If your savings account balance increases by $10 .The categories on your balance sheet affected is: savings account and cash.
<h3>What is savings account?</h3>
Savings account can be defined as the account that help you to save your money while you earn interest on the amount saved.
In a situation where the money in your savings account increase by $10 because of the interest earne, cash will be affected under current assets on your balance sheet.
Inconclusion the categories on your balance sheet affected is: savings account and cash.
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An agreement is any understanding or arrangement reached between two or more parties. A contract is a specific type of agreement that, by its terms and elements, is legally binding and enforceable in a court of law.
Answer:
Explanation:
<u>2016 </u> 2017
Contract price = 2300000 2300000
Cost to date = (2100000) (2160000)
Further estimated Cost = (80000) 0
Profit = 120000 140000
Stage of completion = 2100/2180 = 96.33% 100%
As at Profit and loss
Revenue 2300*96.33 = 2215596.33 2300000
Profit 120*96.33 = -115596.3303 -140000
Cost of Sales = 2100000 2160000
For the period profit and loss
Revenue = 2215596 84404
Cost of sales = (2100000) 60000
Profit = 115596 24404
<span>If your new neighbor drilled a well and shortly thereafter your well went dry, the least that your neighbor might have to do to restore your water supply is to dig the well deeper. The more the well is deep, the greater is the chance of both of you to have lesser amounts of water because you have exceeded the water table where it is located. </span>