An account balance is a. The total of the credit side of the account. b. The total
Question:
An account balance is
a. The total of the credit side of the account.
b. The total of the debit side of the account.
c. The difference between the increases and decreases recorded in the account.
d. Assets = Liabilities + Owner’s equity.
e. Unchanged by posting debits and credits to the account.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
c The difference between the increases and decreases recorded in the account An account balanc...View the full answer
Answered By
BillClinton Muguai
I have been a tutor for the past 5 years. I have experience working with students in a variety of subject areas, including computer science, math, science, English, and history. I have also worked with students of all ages, from elementary school to college. In addition to my tutoring experience, I have a degree in education from a top university. This has given me a strong foundation in child development and learning theories, which I use to inform my tutoring practices.
I am patient and adaptable, and I work to create a positive and supportive learning environment for my students. I believe that all students have the ability to succeed, and it is my job to help them find and develop their strengths. I am confident in my ability to tutor students and help them achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
For each mechanism in the following figures, (1) Sketch the kinematic diagram. (2) Identify the number of Links (N), 1-dof joints (J), 2- dof joints (J), and 3-dof joints (J3) (3) Calculate the...
-
The debits and credits from four related transactions are presented in the following T accounts. Describe eachtransaction. Accounts Payable (1) Cash (2) (4) (3) 250 500 8,000 7,350 (4) 7,500...
-
The debits and credits for three related transactions are presented in the following T accounts. Describe eachtransaction. Cash Sales 32,340 35,000 Accounts Receivable Sales Discounts 35,000 (3)...
-
Be able to explain how land policy shaped economic growth in the United States.
-
Suppose that a company decides to discontinue one of its lines of business and sell the related assets. Describe what you think would be the most appropriate valuation basis for the capital assets of...
-
Why does the user of an income statement need to know the time period that it covers?
-
What are the contract rate and the market rate for bonds? AppendixLO1
-
Abbe Co. is a small merchandising company with a manual accounting system. An investigation revealed that in spite of a sufficient bank balance, a significant amount of available cash discounts had...
-
Exercise 10-8 (Algo) Direct Materials and Direct Labor Variances (LO10-1, LO10-2] Dawson Toys, Ltd., produces a toy called the Maze. The company has recently created a standard cost system to help...
-
Match the following and select the correct option. 1 BFS algorithm spanning tree a Kruskal's algorithm Shortest paths Strongly Connected Components DFS algorithm 4 Bellman-Ford d Greedy approach...
-
a . What six steps are required to open a general ledger account? b . List the steps in the posting process.
-
As a junior accounting clerk for Action Sports Outfitters, you are being evaluated for a raise. Your boss wants to see how well you understand basic accounting terminology. He asks you to write a...
-
What types of workforce will have low turnover costs and why? What types of workforce will have high turnover costs?
-
6. What are the two properties used for establishing similarity of edge pixels? 7. What is edge? 8. Give the properties of the second derivative around an edge? 9. Define Gradient Operator? 10. What...
-
14. Define pattern. , 15. Define pattern class. 16. List the three pattern arrangements. 17. Give the decision-theoretic methods. 18. Define the training pattern and training set. 19. Define training...
-
1. Write short notes on image segmentation. 2. Write short notes on edge detection 3.Write Short notes on edge linking by local processing.
-
4. Write short notes on the applications of artificial neural networks in image processing.
-
What are the functions of a finance manager of a small firm?
-
Which of the five measures of center (the mean, the median, the trimmed mean, the weighted mean, and the mode) can be calculated for quantitative data only, and which can be calculated for both...
-
1A. If the researcher is concerned about the number of variables, the nature of the analysis, and completion rates, then, he/she is at which stage of the sampling design process (Figure 11.1 in the...
-
Describe the possible directions that formal communication can take in an organization and provide examples of each.
-
Compare and contrast oral, written, and nonverbal communication.
-
Identify which organizational outcomes (dependent variables) are most effectively achieved by each type of formal small group communication network.
-
What is the present value of $500 invested each year for 10 years at a rate of 5%?
-
GL1203 - Based on Problem 12-6A Golden Company LO P2, P3 Golden Corp.'s current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are...
-
A project with an initial cost of $27,950 is expected to generate cash flows of $6,800, $8,900, $9,200, $8,100, and $7,600 over each of the next five years, respectively. What is the project's...
Study smarter with the SolutionInn App