Explain the double entry rule. How (if at all) does this rule change in the case of
Question:
Explain the double entry rule. How (if at all) does this rule change in the case of a compound entry?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
The double entry rule is a fundamental principle in account...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Information For Business Decisions
ISBN: 9780170253703
2nd Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons
Question Posted:
Students also viewed these Business questions
-
Briefly describe ASCII and Unicode and draw attention to any relationship between them. [3 marks] (b) Briefly explain what a Reader is in the context of reading characters from data. [3 marks] A...
-
The new line character is utilized solely as the last person in each message. On association with the server, a client can possibly (I) question the situation with a client by sending the client's...
-
Melinda sanders and her staff have a meeting scheduled tomorrow morning with Douglas Liddell, vice president of WCC's corperate information systems group, to discuss the direction of WCC north...
-
Power Company acquired 80 percent of Solar Company's outstanding common stock for $200,000 cash on January 2, 2021. The two companies continued to operate as separate entities after the combination....
-
On July 31, 2019, Bismarck Company engaged Duval Tooling Company to construct a special-purpose piece of factory machinery. Construction began immediately and was completed on November 1, 2019. To...
-
Pipelines are used to transport natural gas over thousands of miles, with compressors (pumping stations) at regular intervals along the pipeline to compensate for the pressure drop due to flow....
-
Distinguish between training and development.
-
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...
-
QUESTION 51 Indicate the the following where the counter cored led the come her the 1,000 hrs. dinas, for we had the 110.000 wand et cheyyak 10.00 staaithaa 46.000.000 QUESTION 62 Indeed the comfort...
-
What is a general journal (in a manual accounting system)? List the advantages of initially recording a business' transactions in a general journal.
-
What are the debit and credit rules? How do these rules relate to the accounting equation?
-
Team Marketing Report (TMR) produces the Fan Cost Index (FCI) survey, now in its 16th year, which tracks the cost of attendance for a family of four at National Football League (NFL) games. The FCI...
-
Pomerantz in Chapter 8 discussed the expectation that the years leading up to 2030 Group of answer choices would be years of accelerating progress, a trend derailed by war, pandemic, economic...
-
A Mississippi chicken processing plant fired most of its remaining workers after nearly 100 accused of immigration violations were arrested last week, witnesses said, an indication that the crackdown...
-
You have added 15 songs to a Spotify playlist. You have 3 classic rock songs, 7 pop songs, and 5 country songs. You can play 4 songs on your walk to school. What is the probability that you hear 2...
-
a b Solve a) (725.25)10=(?)2=(?)16 b) (111100111110001)2= (?) 8 = (?) 16 Build the equation Y=AB+ CD + E to realize using a) NAND Gates b) NOR Gates Construct and describe Full Adder with neat logic...
-
With such a high base rate, you are confident about the chance of hiring and have posted the job ad based on a prior job analysis. Listed below are the final applicants and their profile of four key...
-
What is a contract and what six elements must a valid contract contain? What remedies do you have in the case of a breach of contract?
-
What do you think?
-
Among other items, the Andy's Business' income statement for the year shows sales revenue of \(\$ 156000\), cost of goods sold of \(\$ 92600\) and salaries expense of \(\$ 24400\). An analysis of its...
-
The Fredette Business' Cash account shows the following entries for April: a Beginning cash balance, \(\$ 800\) b Receipt from issuance of note, \(\$ 20000\) c Payment of interest on loan, \(\$...
-
An analysis of the Toney Business' Cash account for September shows these entries: a Beginning cash balance, \(\$ 800\) b Collections from customers, \(\$ 21500\) c Payment for purchase of storage...
-
1. Why might managers of small restaurants decide not to adopt the standard work hour approach to controlling labour cost? (minimum 150 words )
-
Which statement is true regarding the U.S. GAAP impairment test for limited life intangibles? A. U.S. GAAP impairment is likely to be greater than IFRS impairment. B. The impairment test for limited...
-
Which of the following is a limitation of both return on investment and residual income? A. Favors large units. B. There is disincentive for high return on investment units to invest. C. Can lead to...
Study smarter with the SolutionInn App