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MakcuM [25]
3 years ago
6

Which 2 reasons that cause a large amount in the opening balance equity

Business
1 answer:
son4ous [18]3 years ago
7 0

Answer:

Which 3 reasons could be causing a large amount in the opening balance

equity account of a new client in Quick books online

1-the client has added transactions in the banking center without assigning an account to them

2-opening balances for one or more product/service items were entered during the setup process

3-the client entered an opening balance when creating a new other current asset account

4-opening balance were included when importing customers,using the import data tool

Explanation:

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Answer:

Medium of Exchange

Explanation:

A certificate of deposit represents a legal document issued by a commercial or economic institution such as a bank as evidence of a sum of money deposited by the individual for a particular period and with a specified rate of interest.

A Medium of Exchange, on the other hand, represents an intermediary system or instrument that can be used to make sales, purchases and facilitate the trade of goods or services between various parties. To qualify as a medium of exchange, the instrument should have a standard face value and must be acceptable to all parties.

Since Tara was able to put down $50,000 as represented on the Certificates of deposit, it becomes a medium of exchange, because it has a standard face value (as determined by the bank) and it is acceptable both by Tara and the estate from which Tara is purchasing the house.

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3 years ago
Que concepto tienes de atención al cliente en recursos humanos
ratelena [41]
What is your concept of customer service in human resources?
8 0
3 years ago
The Gap company caters to the needs of men and women by manufacturing three different lines of fashion-wear based on the purchas
Wittaler [7]

Answer: demographic

Explanation:

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3 0
4 years ago
If we use Country A as the base country to calculate a cost-of-living index comparison to Country B and the index number is posi
arsen [322]

Answer:

Greater than

Explanation:

Answer 1:

If the index number used to calculate prices is positive, then it shows that price level in country B is greater than the price level in Country A which is used as the base year. Thus, the blank can be filled by Greater than.

 

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