The left side of an account is used to record which of the following? a. Debit or
Question:
The left side of an account is used to record which of the following?
a. Debit or credit, depending on the type of account
b. Increases
c. Credits
d. Debits
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
The answer to this question is d Debits An accounting system is based on t...View the full answer
Answered By
Anurag Agrawal
I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day.
I am highly proficient in school level math and science and reasonably good for college level. In addition to this I am especially interested in courses related to finance and economics. In quest to learn I recently gave the CFA level 1 in Dec 19, hopefully I'll clear it. Finger's crossed :)
4.80+
2+ Reviews
10+ Question Solved
Related Book For
Financial And Managerial Accounting
ISBN: 9780135080191
2nd Edition
Authors: Charles T Horngren, Jr Walter T Harrison
Question Posted:
Students also viewed these Business questions
-
The following excerpt is from a conversation between Barb Thiel, the president and chief operating officer of Diamond Construction Company, and her neighbour, Lloyd Crum. Lloyd: Barb, Im taking a...
-
The following excerpt is from a conversation between Peter Kaiser, the president and chief operating officer of Sprocket Construction Co., and his neighbor, Doris Nesmith: Doris: Peter, Im taking a...
-
The following excerpt is from a conversation between Kate Purvis, the president and chief operating officer of Light House Company, and her neighbor, Dot Evers. Dot: Kate, I'm taking a course in...
-
In December 2022, more than a year after Ontarios vaccine management system was breached, the Ontario government is notifying around 360,000 people that their data was stolen and potentially given to...
-
A gas initially at a supersonic velocity enters an adiabatic diverging duct. Discuss how this affects (a) the velocity, (b) the temperature, (c) the pressure, and (d) the density of the fluid.
-
Organizations are made up of groups with diverse interests, goals, and values. Managers disagree about problem priorities and may not understand or share the goals and interests of other managers....
-
To pay off my current credit and charge card accounts, it would take me (A) 4 months or less. (B) 5 to 8 months. (C) Over 8 months.
-
There are 200 pounds of food on an island that must be allocated between 2 marooned sailors. The utility function of the first sailor is given by Utility = F1 Where F1 is the quantity of food...
-
Jimbo Incorporated exchanged an old asset ($180,000 FMV and $145,000 adjusted basis) plus $10,000 cash for a new asset with a $190,000 FMV. What is Jimbo's basis in the new asset if the transaction...
-
Which of the following statements is correct? a. Prepaid Expenses are decreased with a debit. b. Unearned Revenue is increased with a debit. c. Rent Expense is increased with a credit. d. Accounts...
-
Which of the following accounts is a liability? a. Accounts Receivable b. Service Revenue c. Unearned Revenue d. Prepaid Rent Expense
-
The financial statements of Zetar plc are presented in Appendix C. The companys complete annual report, including the notes to its financial statements, is available at www.zetarplc.com. Instructions...
-
Analysis of the Volkswagen Scandal Possible Solutions for Recovery The Volkswagen scandal is a notorious example of how corporations can shape the ethical and political issues of the environment. The...
-
Shelby isn't sure if her forklift can safely handle the pallet she is being asked to move. What can she check to be sure
-
If schedule acceleration increases costs, how could schedule elongation reduce costs? If schedule acceleration increases costs, how could schedule elongation reduce costs? For the same total...
-
Laser Care Hospital is looking to raise tax-exempt municipal funds in the bond market. As an issuer of the bond, which of the following is not a part of the bond process that Laser Care Hospital will...
-
Find the critical value t a/2 corresponding to a 95% confidence level. (13.046, 22.15) X= 17.598 Sx= 16.01712719 n=50
-
An ideal-gas mixture of helium and argon gases with identical mass fractions enters a turbine at 1500 K and 1 MPa at a rate of 0.12 kg/s, and expands isentropically to 100 kPa. The power output of...
-
You are maintaining a subsidiary ledger account for Police-Training Expenditures for 2013. The following columns are used: Inventory purchases are initially recorded as expenditures. Record the...
-
List and describe the four employee responses to dissatisfaction.
-
Is job satisfaction a global concept?
-
Describe the three major emotional terms. How are they related and how do they differ?
-
thumbs up if correct A stock paying no dividends is priced at $154. Over the next 3-months you expect the stock torpeither be up 10% or down 10%. The risk-free rate is 1% per annum compounded...
-
Question 17 2 pts Activities between affiliated entities, such as a company and its management, must be disclosed in the financial statements of a corporation as O significant relationships O segment...
-
Marchetti Company, a U.S.-based importer of wines and spirits, placed an order with a French supplier for 1,000 cases of wine at a price of 200 euros per case. The total purchase price is 200,000...
Study smarter with the SolutionInn App