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What else can I help you with?
What accounts are not affected by closing entries?
the accounts affected by closing entries are temporary accounts like expenses
What accounts are affected by closing entries?
the accounts affected by closing entries are temporary accounts like expenses
What accounts affected in received payment on account?
"what accounts are affected and how when a payment on account is received from a customer
What should I do in response to the Equifax breach?
If you were affected by the Equifax breach, you should consider placing a credit freeze on your accounts, monitor your credit reports regularly, and be cautious of potential identity theft.
What accounts are affected and how when merchandise is purchased for cash?
no accounts, the only time an account would be affected is when you withdraw or deposit money into/from it, cash is nearly untraceable and does not affect your bank accounts
What accounts would be affected and how by a transaction to purchase supplies for cash?
This is one of the simplest transactions you can do in accounting. Because you are 1. purchasing supplies and 2. you are using cash.You already stated part of your answer in the question. The two accounts affected are 1. Cash and 2. SuppliesBecause you are spending cash, cash will decrease (credited) and since you are receiving supplies, supplies will increase (debit). Remember both of these accounts are asset accounts and therefore both maintain a debit balance. To increase an asset you must debit it, to decrease it you must credit it.
How many accounts are affected by a transaction?
2
What are the 4 things you should do in response to the Equifax hack?
If you are affected by the Equifax hack, you should freeze your credit, monitor your accounts regularly, consider signing up for credit monitoring services, and be cautious of phishing scams.
What accounts are affected when services are provided on account?
Accounts Receivable - Debit Service Revenue - Credit
How are animals selected for laboratory animal tests?
so humans are affected
What state is most regularly affected by hurricanes?
Florida
When purchases are made on credit what three accounts are affected on a balance sheet?
Assets are affected such as supplies are increased on debit side. Accounts payable is affected by being credited or increased. Owners equity is also affected by being credited or lowered on the balance sheet.
