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What are the four primary accounting financial statements?
1 - Income statement 2 - Balance sheet 3 - Cash flow statement 4 - Statement of owners equity.
What is the primary purpose of a transfer balance?
The primary purpose of a transfer transaction the moving of fund from one account to another. The accounts need not be at the same financial institution. The full balance of the account or just a partial amount can be transferred. Some financial institutions provide a service that automatically does a transfer from one account to another should one of the accounts balance reach a certain threshold.
My bank asked if I want to open a current accounts what does this mean?
A current accounts is one of the two primary components of the balance of payments, the other being capital account. This type of account is used to increase the country's net foreign asset.
What is Complementary accounts?
Complementary accounts refer to accounting entries that provide additional information or balance to a primary account. They help clarify financial statements by offering further context, such as accumulated depreciation, which complements the asset it relates to. These accounts ensure a more accurate representation of financial health by addressing aspects that might not be fully captured in the main accounts.
What is the primary source of nitrogenous waste?
The primary source of nitrogenous waste in animals is the breakdown of proteins and amino acids. This breakdown releases nitrogen-containing compounds like ammonia, urea, or uric acid, which must be excreted from the body to maintain proper nitrogen balance.
What is the definition of firsthand accounts?
primary source
What is a formal statement of an organization's primary values and the ethical rules its employees to follow?
A mission statement is a formal statement of an organization's primary values and the ethical rules its employees follow.
What are the primary books of accounts?
Primary books of accounts are those books in which business transactions are recorded at first, i.e., journals - special journals as well as general journal.
is there such a thing an alphanumeric primary key?
A primary key can be alphanumeric, containing both letters and numbers.
What is primary work?
Accounts Receivable + Inventory - Accounts Payables. (excludes prepaid expenses and accrued liabilities)
What is primary capital?
Accounts Receivable + Inventory - Accounts Payables. (excludes prepaid expenses and accrued liabilities)
What is the Primary purpose of the balance sheet?
Primary purpose of balance sheet is to show the overall performance of business from inception to til date.
