Four reasons to keep your money in a financial institution like a bank are: Its the safest place for your money. In the case of burglaries or any such misfortune, a financial institution is the safest option. Interest rate is an added incentive for keeping your money in an institution. Money usually keeps losing and gaining value. In a bank it will keep earning you an interest on your savings. It is easy to manage your cash, keep track of your expenditures and savings. Value-added facilities provided by these financial institutions are also an attractive incentive.
Pretty sure B but it could be C
Acceleration reaches a maximum
I think so :))
Answer:
a) Fees earned (or revenues) will be understated. Net income will be understated.
b) Accounts (fees) receivable (or assets) will be understated. Owner’s equity will
be understated.
Explanation:
Adjusting entries refers to the entries that are made at the end of an accounting period in accordance with revenue recognition, principle and expense recognition principle.
All adjusting entries affect at least one income statement account (revenue or expense), and one statement of position account (asset or liability).
