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
Rainbow [258]
2 years ago
13

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

Business
1 answer:
ruslelena [56]2 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.

You might be interested in
6. Which of the following statements is NOT an element of a well-designed Service System?a. It is consistent with the operating
alekssr [168]

Answer:

e. It effectively separates the back office and the front office so each can focus on their own tasks in order to optimize their departmental performance.

Explanation:

  • A service system is one that is focused on the growth of technology and information system. It's designed to give services that meet the expectations, needs, and wants of clients.  
  • It is apart of service management, sued in service operations, and found in service marketing. It's designed for client contact, capital flows, and the level of customer involvement.
8 0
2 years ago
A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year
Anna71 [15]

Answer:

18.49%

Explanation:

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

The IRR can be calculated using a financial calculator:

Cash flow in year 0 = –$28,500

Cash flow in year 1 = $12,500

Cash flow in year 2 = 15,500

Cash flow for year 3 = $11,500

IRR = 18.49%

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

I hope my answer helps you

5 0
3 years ago
Read 2 more answers
Which of the following provides a suite of integrated software modules for finance and accounting, human resources, manufacturin
IrinaVladis [17]

Answer:

b) ERP

Explanation:

Enterprise Resource Planning is a business management software that allows an organization to use a system of integrated applications to manage the business and automate many office functions related to technology. A typical example of an ERP is SAP ERP.

8 0
3 years ago
Whenever real GDPLOADING... ​declines, nominal GDPLOADING... must also​ decline."
Alex_Xolod [135]

Answer:

The correct answer is option B.

Explanation:

Real GDP is the inflation-adjusted measure of economic growth. It measures the change in output level at a constant price. It measures changes in economic output.

Nominal GDP measures change in output level based on current prices. It is not an inflation-adjusted measure of economic growth.

Real GDP changes with a change in output level. While nominal GDP can change with change in either output level or price. So it is not necessary that a decline in real GDP is accompanied by a decline in nominal GDP.

8 0
3 years ago
There are numerous disciplines in the area of applied science and technology. These areas contain endless opportunities for tech
Ivenika [448]

Explanation:

A technical leader is one who has the know-how of a special task, often linked to operational and science and technology areas.

This type of leader is one who has expertise in a given subject due to his experience in the field and knowledge generated throughout his career. His main duties are to coordinate the work of the teams, supervising the work and adding value to the work due to his experience, he must be the main motivator of his team, increasing productivity and increasing innovation. It is also essential that the leader has communication skills, provides feedback and is always ready to assist his team and make work more effective.

8 0
3 years ago
Other questions:
  • Ms. lee is enrolled in an ma-pd plan, but will be moving out of the plan's service area next month. she is worried that she will
    6·2 answers
  • Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Division Queensland New South
    8·1 answer
  • The stock price of company x doubled over the past year, the stock price of company z decreased by over 50%. if the market is ef
    9·1 answer
  • Points: 12©2006 Capsim Management Simulations, Inc.® The Chester company will continue to train their existing workforce at thei
    5·1 answer
  • The developers of your new system have proposed two different AIS designs and have asked you to evaluate them. This evaluation p
    7·1 answer
  • Food Packagers Union represents the workers of Garden Variety, Inc. The company does not require its workers to join the union a
    12·1 answer
  • What is leadership management
    15·1 answer
  • Suppose a period of continuous political instability leads people to believe that the economy will slide into a deep recession.
    11·1 answer
  • Suddeth Corporation has entered into a 6 year lease for a building it will use as a warehouse. The annual payment under the leas
    15·1 answer
  • hudson corporation will pay a dividend of $2.80 per share next year. the company pledges to increase its dividend by 7.40 percen
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!