Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 27, 2024

When you deposit money in your bank account, the bank credits your account. Is the bank misusing the word credit in this context? Why does

When you deposit money in your bank account, the bank credits your account. Is the bank misusing the word credit in this context? Why does the bank use the term credit instead of debit to refer to your deposit?

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

Financial & Managerial Accounting

Authors: Carl Warren

12th Edition

1285534646, 978-1133952428

More Books

Students also viewed these Accounting questions

Question

★★★★★

The seagrass Thalassia testudinum is an integral part of the Texas coastal ecosystem. Essential to the growth of T. testudinum is ammonium. Researchers K. Lee and K. Dunton of the Marine Science...

Answered: 1 week ago

Question

★★★★★

In Exercises 916, use the formula for the general term (the nth term) of a geometric sequence to find the indicated term of each sequence with the given first term, a 1 , and common ratio, r. Find a...

Answered: 1 week ago

Question

★★★★★

A factory has three production lines that produce 50%, 30%, and 20%, respectively, of the items made in the factory during a day. It has been found that 0.7% of the items produced in the first line...

Answered: 1 week ago

Question

★★★★★

Dominick Corporation is authorized to issue 10,000 shares of $40 par value, 10% preferred stock and 200,000 shares of $5 par value common stock . On January 1, 2012, the ledger contained the...

Answered: 1 week ago

Question

★★★★★

1. Refer to the financial statements for a publicly traded company using the Muscat Securities Market official website. Imagine that an industry analyst has asked you to forecast sales for each of...

Answered: 1 week ago

Question

★★★★★

In Youngs double-slit experiment, slits are separated by 0.5 mm and the screen is placed 150 cm away. A beam of light consisting of two wavelengths, 650 nm and 520 nm, is used to obtain interference...

Answered: 1 week ago

Question

★★★★★

Identify a potential trade opportunity ,which you will be expected to research in order to justify the proposed trade and to provide the investors an overview of its potential,including...

Answered: 1 week ago

Question

★★★★★

Comprehension: Wooden chair manufacturing is a huge business for families living in the outskirts of Moradabad, Uttar Pradesh. These families, around a hundred in number, have been making wooden...

Answered: 1 week ago

Question

★★★★★

Consider a processing center that can be purchased at $25000 today and will have a 10 years of useful lifetime, in the end of which the processing center is expected to have a salvage value of $5000....

Answered: 1 week ago

Question

★★★★★

The Hope Manufacturing Co. uses a Raw and In Process (RIP) inventory account and expensed all conversion costs to the cost of goods sold account. At the end of each month, all inventories are...

Answered: 1 week ago

Question

★★★★★

Explain what stable data responding say about the environmental conditions under which it occurred. Identify (2) reasons why an investigator should be concerned about trends in the data that have no...

Answered: 1 week ago

Question

★★★★★

6. Think of a situation where you noticed that the other person or people did not like or understand your behaviour. Examine your own intentions behind the behaviour.

Answered: 1 week ago

Question

★★★★★

2. In this chapter, the reader should reflect on the following concepts: historical reason, goal orientation, core values and top performance.

Answered: 1 week ago

Question

★★★★★

1. To understand how to set goals in a communication process

Answered: 1 week ago

Previous Question Next Question