The T-Account can be made as follows with the credit of $3,754. The expenses are deducted from the balance as the total credit available.
<h3 /><h3>What is Expense?</h3>
Expenses are the costs that are paid by businesses, these costs are incurred for the operations of business. The expenses are paid from the cash/ bank balance available at the business.
It is recommended that the expenses are in a control and are lower than the revenue generated by the business.
T-Account
Operating Expense Account
$420
$250
$100
$250
Petty Expenses Account
$150
$100
Asset Account
$1500
$650
$334
The account are made according to the nature of expenses, there are two expenses that are not to be classified as an expense instead they need to be treated as a capital expenditure that is to be posted in Asset account.
Expenses with one off event and small amount and in general in nature are posted in petty expenses
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Answer:
<u>Transaction - processing systems</u>
<u>Explanation:</u>
For simplicity, since record-keeping, simple clerical operations, and inventory control are all related to transactions, then transaction-processing systems refer to systems that ensure that such transactions are successfully carried out.
For example, online retail outlets use transaction-processing systems to control inventory, as this system is responsible for noting every successful order of their listing page.
I would say strongly agree
hope this helps!
Answer: Maslow's hierarchy of needs
Explanation:
Maslow's hierarchy of needs is referred to as or known as a theory which was proposed by the American psychologist Abraham Maslow, that tends to put forth the notion/idea that individuals are usually/mostly motivated by the following five categories of need, i.e. safety, physiological, esteem, love, and also self-actualization.
The answer is wear-and-tear theorists. Wear and tear speculations of natural maturing suggest that maturing in people and different creatures is just the aftereffect of widespread deteriorative procedures that work in any sorted out framework.
