The journal entry of a building being purchased will be, a debit in the building account by $60,000; and the cash account and payables account will be credited by $20,000 and $40,000 respectively.
<h3>What is a Journal Entry?</h3>
A method of recording the monetary transactions of a business firm throughout a financial period, in such a way that effects of the same are reflected in the financial statements, is known as recording of journal entries.
Hence, the effect of the journal entry has been given above, and an image is also provided for better understanding of the concept for the readers.
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The upside of changing its assembling frameworks is to enhanced item quality and lessened preparing time.
JIT and the lean maker has numerous bene±ts including enhanced item quality and diminished handling time, and decreased waste and stock, bring down work and generation costs, and expanded assembling adaptability.
Answer:
in Texas, the amount of oil and natural gas produced together with the market price determines the amount of tax to be generated.
<u>Answer:
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With an ATM checking account, you are typically charged a fee if you use teller services is a false statement.
<u>Explanation:
</u>
- The ATM facility has been rolled out in order to dispense convenience to the users of cashless transactions or of withdrawing cash whenever need.
- This service is not charged as long as there are not any extra facilities demanded like that of international transactions.
- Charging a fee for using an ATM would decrease the number of its users drastically.
Answer:
They provide buyers with anytime, anywhere access to products.
Explanation:
Direct digital marketing is the type of marketing that is done exclusively through digital channels such as email and the internet. It is becoming the more convinient way of marketing and is used by most businesses and even replaces traditional marketing in some cases.
Email marketing involves promotion of products through targeted emails to selected customer segments.
Marketing on the internet involves advert placement on various internet channels such as social media and search engines.
A minor advantage of digital marketing is that it is available at every time. So the customer can access information on products at any time of the day.
