0
What else can I help you with?
What is the sale of merchandise by a company on its own credit card that may result in a debit to service charge expense?
credit to interest revenue
What type of account is bad debt expense?
Bad debt expense is classified as an operating expense on the income statement. It represents the estimated amount of accounts receivable that a company does not expect to collect, reflecting the cost associated with credit sales that ultimately result in losses. This expense reduces the overall profitability of the company for the period in which it is recognized.
Net income will result during a time period when?
revenues exceed expenses.
What is the balance as a result of having credit of 84 and a debit of 29?
To find the balance, subtract the debit from the credit. In this case, the balance would be 84 (credit) - 29 (debit) = 55. Therefore, the resulting balance is 55.
How do you account for goods received and invoice received?
Goods Received: Debit Stock Credit Goods Received Invoice Received: Debit Goods Received Credit Trade Payables Result: Debit Stock (Asset) Credit Trade Payables (Liability)
What is the sale of merchandise by a company on its own credit card that may result in a debit to service charge expense?
credit to interest revenue
How does an expense increase impact the debit or credit side of the financial statement?
An increase in expenses will typically result in a debit entry on the financial statement. This means that the expense account will be debited, reflecting the increase in expenses incurred by the business.
What type of account is bad debt expense?
Bad debt expense is classified as an operating expense on the income statement. It represents the estimated amount of accounts receivable that a company does not expect to collect, reflecting the cost associated with credit sales that ultimately result in losses. This expense reduces the overall profitability of the company for the period in which it is recognized.
How does his or her perspective affect historians work?
he or her does something to make the history
The recording of an expense could result in a corresponding increase in?
revenue
Why is your credit history so important?
One's credit history is very important because the history provides an insight into how an individual, in both the past and right now, handled (handles) credit. As a result, over 80% of the decision made by a financial institution regarding a consumer loan is based purely on your historical (and current) use of credit.
What was the value of an English shilling in 1774?
One Shilling GBP in 1752 had the purchasing power of about £5.86 GBP today. NOTE - This historical conversion is the result of many calculations and considerations for which I cannot take credit. The resulting answer should only be regarded as an approximation.
What could you buy with a Sovereign in 1900?
One Sovereign (One Pound) GBP in 1900 had the purchasing power of about £75.11 GBP today. NOTE - This historical conversion is the result of many calculations and considerations for which I cannot take credit. The resulting answer should only be regarded as an approximation.
What was the value of a shilling in 1912?
One Shilling GBP in 1592 had the purchasing power of about £9.15 GBP today. NOTE - This historical conversion is the result of many calculations and considerations by a purpose designed program for which I can take no credit. The resulting answer should only be regarded as an approximation.
What happened to saul's spiritual perspective as a result of his encounter with Christ?
He was saved
Is recording an annual depreciation expense an accrued expense?
Yes. Annual depreciation is the method by which we allocate the cost of a tangible asset over the course of its useful life independent of the cash flows associated with it. As a result, it is considered an accrued expense.
What is eugenic criminology?
Eugenic criminology is a historical perspective that suggested criminal behavior is the result of genetic inferiority. It proposed controlling reproduction to eliminate criminal traits from the population. This concept has been widely discredited due to its unethical and pseudoscientific nature.
