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Accounting Questions and Answers (Q&A)

Bergeront Tiffney, Computer Engineer
Answered: May 02, 2019
The answer to this is B. The monthly fixed fee is $90 but because of the additional copies that need to be made, the extras will be charged for every copy. This means that for the month of...Read More

2 Answers

1901 views
Although the term "right side" might be a very common term in different professions and might mean different things, the only profession that uses this term the most is in any business-related...Read More

2 Answers

1794 views
W. Mocroft, Philanthropist
Answered: Nov 27, 2018
A balance sheet reports a company's assets, liabilities and shareholders' equity at a specific point in time. In the case of an income statement, this reports a company's financial performance...Read More

1 Answer

1783 views
Anthony Paul Bonadio, Teacher
Answered: Jan 03, 2019
The cost of land should include the cost of removing unwanted buildings and the cost of grading and clearing the land. When you’re buying land for a business, you have to take into account...Read More

2 Answers

1362 views
Lnwilcox
Answered: Aug 14, 2022
All of the above are intangible

1 Answer

1351 views
Lekden
Answered: Aug 14, 2022
The seller has title to the goods until they are delivered.

1 Answer

1038 views
Anthony Paul Bonadio, Teacher
Answered: Jan 03, 2019
The correct course of action is journal, ledger, trial balance, financial statements. The financial statement is pretty much submitting your final essay, and the other three are your rough...Read More

2 Answers

965 views
Financial statements are one of the most important documents or reports, especially in business. These reports show the status of a business such as the labor unions, stockholders, and board of...Read More

1 Answer

921 views
The United States Declaration of Independence starts with the line, When in the course of human events… This document was approved on July 4th, 1776, by the Continental Congress. It states...Read More

2 Answers

855 views
Itess.valencia
Answered: Aug 14, 2022
Yes, always

1 Answer

833 views
Anie Nikahi
Answered: Aug 19, 2018
Revenue is not included in the balance sheet because a balance sheet only record Assets, Liability, and Owner's Equity. Revenue is recorded in the Income Statement where it summarises cash...Read More

2 Answers

822 views
Bcjunk
Answered: Jan 28, 2020
The answer to this question is definitely CREDIT. Think about a cash sale. Your cash will increase, so you debit cash; therefore, your entry on the revenue side MUST be credit. Revenue is also on...Read More

6 Answers

716 views
Terrijones
Answered: Aug 14, 2022
Balance Sheet

1 Answer

678 views
H. Jones, Web Content Writer
Answered: Sep 11, 2019
CAT and AAT are two different qualifications. However, many people don’t know their differences. CAT is the acronym for Chartered Certified Accountant, and AAT is the acronym for...Read More

4 Answers

659 views
H. callum, Content Writer
Answered: May 10, 2019
Accounting is a practice of measuring and organizing information and data for a business or company. An accountant usually does it. The primary summary device of accounting is the account itself....Read More

2 Answers

659 views
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