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3 years ago

In general Accounts are split into Personal Accounts and ImpersonalAccounts True False

Business

1 answer:

ruslelena [56]3 years ago

6 0

Answer:

True.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).

Thus, it is a field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time. Financial experts or accountant uses either the cash basis or accrual basis of accounting.

An account can be defined as a formal and individual record of the financial transactions of a person, business firm, goods, assets, liability, etc.

All the transactions with respect to a particular item such as income, expenses, assets, liability, etc., are recorded in its account.

In general, accounts are split or divided into two main categories and these includes;

I. Personal Accounts

II. Impersonal Accounts.

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A market order has: a. Price uncertainty but not execution uncertainty. b. Both price uncertainty and execution uncertainty. c.

Ipatiy [6.2K]

Answer:

The correct answer is letter "A": Price uncertainty but not execution uncertainty.

Explanation:

When talking about trading orders, a market order is executed whether to buy or sell a security at market price. The market order does not follow the security's price at the bid or ask, it usually follows the last price at which the security was sold. Thus, that <em>price is always uncertain.</em>

The benefit of market order relies on the execution. Traders will not have to wait until another trader is willing to buy or sell at their desired level. The <em>market order will execute the order almost automatically</em> at the price the market has available.

6 0

3 years ago

An increase in the supply of money will lead to ____ in equilibrium real GDP and ____ in equilibrium price level. a.a decreases;

kvasek [131]

When borrowing money becomes easier, consumption and lending (and borrowing) rates tend to rise.

Higher rates of consumption, lending, and borrowing can be linked to a rise in an economy's overall output, expenditure, and, presumably, GDP in the near run.

For a given price level and output, an increase in the money supply lowers the interest rate.

<h3>What Factors Influence Money Supply?</h3>

The most important determinant of the money supply is the Federal Reserve policy.

The Federal Reserve influences the money supply via changing bank deposits, which are its most essential component. This is how it goes.

Depository institutions (commercial banks and other financial institutions) are required by the Federal Reserve to retain a portion of their deposit liabilities as reserves.

These reserves are held by depository institutions as cash in vaults or ATMs, as well as deposits at Federal Reserve banks.

For more information about Money supply refer to the link:

brainly.com/question/24249291

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6 0

2 years ago

Which of the following is true of the assumption of risks during delivery of goods?

kirza4 [7]

One of the true assumption of risks during delivery of goods is : The seller is liable for any damages incurred to the goods during shipment.

That's why most of the companies whose business including goods delivery always put an insurance for on board products, to prevent the company from any potential damage during the shipment<span />

3 0

3 years ago

To comply with the "Jim Crow" laws, Milton, the owner of a chain of restaurants, reserves the restaurants on Wiley Street for wh

mihalych1998 [28]

Answer:

separate-but-equal doctrine

Explanation:

The separate-but-equal doctrine was upheld as constitutional in the US since according to this doctrine, racial segregation didn't violate the Fourteenth Amendment to the Constitution because colored people received the same service as white people.

The Fourteenth Amendment guaranteed equal protection for everybody, in this case it guarantees equal service.

4 0

3 years ago

If the amount of "Cost of goods manufactured" during a period exceeds the amount of "Total manufacturing costs for the period, t

Ilya [14]

Answer:

3. ending work in process is less than the amount of the beginning work in process inventory.

Explanation:

As we know that

Manufacturing cost = Cost of Goods Manufactured - Direct Labor - Direct Materials Used + Ending balance of Work-in-Process Inventory - the Opening balance of Work-in-Process Inventory

And, the Manufacturing cost involves both cost i.e direct material and direct material used

If the cost of goods manufactured more than the total manufacturing costs, so automatically ending WIP inventory should be less then the beginning WIP inventory

6 0

3 years ago