0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the difference between contribution and profit?
profit is the output after any business transaction while contrbution is the input before the business transaction
How can i find what happens to a business that refuses a transaction when you only have change to pay with?
They can refuse any transaction they choose.
When is journal entry made?
Journal entry is made as soon as when any business transaction occur in business.
What is a transaction?
A transaction is any activity in business that involves money. It occurs when something of value is exchanged with something else of value. The act of recording transactions is called bookkeeping.
Where can one buy check transaction registers?
One can purchase check transaction registers from any business supply store that sells such things. Also, one can go online to eBay and purchase any needed equipment.
What is the term that refers to doing any kind of business online?
e-business is the correct answer
What is important to register a business?
It is very important to register your business in order to gain lega acess to operate nd transfer any transaction in nd out also give boldness to your customer to do business with you .
What happends when recording a journal entRy?
When recording done as journal entry any business transaction is recorded in books of accounts and become part of business books of accounts.
Can merchants charge a fee for using a debit card?
No. When I operated a business from 2009-2011 in Ontario my debit machine regulations stated very clearly that I was not permitted to surcharge the customer with any minimum transaction or transaction fee.
How do you correct errors in accounting?
To rectify the errors in accounting adjusting entries are made to adjust the amount in any transaction or reversing the original entries etc.
Why do debits equal credits?
In double entry accounting system any transaction should be equal for both debit as well as credit side to be recorded otherwise no business transaction can be recorded. This assures the basic accounting equation as well.
What is a cash register slip?
A Cash register slip is a receipt used to prove of any transaction i.e. business or office. That helps when you purchase or sale any product give the information. I have business and used cash register which I have brought from bpafreerolls.com.
