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Which accurately describes a letter written during the time a historical event occurred?
This is a first hand account. The writer was there during the action so can present a unique point of view.
Which accurately describes a letter written during the time a historical event occured?
This is a first hand account. The writer was there during the action so can present a unique point of view.
Cancel YouTube account?
A YouTube account is now synced to a person's Google account. The only way to delete the YouTube account is to also delete the Google account.
What is Thomas Paine's response to the argument that the British have protected America?
That they did not do it on the colonists account, but on their own account
When land is purchased to construct a new building the cost of removing any structures on the land should be charged to the building account?
Yes, the cost of removing any structures on the land should be charged to the building account. This is because such expenses are necessary for preparing the site for construction, and they are considered part of the overall cost of acquiring the land for the new building. Properly capitalizing these costs ensures that the total investment in the building reflects all expenditures necessary to make the land ready for its intended use.
How can I categorize software subscriptions in QuickBooks?
In QuickBooks, you can categorize software subscriptions by creating a new account under the Chart of Accounts section. Choose the appropriate account type, such as an expense account, and assign it a name that reflects the software subscription. Then, when entering transactions related to the subscription, select this account to track the expenses accurately.
In economics what is a capital account?
A capital account in economics, is one of two primary components, the balance of payments, and the current account. The current account reflects the nation's net income, and the capital account reflects the net change in the national ownership of assets.
When a check is received to pay customers account if full check received is recorded?
When a check is received to pay a customer's account in full, the total amount of the check should be recorded as a debit to the cash account and a credit to the accounts receivable account. This reflects the increase in cash and the reduction in the outstanding balance owed by the customer. It's important to ensure that the transaction is accurately documented in the accounting records to maintain proper financial tracking.
When a patient account is turn over to collection agency what adjustment is posted to the account?
When a patient account is turned over to a collection agency, an adjustment is typically posted to reflect the transfer of the debt. This adjustment often includes a write-off of the account balance, indicating that the provider has deemed the debt uncollectible. Additionally, an entry may be made to show the fees associated with the collection process, if applicable. This ensures the account accurately reflects its status and any remaining liabilities.
Write off Stock double entry?
When writing off stock, the double entry involves debiting the "Inventory Write-Off" account (an expense account) to recognize the loss and crediting the "Inventory" account to reduce the asset value. This reflects the decrease in inventory on the balance sheet and acknowledges the expense on the income statement. The entry ensures that financial statements accurately represent the company's financial position.
What is account ratios?
Account ratios are a comparison of incoming and outgoing money. This is used to accurately track how much money will be in the account at any given time based on the ratio.
Does discount allowed entered in the realization account when dissolving a partnership?
Yes, the discount allowed is typically recorded in the realization account when dissolving a partnership. It represents a reduction in the amount receivable from debtors, which affects the overall assets of the partnership. This adjustment helps ensure that the final account accurately reflects the net realizable value of assets during the dissolution process. Ultimately, it impacts the distribution of profits or losses among the partners.
How do you post a refund check to the general ledger?
To post a refund check to the general ledger, first, identify the appropriate accounts affected by the transaction, such as the cash account and the expense or revenue account being refunded. Record a journal entry that debits the cash account (increasing it) and credits the relevant expense or revenue account (decreasing it). Ensure to include a clear description of the transaction for future reference. Finally, verify that the entry balances and accurately reflects the refund in the financial records.
What is an account receivable?
account receivables reflects those amount which the company has sold and payment for that sold items has not yet recieved so that amount will be booked as account recievables
Can you explain what an account number is on a debit card?
An account number on a debit card is a unique series of digits that identifies your specific bank account. It is used to link your card to your account and allows transactions to be processed accurately.
What information should I include when writing my account number on a check?
When writing your account number on a check, include all the digits of your account number accurately to ensure the payment is processed correctly.
Does a credit to a revenue account increase or decrease an account?
A credit to a revenue account increases the account. In accounting, revenue accounts typically have a normal credit balance, so when a revenue account is credited, it reflects an increase in earnings. Conversely, debiting a revenue account would decrease it.
