Double-entry book-keeping is a waste of time and money because everything has to be recorded twice. Discuss.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
1 It m ight appear this way although it is per f ectly possible to operate an entity withou...View the full answer
Answered By
Abigael martinez
I have been a tutor for over 3 years and have had the opportunity to work with students of all ages and backgrounds. I have a strong belief that all students have the ability to learn and succeed if given the right tools and support. I am patient and adaptable, and I take the time to get to know each student's individual learning style in order to best support their needs. I am confident in my ability to help students improve their grades and reach their academic goals.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
A supervisor states, Integration testing is a waste of time. If each program is tested adequately, integration testing is not needed. Instead, we should move on to system testing as soon as possible....
-
Some marketers consider corporate advertising a waste of time and money. What are some of the reasons they feel this way? Take a position pro or con corporate advertising and defend it.
-
Is it a waste of time to detail the firms strategy in the business plan when the audience for that plan (e.g., venture capitalist) knows that things are not going to turn out as expected and, as a...
-
The article Mutational Landscape Determines Sensitivity to PD-1 Blockade in Non-Small Cell Lung Cancer (Science, 3 April 2015) described a study of 16 cancer patients taking the drug Keytruda. For...
-
Describe situations in which the shape and size of the work envelope of a robot (see Fig. 14.20) can be critical?
-
Peter Rourke, a loan processor at Wentworth Bank, has been timed performing four work elements, with the results shown in the following table. The allowances for tasks such as this are personal, 7%;...
-
Explain how the results from an ANOVA and measures of effect size are reported in the scientic literature.
-
Wendy's Wind Toys manufactures decorative kites, banners, and windsocks. During the month of January, Wendy received orders for 3,000 Valentine's Day banners and 1,200 Easter kites. Because several...
-
You've estimated the following cash flows (in $) for two projects: Year Project A Project B 0 -5,700 -8,550 1 1,325 1,325 2 2,148 2,148 3 4,394 8,329 The required return for both projects is 8%. Part...
-
When cars C and D stop on a two-lane bridge, the forces exerted by their tires on the bridge are as shown. Determine the total reactions at A and B when (a) ) A = 2.9 m, (b) A = 8.1 m. 12 m 73 KN 7.9...
-
My accountant has got it all wrong, argued Freda. She's totally mixed up all her debits and credits. 'But what makes you say that?' queried Dora. 'Oh! I've only to look at my bank statement to see...
-
Corby is in business as a retail distributor. The following is a list of his transactions for March 2012: 1 Goods purchased from Smith on credit. 2 Corby introduces further capital in cash into the...
-
Wesco Autobody Supply bought three autobody supply stores from Paint & Equipment Supply. Several weeks after the purchases, the majority of Wescos employees at the stores quit and began working for...
-
What are the major immediate concerns for the HR manager in Austral Group SAA when merging two different organizational cultures - in this case, Peruvian and Norwegian cultures?
-
Explain the relation between the corporate, business and functional strategies. Please produce an in-depth explanation.
-
Consider the problem of terrorism during Radical Reconstruction. If you had been an adviser to the President, how would you propose to deal with the problem? Give a minimum of TWO examples and fully...
-
describe at least one element of an Airport Master Plan. Discuss the importance of this element and how it fits into the overall Airport Master Plan document to include its processes and objectives.
-
It is suggested that Wikipedia has replaced the hardback encyclopedia books, such Encyclopedia Brittanica. What other ways do you foresee technology changing businesses that have been around for...
-
Preparing a flexible budget for delivery expense. The Sullivan Company has average sales per delivery of $200. The Delivery Departments monthly fixed costs are $4,000, and its variable costs are $25...
-
Write the binomial probability in words. Then, use a continuity correction to convert the binomial probability to a normal distribution probability. P(x 110)
-
Describe how to apply process and value stream mapping for process design.
-
What criteria are used to determine whether items are relevant?
-
Give an example of a direct cost other than materials or labour.
-
How is it collected and charged out to production?
-
THIS IS ONE QUESTION WITH TWO PARTS. PLEASE ANSWER COMPLETELY AND SHOW ALL WORK. (NO EXCEL) Information for Question 1: State Probability Retum on A Return on B Return on C Retum on Portfolio X Boom...
-
Direct materials (5.0 Ibs. @ $5.00 per Ib.) Direct labor (2.0 hrs. @ $13.00 per hr.) Overhead (2.0 hrs. @ $18.50 per hr.) Total standard cost $25.00 26.00 37.00 $88.00 The predetermined overhead rate...
-
Problem 1-28 (Algo) (LO 1-4, 1-5, 1-6b 1-7) Harper, Inc., acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2020, for $316,100 in cash. The book value of Kinman's...
Study smarter with the SolutionInn App