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Yuri [45]
2 years ago
14

2. If an accrual is for an expense, the adjusting entry debits and __________ account and credits a(n) __________ account. asset

; revenue unearned revenue; revenue expense; asset expense; liability
Business
1 answer:
coldgirl [10]2 years ago
5 0

If an accrual is for an expense, the adjusting entry debits and asset expense account and credit a liabilty.

<h3> What is an accrued expense?</h3>

Accrued expenses are expenses that are recorded as  account payable under the current liabilities section and it is recorded as an expense in the income statement of a company or individual balance sheet.

Example of accrual accounts is accounts payable and receivable, and future interest expense.

Therefore, If an accrual is for an expense, the adjusting entry debits and asset expense account and credit a liabilty.

Learn more on accrued expenses from

brainly.com/question/13450378

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A market:
klemol [59]

A market is

e. all of the above

Explanation:

A market has the following characteristics,

  • It is often a physical place facilitates to market
  • exchanges between buyers and sellers typically
  • involves monetary transactions
  • might not have well-defined geographical limits
  • the value, cost and price of items traded are as per supply and demand in a market.
  • Physical market is a place where buyers can directly meet the sellers physically and purchase their desired merchandise from them in exchange of money.
  • A market is a place where people can go to buy or sell things.

7 0
3 years ago
Manufacturers that use just-in-time manufacturing systems coordinate closely with suppliers to ensure that materials and supplie
allsm [11]

Answer:

Weaknesses

Explanation:

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. Strengths and weaknesses are internal to your company. The others are external. Since the badly managed JIT is an internal issue from a SWOT perspective it would be a Weaknesses

3 0
3 years ago
A mortgage company makes a number of loans to be assembled into one package and sold to permanent investors. This process is an
Vladimir [108]

Answer:

The correct answer to the following question is warehousing.

Explanation:

Warehousing can be defined as process in which banks and lenders would provide mortgage loans to consumers , with the intention of quickly selling those loans in the secondary market. Here the individual loans would be bundled together based on some common element like size of the mortgage or the creditworthiness of the borrowers and all these loans would be sold as a single unit.

3 0
3 years ago
What are some more recent developments that have given rise to our business environment?
Citrus2011 [14]
POWER & RESPECT COMES ALONG WITH BUSINESS PLAN'S
5 0
4 years ago
An individual customer's accounts receivable is recorded in the customer's ______ account and then summarized with all other cus
Goryan [66]

An individual customer's account receivable is recorded in the customer's ledger account and then summarized with all other customers accounts on the balance sheet as accounts receivable.

Explanation:

The ledger account that provides a subsidiary ledger's account balances is called a control account. The subsidiary ledger collects the transaction data of individual creditors. The accounts received by the subsidiary ledger have a separate account for each customer who makes credit purchases.

The sum of the balances of the subsidiary ledger should equal the balance of related controlling account. it supports the controlling accounts in general ledger.

The balance sheet is the summary of current balances in the firm's Assets, liabilities, and equities accounts.

The common subsidiary ledges are accounts payable ledger, accounts receivable ledger, fixed assets ledger, inventory ledger and purchases ledger.

8 0
3 years ago
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