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If total assets increased by 175000 during a specific period and liabilities decreased by 10000 during the same period the period's change in total owner's equity was a 185000 increase.?
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What is word debit credit?
As for as the meanings of debit and credit is concerned, in accounting it has no specific meanings. Rauther they reflect the situation as follows Debit is a situation where assets, expenses, drawings and losses are increased OR Liabilities, capital , revenue or profit are decreased. Credit is a situation when assets, expenses, drawings and losses are decreased OR Liabilities, capital , revenue or profit is increased. the above statement can be mentined as folows. __________________________________________ Dr. Cr. ------------------------------------------------------------------- Assets Expense Drawings + (-) Losses Capital Liabilities (-) + ___________________________________________ submitted by nadeemlatifkhan.com Nadeem Latif Khan, SIalkot. PAkistan Revenue Profits
What is the difference between current liability and total liability?
Current Liability: Current liability is a specific liability and it is short term and mostly it is paid within the year. Total Liability: Total liability is the sum of all liabilities like current liabilities, outstanding liabilities etc.
Is long term note payable a current liabilities?
They are similar to short-term interest-bearing notes payable except that the term of the notes exceeds one year. a long term note is often secured by a mortgage that pledges title to specific assets..Yes they probably will. The only difference between them is that current liabilities are due within one year and non-current liabilities are due in more than one year. So unless a non-current one is..Current liabilities are liabilities that the company will pay off in a short period of time, usually a year or less, such as accounts payable. Long term liabilities are liabilities that the company..
How can you define Journal Entry?
They are similar to short-term interest-bearing notes payable except that the term of the notes exceeds one year. a long term note is often secured by a mortgage that pledges title to specific assets... Yes they probably will. The only difference between them is that current liabilities are due within one year and non-current liabilities are due in more than one year. So unless a non-current on...Current liabilities are liabilities that the company will pay off in a short period of time, usually a year or less, such as accounts payable. Long term liabilities are liabilities that the company..
What is accounts payable?
Account Payable is a major part of Accounti g cycle that pertains to obligations arising from the promise to pay later on in connection with the purchases and or services rendered, and in more technical sense, the A/P is a measure of time for making cash outflows into cash inflows.
What is word debit credit?
As for as the meanings of debit and credit is concerned, in accounting it has no specific meanings. Rauther they reflect the situation as follows Debit is a situation where assets, expenses, drawings and losses are increased OR Liabilities, capital , revenue or profit are decreased. Credit is a situation when assets, expenses, drawings and losses are decreased OR Liabilities, capital , revenue or profit is increased. the above statement can be mentined as folows. __________________________________________ Dr. Cr. ------------------------------------------------------------------- Assets Expense Drawings + (-) Losses Capital Liabilities (-) + ___________________________________________ submitted by nadeemlatifkhan.com Nadeem Latif Khan, SIalkot. PAkistan Revenue Profits
Why are the words hot and cold not scientific terms?
Hot and cold are very broad terms. Use more specific words such as increased temp. or decreased.
How does specific gravity effect head pressure?
Head pressure=specific gravity*1000*gravity*height. Therefore if specific gravity is increased head pressure will increase.
When to use wherein in a sentence?
"Wherein" is used in a sentence to introduce a more detailed explanation or description of something previously mentioned in the text. It is typically used in formal or legal contexts to provide clarification or specificity.
If labor is increased will outputs increase?
Yes it will increase bcz if you have labour in groups or separate so they will know there specific work and work will complete faster.......Taimoor Ahmed Khan The City School BWP
Why the flow rates of water affect the difference of inlet and outlet temperatures?
The flow rate of the water determines the cooling load. As you increase and decrease the flow, the load is being increased and decreased. The system is designed to be most efficient at a certain specific load, and it is at that point that the COP will be at it's maximum. Any flow rate above and below that point will decrease the COP.
What is the difference between current liability and total liability?
Current Liability: Current liability is a specific liability and it is short term and mostly it is paid within the year. Total Liability: Total liability is the sum of all liabilities like current liabilities, outstanding liabilities etc.
What happens to the specific gravity of urine when kidneys are unable to filter solutes?
In medicine, specific gravity is used to measure the function of kidneys. Decreased specific gravity means that there is a lower concentration of solutes in urine, which may indicate decreased kidney function or renal failure.
What is diffuse hypokinesis?
decreased movement all over, not in one specific spot
What is a balanced sheet?
Balance sheet is a financial statement. Which shows the total assets, total liabilities and total owner equity a firm has. Further more, balance sheet shows a firm's financial position on a specific date. Balance sheet has an equation: Assets = Liabilities + Owner Equity.
Why net profit shown liabilities side in balance sheet?
Net profit is not shown on the liabilities side of the balance sheet. Net profit is shown on the income statement as a measure of a company's profitability over a specific period. The balance sheet, on the other hand, presents a company's financial position at a specific point in time, showing its assets, liabilities, and equity.
Hyperplasia is defined as?
Hyperplasia is the increase in the number of cells in an organ or tissue, leading to an enlargement of that specific area. It is a physiological response to stimuli and can occur as a result of increased demand or as part of the body's normal growth and development process. Hyperplasia differs from hypertrophy, which is the increase in cell size without an increase in cell number.
