Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 27, 2024

Please answer with reason for all why the option is correct and why the other options are incorrect 65. In an account, when credit side

Please answer with reason for all why the option is correct and why the other options are incorrect 65. In an account, when credit side total < debit side total, then, the balance is known as A.Negative balance B.Debit balance c.Positive balance D.Credit balance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

13th Edition

9780470374948, 470423684, 470374942, 978-0470423684

More Books

Students also viewed these Accounting questions

Question

★★★★★

Presented below is the ledger for Sparks Co. Ltd. Instructions (a) Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20, and provide explanations for each. (b)...

Answered: 1 week ago

Question

★★★★★

Which of the following statements is false? To compensate for the risk that they will receive less if the firm defaults, investors demand a lower interest rate than the rate on U.S. Treasuries. The...

Answered: 1 week ago

Question

★★★★★

Assume the same demand conditions as stated in Problem 1, but let the discount rate be 0.10 and the marginal cost of extraction be $4. How much would be produced in each period in an efficient...

Answered: 1 week ago

Question

★★★★★

On July 1, 2019, Tim Stein established his own accounting practice. Selected transactions for the first few days of July follow. INSTRUCTIONS 1. Record the transactions on page 1 of the general...

Answered: 1 week ago

Question

★★★★★

Please answer with reason for all why the option is correct and why the other options are incorrect 65. In an account, when credit side total Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

Use the information below to answer the following question(s). Sommer Corporation is deciding whether to automate one phase of its production process. The equipment has a sixminus year life and will...

Answered: 1 week ago

Question

★★★★★

Consider you have to set a power plant for powering up the up hilled areas of Nathia-Galli Abbottabad by harvesting the hydro-energy from Nathiya-Galli Water-fall. As a major gas pipeline of SNGPL...

Answered: 1 week ago

Question

★★★★★

Define diversity, identifying all of the key groups protected under the Human Rights and Anti-Discrimination legislation in Australia

Answered: 1 week ago

Question

★★★★★

Danica Corp. provided the following inventory balances and cost data for the month of June. Direct Materials Work in Process Finished Goods June 1 30 000 15 000 65 000 Production data for the month...

Answered: 1 week ago

Question

★★★★★

What are all the steps to initiating, planning, implementing and closing phases of bathroom remodeling?

Answered: 1 week ago

Question

★★★★★

The Horizons Bull Plus Fund seeks daily expected returns that are two times (200%) the performance of the market portfolio. If the risk free rate is 3.75% and the expected return on the market is...

Answered: 1 week ago

Question

★★★★★

2. Consider the market for coffee beans. Suppose that the prices of all other caffeinated beverages go up 30 percent while at the same time a new fertilizer boosts production at coffee plantations...

Answered: 1 week ago

Question

★★★★★

LO4.5 Show why we normally wont want to pay what it would cost to eliminate every last bit of a negative externality such as air pollution.

Answered: 1 week ago

Question

★★★★★

4. Suppose that you are the economic advisor to a local government that has to deal with a politically embarrassing surplus that was caused by a price floor that the government recently imposed. Your...

Answered: 1 week ago

Previous Question Next Question