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Radda [10]
3 years ago
8

The main difference among different types of business letters is

Business
1 answer:
Zielflug [23.3K]3 years ago
7 0
<span>The main difference among different types of business letters is that how some parts of the letter are indented from the left side of the margin. Business letters are the letters that were written between two organizations, between organization and a customers and clients.</span>
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Waterway Company uses a perpetual inventory system and made a purchase of merchandise on credit from Carla Vista Corporation on
leva [86]

Answer:

Dr Accounts Payable 9200 Cr Cash 9016 Cr Inventory 184

Explanation:

The payment terms of 2/10, n/45 mean that if paid within 10 days the company is entitled to a 2% discount. Otherwise full payment is required within 45 days.

Since we're settling the account within 10 days ( 7 days after purchase ) we are entitled to a 2% discount.

Originally the inventory was recorded at 9200 Dr and a Cr to Accounts payable of 9200.

The day the invetory is paid we will record the following (August 10)

Dr Accounts Payable $9200

Cr Cash/Bank                           $9016

Cr Inventory                              $184  

Since we're using the perpetual inventory system the actual cost of inventory is 9016 and not 9200. Thus inventory is now recorded at 9016. The cast amount is the actual amount used to settle the account after the 2% discount was applied.

5 0
3 years ago
Read 2 more answers
Why can a bank afford to pay interest rate on a savings account
Nadusha1986 [10]
How can a bank afford to pay interest? Banks use the money deposited on savings accounts to lend to borrowers, who pay interest on their loans. ... The difference between the money earned as interest on loans, any operating expenses, and the money paid as interest to savings accounts is profit to the banks.
3 0
3 years ago
Read 2 more answers
Gerald received a one-third capital and profit (loss) interest in XYZ Limited Partnership (LP). In exchange for this interest, G
ollegr [7]

Answer:

$12,000

Explanation:

According to the given situation,the computation of the outside basis is shown below:-

Total Outside basis = Adjusted basis - Non-recourse mortgage + G's share of mortgage

= $18,500 - $9,750 + ($9,750 × 3)

= $18,500 - $9,750 + $3,250

= $12,000

Therefore for computing the total outside basis we simply applied the abovbe formula.

7 0
3 years ago
___________is a conductor installed on the supply side of a service or separately derived system to ensure the required electric
g100num [7]

Answer:

Supply-side bonding jumper

Explanation:

A supply side bonding jumper is a transmitter on the stockpile side or inside an assistance or independently inferred framework to guarantee the electrical conductivity between metal parts required to be electrically associated.  

A bonding jumper on the stock side of an over current gadget  

The size of the stock side holding jumper depends on the unground stage conductors

7 0
3 years ago
Your uncle repays a $450 loan from Tenth National Bank (TNB) by writing a $450 check from his TNB checking account. Assume these
katrin [286]

Answer:

Uncle accounting:

         Cash              Note Payable        

DEBIT   CREDIT      DEBIT      CREDIT

             450             450

Bank Accounting

         Cash              Note Receivables

DEBIT   CREDIT      DEBIT      CREDIT

450                                              450

B.- False

Explanation:

The uncle will see a decrease in their assets (cash) and a decrease i ntheir liabilties(Note payable)

Therefore their net equity (wealth) will remain the same

The bank will record the collection from their client and decrease their receivables.

6 0
3 years ago
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