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double-entry accounting

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List the four parts of a journal entry?

The four parts of a journal entry are debit, credit, date and source document. Date refers to the date the transaction occurred. Debit is a subtraction and credit is an addition. The source document is the actual record of the transaction.


What is the four parts of a journal entry?

(1) date (2) debit (3) credit (4) source document


Is a pin required for credit transactions?

It is very rare in the U.S. to have a credicard that requires a pin, but it is very common in parts of Europe.


What are the Earned Income Tax Credit requirements?

To qualify to claim the EIC, you must first meet all of the rules explained in Part A, Rules for Everyone . Then you must meet the rules in Part B, Rules If You Have a Qualifying Child , or Part C, Rules If You Do Not Have a Qualifying Child . There is one final rule you must meet in Part D, Figuring and Claiming the EIC . You qualify for the credit if you meet all the rules in each part that applies to you.If you have a qualifying child, the rules in Parts A, B,and D apply to you.If you do not have a qualifying child, the rules in Parts A, C, and D apply to you.Table 36-1, Earned Income Credit in a Nutshell. Use Table 36-1 as a guide to Parts A, B, C, and D. The table is a summary of all the rules in each part.Go to the IRS.gov web site and use the search box for Publication 17 go to Chapter 36 discusses the earned income credit


What is parts costing?

Parts costing is when a company put aside some a money which will be spent on parts for a job.

Related Questions

List the four parts of a journal entry?

The four parts of a journal entry are debit, credit, date and source document. Date refers to the date the transaction occurred. Debit is a subtraction and credit is an addition. The source document is the actual record of the transaction.


Is Spare parts Inventory debit or credit?

If the inventory is fiananced it is debit... If you own it is credit...


What is the four parts of a journal entry?

(1) date (2) debit (3) credit (4) source document


What are the parts of a journal entry?

There are two parts of journal entries in double entry accounting system. 1 - Debit part 2 - Credit part


What are the parts of pos terminal?

A POS (Point of Sale) terminal typically consists of several key parts: a hardware component, which often includes a touchscreen display, card reader (for credit/debit cards), and a printer for receipts. It may also include a cash drawer and peripherals like barcode scanners for inventory management. The software component facilitates transaction processing, inventory tracking, and sales reporting. Together, these elements work to streamline sales and enhance customer service.


Can you use a debit card to book a hotel room?

Of course, but it's always better to pay with cash, as you never know, in some parts of the world they can clone your card and take lots of money from your account! But yes the hotel can and should accept credit cards.


How do you divide the word electrocardiogram into its component word parts?

The word "electrocardiogram" can be divided into its component parts as follows: "electro-" refers to electricity or electrical activity, "cardio-" pertains to the heart, and "-gram" indicates a recording or a written record. Together, these parts describe a recording of the electrical activity of the heart.


What is a fake master card number?

These numbers are for testing purpose only and you wouldn’t be able to make an actual transaction using these number as it will return insufficient fund.All credit card numbers are divided into 3 parts; issuer Identifier, Account Number or Check Digit.


How do markets reduce transaction costs?

Transaction costs can be reduced in a number of ways by offsetting the cost to other parts of the business. Reductions like cheaper product sourcing and staff cuts are necessary.


Can i use my goodyear credit card at o'reilly auto parts stores?

No, you cannot use your Goodyear credit card at O'Reilly Auto Parts stores. The Goodyear credit card is specifically designed for use at Goodyear locations and authorized dealers. For purchases at O'Reilly Auto Parts, you would need a different form of payment.


What effect would occur on the inventory if the wrong part numbers were used when recording parts on a repair statement?

The inventory count for at least 2 parts would be incorrect


What effects would occur on the inventory if the wrong part numbers were used when recording parts on a repair statement?

The inventory count for at least 2 parts would be incorrect