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Do most large money transactions involve ledger entries rather than the movement of physical currency?
Most large transactions do not actually involve the movement of physical currency.
What is the difference between debit and credit transactions?
Debit transactions involve money being taken directly from a bank account, while credit transactions involve borrowing money that must be paid back later.
What is Distinguish between financial and non-financial transaction?
Financial transactions involve the exchange of money or monetary value, such as buying goods, paying salaries, or transferring funds. These transactions directly impact a company's financial statements and are measurable in terms of currency. In contrast, non-financial transactions do not involve monetary exchanges; examples include signing a contract, issuing a press release, or completing a project milestone. While non-financial transactions may influence future financial performance, they do not have an immediate impact on financial records.
What are some examples of fraudulent misrepresentation in business transactions?
Fraudulent misrepresentation in business transactions can include false statements about a product's quality or performance, misleading financial information, or deceptive advertising claims. Other examples may involve concealing important information or making promises that cannot be fulfilled.
What is the main difference between credit and debit transactions?
The main difference between credit and debit transactions is that credit transactions involve borrowing money that must be paid back later, while debit transactions involve using funds directly from a linked bank account.
What are non business transactions?
non business transaction is something that does not involve the using of money for example, i was playing computer games during work hours. it wastes a lot of money because you are just playing games and you are using the electricity
Which structure does not require an immediate source of energy to function?
Passive transport processes such as diffusion do not require an immediate source of energy to function. These processes involve the movement of molecules from an area of high concentration to an area of low concentration, driven by the concentration gradient.
How would you describe a tactical decision?
Tactical decisions involve creating short-term strategies designed to bring a positive result or an immediate solution to a particular problem. They are seen in politics as well as in business.
Why bad debts written off considered as non cash adjust in the cash flow statement?
The cash flow statement as the name suggest only recognizes transactions that involve the movement of cash. eg. cash/cheque receipts, paymentsBad debts written off does not involve any movement of cash. You neigther receive cash nor pay cash... therefore, it is an non-cash adjustmentHope this helps!
How do financial assets come about within the functioning of the financial system?
all financial transactions between buyers and sellers involve the creation or destruction of a special kind of asset that is financial asset. or we can say that the househola and a business firm
Is commerce a subject of social science?
Yes, commerce is typically considered a subject falling under the social sciences. It encompasses areas such as economics, business management, marketing, and finance, which all involve the study of human behavior and interactions within the realm of trade and business transactions.
How are the circulatory system and the muscular system interdependent?
They both involve movement. Movement of the blood and Movement of the body
