1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ANEK [815]
2 years ago
9

A motor vehicle sold on credit to C. Kelly will require which of the following entries:

Business
1 answer:
blondinia [14]2 years ago
4 0

When a motor vehicle is sold to C. Kelly on credit, the relevant entries would be<u> Debit C. Kelly</u><u>, </u><u>Credit </u><u>Motor </u><u>vehicle</u><u>. </u>

When an item is sold on credit to an entity, that entity becomes an Accounts Receivable. As this is an asset, it is debited when it increases which is the case here with C. Kelly purchasing the car on credit.

The motor vehicle account is an asset and assets are credited when they decrease. By selling the vehicle, the motor vehicle account will be credited to show that motor vehicles have decreased.

In conclusion, the accounting entry for the above scenario would be <u>Debit C. Kelly, Credit Motor vehicle. </u>

<em>Find out more at brainly.com/question/20519391. </em>

You might be interested in
New Seasons Market, a locally owned and operated one-stop grocery store based in Portland, Oregon is committed to providing loca
Jet001 [13]

Answer: (B) Customer relationship management

Explanation:

The CRM is stand for the customer relationship management and it is basically refers to the various types of strategies and the technology that the organization used for analyses the data and also helps in managing the customer relationship.  

The main aim of the customer relationship management is that it helps in improving the relationship of the customer and also manage the business data more efficiently.

The CRM purpose is that it also helps in improve the satisfaction of the customer and also manage the customer services. Therefore, Option (B) is correct.

4 0
3 years ago
Four examples of human resource
Elenna [48]
Human resources are resources that humans gave.
1-refrigerator
2-buildings and shelter
3-Schools
4-Books
I hope I helped! :-)
4 0
3 years ago
Cash flows directly related to production and sale of the firm's products and services are called?
Leona [35]

A  cash flows directly related to production and sale of the firm's products and services are  called Operating cash flow .

<h3>What is operating cash flows and 3 types of cash flows? </h3>

Cash flow from operating activities indicates the amount of money a company brings in from its ongoing,regular business activities such as manufacturing and selling goods or providing a service to customers. Types of cash flows are cash flow from operating activities, cash flow from investing and cash flow from financing activities.

A firms operating cash flows is the cash flow it generates from  its normal operation producing  and selling its output of goods or services.

to learn more about OCF click here brainly.com/question/17001006

#SPJ9

6 0
1 year ago
The manufacturing overhead account is debited when ______.
Rufina [12.5K]

Production process involves different type of cost and expenses, manufacturing overhead account is one and it is debited when overhead applied is less than the actual overhead costs incurred.

<h3>What is manufacturing overhead cost?</h3>

It is the sum of all the indirect costs that were spent while manufacturing a product.

The amount in the manufacturing overhead account can either be a debit or credit.

It is a debit when the overhead is less than the actual overhead costs that were spent.

Therefore, The manufacturing overhead account is debited when the overhead applied is less than the actual overhead costs incurred.

Learn more manufacturing overhead accounts here

brainly.com/question/15739613

5 0
2 years ago
What is a joint production process? Describe a special decision that commonly arises in the context of a joint production proces
Tanya [424]

Answer:

Quy trình sản xuất nói chung là quá trình con người tác động vào tài nguyên thiên nhiên để biến chúng thành các sản phẩm có ích cho xã hội.

Explanation:

8 0
3 years ago
Other questions:
  • A DVD player that was originally priced at $399.95 and cost $215 is ultimately sold for $349.95. What were the reduction percent
    10·1 answer
  • Bims Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with
    11·1 answer
  • Identify at least one cost and one benefit of both the trustee and delegate models.
    12·1 answer
  • equirement 1. Post the journal entries to the​ T-accounts. Use the dates as posting references in the​ T-accounts. We will post
    8·1 answer
  • As the manager of new restaurant with new employees, Pat began by being very directing so that all the employees knew what to do
    12·1 answer
  • Why are primary and secondary markets governed by regulating bodies?
    6·2 answers
  • The stand minus −alone cost allocation method ranks the individual users of a cost object in order of users most responsible for
    14·1 answer
  • What is one cost of avoiding insurance?
    9·1 answer
  • Last month Peggy Company had a $30,310 profit on sales of $350,000. Fixed costs are $92,190 a month. What sales revenue is neede
    7·1 answer
  • the product life cycle (plc) defines the life of a product in four basic stages, which include .
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!