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ki77a [65]
3 years ago
8

What are advantages of books of prime entry​

Business
2 answers:
Liono4ka [1.6K]3 years ago
8 0

Answer:

It is easy to post transactions to the ledger accounts after recording them in the prime entry books.

Reduce the number of entries posted in the ledger because the totals of prime entry books are posted to the ledger.

Minimize accounting errors and it is easy to find out such errors.

Explanation:

tresset_1 [31]3 years ago
4 0

Explanation:

While slavery was the major issue separating the North and South, it was not slavery itself that sparked the conflict. The South wanted to secede from the Union, and the North refused. While President Abraham Lincoln personally opposed slavery, he recognized that it was legal under the U.S. Constitution at the time. He also recognized that few in the North were ready to go to war to free the slaves. For Lincoln and the northern majority, preservation of the Union was the foremost goal.

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What term is used for bonds that have specific assets pledged as collateral?
Stells [14]

Answer: Collateral bonds

       

Explanation: In simple words, collateral or secured bonds refers to the the bonds that have are backed by the security of some financial asset such as any stock or some other bonds which are referred to as collateral.

These collateral  assets are held and deposited by the trustee at the discretion of the holders. Generally, the interest rate on these bonds is Lower than the interest rates of normal bonds without collateral as they have an additional security.

In case the company fails to pay to the bonds holders they can pressure the company to sell the asset and make payments to the bondholders. These bonds are issued by strong organisations to some specific individuals.

7 0
3 years ago
Excess return portfolio performance measures
Crank

Answer:

The answer would be E

Explanation:

Excess return, also known as alpha, is a measure of how much a fund has under or outperformed the benchmark against which it is compared.

metric allows investors to compare sets of funds against each other, in order to see which fund has generated greater excess returns.

8 0
4 years ago
The entry to record a return by an on account customer of defective merchandise on which no sales tax was charged includes: A. a
Svetach [21]

Answer:

C.a debit to Sales Returns and Allowances and a credit to Accounts Receivable.

Explanation:

The journal entry to record the returns of merchandise is shown below:

Sales return and allowance A/c Dr XXXXX

               To Accounts receivable XXXXX

(Being sales return is recorded)

Basically we debited the sales returns and allowances and credited the account receivable so that the proper recording could be made.

4 0
3 years ago
In the U.S., the __________ has the role of managing the money supply and interest rates.
brilliants [131]

Answer:

Treasury Federal Reserve Bank State

Explanation:

Treasury Federal Reserve Bank State has the key responsibility of controlling and managing all the outflow and inflow of money and interest. Inspections and monitoring of large financial institutions to assure the country's banking sector's safety and legitimacy.Uphold banking system flexibility and contain default risk which may occur in economic markets.

4 0
4 years ago
1-Consider the morality of the sorts of economic inequalities discussed in this chapter; are they justifiable?
Shtirlitz [24]

Answer:

According to the text, morality related to the reasons for economic inequality is acceptable

Explanation:

According to the text, morality related to the reasons for economic inequality is acceptable, since the government ensures the integrity for all citizens in an equitable manner so that everyone can build their wealth. The text explains how, it is fair for everyone to pay their taxes on equal terms and percentages since it would be inappropriate and unfair for people who have less income to pay less taxes than those with a higher social status. In my opinion, this theory applied to the context of real life does not turn out to be so appropriate, since it is possible to see the great economic breach between some social strata and their living conditions that often lack even the most basic rights for survival.

8 0
3 years ago
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