All categories

3 years ago

A list of all account names used to record transactions of a company is referred to as a T-account

Business

1 answer:

11Alexandr11 [23.1K]3 years ago

7 0

Answer:

chart of accounts. a list of all account names used to record transactions of a company.

external transactions. transactions the firm conducts with a separate economic entity.

general ledger. all accounts used to record the company's transactions.

journal

posting

T-account

trial balance

accounts

You might be interested in

?fournotts printing inc. manufactures and sells photocopiers, printers, and scanners to various corporate offices. this is an ex

vovangra [49]

This is an example of business marketing.
When somebody sells their goods and services to individuals or organizations for purposes other than personal use, that would be considered business marketing. These corporate offices won't use the goods for their personal use, but rather for work.

8 0

3 years ago

Stiller Company, an 80% owned subsidiary of Leo Company, purchased land from Leo on March 1, 2017 for $75,000. The land original

Ierofanga [76]

Answer:

$15,000

Explanation:

In leo company books, the gain recognized would be $75,000 - $60,000 = $15,000 as they are selling the land $15,000 more than it initially cost them

7 0

3 years ago

All of the following are examples of retailers EXCEPT?

fiasKO [112]

Answer:

your answer is c.

Explanation:

it says they all sell their own products except c, which says they sell consmetics, not retailing their own

6 0

3 years ago

Read 2 more answers

Simpkin Corporation owns manufacturing facilities in States A, B, and C. B uses a three- factor apportionment formula under whic

ivanzaharov [21]

Answer:

Simpkin Corporation

Simpkin's apportionable income assigned to B is:________.

b. $533,333

Explanation:

a) Data and Calculations:

Apportionable operating income = $1,000,000

State A State B State C Totals

Sales $400,000 $800,000 $300,000 $1,500,000

Payroll 100,000 150,000 50,000 300,000

Property 200,000 200,000 200,000 600,000

State B's portion of the operating income = $1,000,000 * $800,000/$1,500

= $533,333

5 0

3 years ago

Old Man Smith died owning a property with an estimated value of $500,000. He never married and died without leaving a will. Smit

vazorg [7]

Answer:

The property would be given to the next available direct relation of his who happens to be his sister. This is because, most property are shared among siblings. Since Smith's sister is one of his sibling, she is entitled to receive the property.

Explanation:

7 0

4 years ago