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Rainbow [258]
3 years ago
13

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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The amount of product available to the market is known as which of the following? Demand Interest Supply Resources
Natalka [10]

Answer:

Supply

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3 0
3 years ago
Ferris Corporation makes a powdered rug shampoo in two sequential departments, Compounding and Drying. Materials are added at th
masha68 [24]

Answer:

Materials = 44,000

Conversion = 40,800

Explanation:

<em>Step 1 Determine the Number of Closing Work In Process Units</em>

Closing Work In Process Units = Opening Work In Process Units + Units started in process - Units transferred out

                                                   = 6,000 + 38,000 - 36,000

                                                   = 8,000

<em>Step 2 Determine the equivalent units for March 2019</em>

<u>Materials :</u>

<em>Note : Materials are added at the be-ginning of the process, therefore Units Transferred Out and Closing Work In Process are 100% complete in terms of materials</em>

Closing Work In Process Units - 100% =  8,000

Units transferred out - 100%                 = 36,000

Total equivalent units                           = 44,000

<u>Conversion :</u>

<em>Note : Ending work-in-process was 60% processed, therefore 60% completed in terms of conversion costs</em>

Closing Work In Process Units - 60%  =  4,800

Units transferred out - 100%                 = 36,000

Total equivalent units                           = 40,800

7 0
3 years ago
are useful when you want to show the ratio of different parts to the whole. A. tables B. pie graphs C. bar graphs D. line graphs
kirill115 [55]
I think that the answer is B.
6 0
3 years ago
Read 2 more answers
Which of the following statements is FALSE regarding resignations in the workplace? The most qualified employees are often the o
Musya8 [376]

Answer:

The correct option is the statement that reads " If a firm commits to making its environment a good place to work,workers will not leave"

Explanation:

The most qualified employees are always been poached because of the value they add to any organization,hence the first statement is absolute truth.

The second statement  is wrong because there the best working environment cannot stop people from resigning,what in case someone needs to study masters abroad?

A certain level of turnover is healthy since it paves from for new hands with fresh perspective to be hired.

However, when turnovers becomes excessive,it implies a fundamental problem with the workplace.

7 0
3 years ago
information systems transform raw data into information that can be used to make decisions. What is another important factor to
Reptile [31]
A) The relationship between information systems and organizations is among the fastest-changing aspect of business today.
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