred, further it relates to the normal business of company.

As in the first sentence the company makes scientific devices and it sales an agricultural land, that is sale of fixed asset.

In second case the pharmaceutical company receives donation which is anonymous.

All the things are not revenue for company.

It is only the web streaming company which shall recognize revenue as the services are rendered and revenue shall be recognized related to normal business of company.

8 0
3 years ago
Camera 1 costs $4,900. It should last for eight years and have annual maintenance costs of $220 per year. After eight years, the
lesya692 [45]

Answer:

Use formula: (((F1^F2) - (F1*F2)) / ((F2-F1) + (F1*F2))) /  % of hours

Explanation:

4 0
3 years ago
In accounting What is revenue
mylen [45]
Fess earned from providing services and the aumounts of merhandise sold. hope this is the right awser and I love to help you anytime
8 0
2 years ago
Read 2 more answers
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