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What else can I help you with?
Which of the following best describes the tenture of office act of 1867?
It would have helped had you given "the following". Was one of them "a transparently partisan farce"? Because that would have been a good answer.
Muckraker journalists would have been likely to cover all of the following subjects EXCEPT?
The "Muckraker" journalists would have been likely to cover all of the following subjects EXCEPT
Which of following is a effect of fratricide?
The question asks about the "following". In such circumstances would it be too much to expect that you make sure that there is something that is following?
How do you make a trial balance from T Accounts?
You would add up both columns on the T account and put the highest figure as the total for BOTH columns. Then in the column which was less you add a balancing figure call Balance Carried Forward to make that column match the other. Below the totals you would put Balance Brought Foward which is the same as the balance carried forward but it should go on the other side. You then list all the Balance Brought Fowards figures, keeping them in their debit or credit side. That list becomes the trial balance.
What is the truce signed by the pilgrims following the landing?
That would be The Mayflower Compact.
Do you decrease a liability account with credit?
No, a liability account is decreased with a debit, not a credit. In accounting, liabilities represent obligations, and to reduce them, you would record a debit entry. Conversely, credits increase liability accounts. Therefore, to decrease a liability, you would use a debit entry.
What type of accounts would would have a debit balance?
Accounts that typically have a debit balance include asset accounts (like cash, accounts receivable, and inventory), expense accounts (such as rent, utilities, and salaries), and losses accounts. Additionally, contra asset accounts, like accumulated depreciation, also carry a debit balance. In contrast, liability and equity accounts usually have a credit balance.
What are the following accounts would be increased with a debit?
Accounts that would be increased with a debit include assets, expenses, and losses. For example, when cash is received, the cash account (an asset) is debited, increasing its balance. Similarly, when expenses are incurred, the corresponding expense account is debited, reflecting a rise in total expenses. In contrast, liabilities, revenues, and equity accounts are typically increased with a credit.
Which one of the following accounts would appear in an income statement debit column?
In an income statement, the debit column typically includes accounts that represent expenses or losses. Common examples include cost of goods sold, operating expenses, and interest expenses. These accounts reduce net income and therefore are recorded as debits. Revenue accounts, on the other hand, would appear in the credit column, reflecting income generated by the business.
What would the adjusted entry be for product sold on credit?
When product sold:[Debit] Accounts receivable[Credit] Sales revenueAdjusted Entry:[Debit] Cash / bank[Credit] Accounts receivable
What would be the journal entry of payment?
Debit expense or accounts payableCredit cash / bank
Who of the following accounts would be closed at the end of the accounting period?
Accounts receivable
What accounts will normally maintain a credit balance prepaid taxes interest income rent expense equipment?
Prepaid taxes and equipment are asset accounts, so would normally have a debit balance. Rent expense is an expense account, so would normally have a debit balance. Liability, equity, and income accounts normally have credit balances.
What is the accounting journal entry to record audit fees with VAT?
To record audit fees with VAT, you would make the following journal entry: Debit the "Audit Fees Expense" account for the net fee amount, debit the "VAT Input Tax" account for the VAT amount, and credit the "Accounts Payable" or "Cash" account for the total amount (audit fee plus VAT). For example, if the audit fee is $1,000 and VAT is $200, the entry would be: Debit Audit Fees Expense $1,000, Debit VAT Input Tax $200, and Credit Accounts Payable $1,200.
What is the Accounting entry for down payment to vendor?
Debit Deposits (an asset account) and credit Cash. You could also debit Accounts Payable for the deposit. Then post the final billing as a credit to Accounts Payable - the net difference is what would be due to the vendor.
What is the journal entry for paid back a portion of the accounts payable?
To record the payment of a portion of accounts payable, the journal entry would debit the Accounts Payable account to decrease the liability and credit the Cash account to reflect the cash outflow. For example, if $1,000 of accounts payable is paid, the entry would be: Debit: Accounts Payable $1,000 Credit: Cash $1,000 This entry reduces both the outstanding liability and the cash balance.
Which normally has a credit balance - accounts receivable or notes payable?
Notes Payable is a liability, so it would normally have a credit balance. Accounts Receivable is an asset which would normally have a debit balance.
