Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 22, 2024

what is the double entry for materials returned to a supplier which ha been purchased on credit? a) debit creditors (payables). credit purchases return b)

what is the double entry for materials returned to a supplier which ha been purchased on credit? a) debit creditors (payables). credit purchases return b) debit debtors (receivables). credit purchases...

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Fundamentals of Cost Accounting

Authors: William Lanen, Shannon Anderson, Michael Maher

3rd Edition

9780078025525, 9780077517359, 77517350, 978-0077398194

More Books

Students also viewed these Accounting questions

Question

Consider the following (unoptimized) MIPS assembler program: 2 3 4 5 6 6 - 7 BA 8 0 9 10 10 .text .globl main #int procB (int a, int b) # { # # # # # # } int = 0; c = a + b return C; 44 11 procB: 12...

Answered: 1 week ago

Question

★★★★★

A political pollster is conducting an analysis of sample results in order to make predictions on election night. Assuming a two-candidate election, if a specific candidate receives at least 55% of...

Answered: 1 week ago

Question

★★★★★

Market Values and Book Values Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $7 million. The machinery can be sold to the Romulans today for $3.7 million. Klingons...

Answered: 1 week ago

Question

★★★★★

Andrew tosses three coins. Find the probability that all three coins land heads if we know that (i) the first of the three coins landed heads; (ii) at least one coin landed heads.

Answered: 1 week ago

Question

★★★★★

A four - year financial project is forecast to have net cash inflows of $20,000; $25,000; $30,000; and $50,000 in the next four years. It will cost $75,000 to implement the project, payable at the...

Answered: 1 week ago

Question

★★★★★

Interest rate risk says that if market interest rates rise the price of outstanding bonds will fall. This means that interest rates and bond prices have an relationship? Select one: O A. Exchange...

Answered: 1 week ago

Question

★★★★★

ABC.COM Home Appliance Company has decided to migrate their network from IPv4 to IPv6 to meet a recent development in Internet of Thing (IoT). Due to the budget, only the company's HQ and two of its...

Answered: 1 week ago

Question

★★★★★

According to the text, job descriptions are one set of decisions required for work design. Which of the following are NOT included in the job description? Pay range classification List of tork tasks...

Answered: 1 week ago

Question

★★★★★

1. What are some issues that you must consider when determining an appropriate sample size for your project? 2. When would a sample not be large enough? 3. Can a sample be too large? 4. How would you...

Answered: 1 week ago

Question

★★★★★

assume strands is a hair salon, provides cuts, perms, ect... annual fixed cost are $ 150,000 and variable cost are 40% of sales revenue. Last year sales revenue total $ 300,000. a- determine...

Answered: 1 week ago

Question

★★★★★

Required information The following partially completed T-accounts summarize last year's transactions for Kelshaw Company: Raw Materials Beg Bal (1) 4,000 18,000 20,000 (2) Accounts Payable 18,000 (1)...

Answered: 1 week ago

Question

★★★★★

You are designing the system for controlling the traffic lights at an intersection. Give one reason why you would use a microcontroller rather than a microprocessor for this system. What is a...

Answered: 1 week ago

Question

★★★★★

A. Complete the table below: Identify the title of the accessed document relevant to each requirement category for business meetings For each document, outline all requirements you must follow when...

Answered: 1 week ago

Question

★★★★★

Which of the following is not a right of an ordinary shareholder? Select one: a. Right to receive dividends earlier. b. Right to vote and elect the board of directors. c. Residual claims against...

Answered: 1 week ago

Question

★★★★★

Identify the Critical Infrastructure Physical Protection System Plan.

Answered: 1 week ago

Question

★★★★★

=+a. The firm pays 70,000 in interest.

Answered: 1 week ago

Question

★★★★★

=+P111 Hemingway Corporation is considering expanding its operations to boost its income, but before making a final decision, it has asked you to calculate the corporate tax consequences of such a...

Answered: 1 week ago

Question

★★★★★

=+b. What is Hemingways current average tax rate?

Answered: 1 week ago

Previous Question Next Question