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If an owner invests her computer and printer in the business there is an increase to a. cash and capital b. computer equipment and withdrawals c. cash and withdrawals . computer equipment and capital?
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∙ 6y ago
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Journal entry for purchases?
Example 1: A company purchased $12,000 equipment and paid in cash.Debit Equipment $12,000 (Increase in asset)Credit Bank $12,000 (Decrease in asset)Example 2: A company purchased $12,000 equipment in credit.Debit Equipment $12,000 (Increase in asset)Credit Supplier $12,000 (Increase in Liability)Example 3: A company purchased $12,000 equipment and paid in $10,000 Cast and $2,000 on credit.Debit Equipment $ 12,000 (Increase in asset)Credit Bank $ 10,000 (Decrease in asset)Credit Supplier $ 2,000 (Increase in Liability)
What happens when equipment is purchased on credit?
assets and liabilities increase
When the owners invest cash in a business do assets increase?
yes the will increase
If a company purchase equipment on account will the assets increase decrease or stay the same?
If the equipment is purchased on credit (on account) then the net assets will stay the same as the assets will increase by the same amount as the liabilities
If a company purchase equipment on account What is the assets here?
The asset account will be Equipment. You will debit this account to increase its value. The credit side of this transaction will be Accounts Payable. This transaction will increase the value of Accounts Payable, as well.
Should I carry agricultural equipment in my area?
It is very important to consider carrying agricultural equipment. Not only will this expand your business and your amount of customers, it will also increase the revenue for your business.
What services does the company Complete ICT provide?
Complete ICT provide you with a solution to your business problems via the computer. It can help improve a business and increase their business profits.
Should I rely on a website to strengthen my business sales leads?
Websites will increase any business due to the fact that just about everyone does shopping or searching by computer and phones today. The increase in websites will increase business and allow for the possibility of new jobs to be created to keep up with sales and the website.
What happens to aggregate income and withdrawals when exports increase?
there is no answer hahahaha / oh very intelligent - well done !!
How has the increase in computer systems affected business organization?
Put in a new hard drive in so the computer has more storage space, this will allow you to put more programs and files onto your computer and still have space.
Did steamboats make business in river cities increase or decrease?
increase business
What is increased when equipment is purchased on credit?
Increase in Assets & increase in Liabilities
How is the world of man rapidly becoming a global village and discuss its possible impact on business operation in nigeria?
globalisation has brought about increase in sales,profit in business throught the advent of computer.
How Does Merchant Cash Advance Help Benefit My Business Enterprise?
Merchant/business cash advance let you to add extra spending power. Now you can purchase that extra piece of business equipment you need, recruit more workers or get extra sources to help increase your business production.
When withdrawals exceed injections national income will do what?
When planned withdrawals are more than planned injections, there is too little aggregate demand. I'm no economics expert so i don't know whether this would lead to a downward mutipler or a negative accelerator effect. Withdrawals are savings, taxes and imports and it seems to me that if savings increase, there would be a negative accelerator effect, but if imports increase, there would be a downward multiplier, but don't take my word for it.
Why did they reduce a goalies equipment size?
They wanted to increase scoring to increase interest in the sport.
What Advantage of computer hardware?
reduce costs by automating routine tasks, such as record-keeping, accounting and payroll. improve customer service or supplier relationships. develop more effective communication within the business or with customers. increase business efficiency and staff productivity. increase employee morale.
