Which among the complying with account groups typically has a credit balance?O A. Assets and also liabilitiesO B. Equity and assetsO C. Assets and also expensesD. Liabilities and also revenues
Want to see this answer and also more?
Experts space waiting 24/7 to carry out step-by-step options in as rapid as 30 minutes!*
See Answer*Response times might vary through subject and question complexity. Median solution time is 34 minutes because that paid subscribers and also may be much longer for promotion offers.
You are watching: Which one of the following account groups normally has a credit balance
Q: On January 1, 2019, fearbut Corporation had actually retained earnings of$7,800,000. Throughout 2019, fearbut repo...
A: Retained income refer come the quantity earned by the company till the date of ready of the...
Q: A & S agency has taken a loan the D10,000,000 native Trust standard Chartered financial institution Gambia Ltd. In ~ ...
A: A & S company has take away a loan the D10,000,000 native Trust conventional Chartered financial institution Gambia Ltd. At ...
Q: Calculate the net commission native the following information:ParticularsOMRParticularsOMRSalary...
A: Commission earnings is the main resource of revenue for agents that room indulged in insurance business. I...
Q: If the worth of legal responsibility is 30000 OMR andAssets are 100000 OMR. I beg your pardon of thefollowing is the am...
A: We understand that the bookkeeping equation is Assets = legal responsibility + shareholder EquityThat is we can s...
Q: Mr. Daniel has wanted shares in alphabet Corporation. The plank of directors of abc is reasoning of sel...
A: Stockholder’s equity is a part of balance sheet which reflects the full owner’s equity the is investe...
Q: Texas firm has all set the flexible spending plan formula for manufacturing costs: costs= 340,000 + 9X, wh...
A: Budgets space the prediction or estimates that are produced future duration of time. Budget variance mean...
Q: Which of the following statements worrying bonds is FALSE?A. Bonds have the right to be issued either at par, p...
A: Bonds space issued by the corporates as measure to raise funds for the business. Unlike shareholder b...
Q: Mr. Pacman filed a collection action against “PDP” Corporation. Upon execution the the court’s decis...
A: Acquisition way the holding agency buying the an ext than 50% share capital of subsidiary company a...
Q: Gallatin Carpet clean is a small, family-owned service operating out of Bozeman, Montana. For it...
A: “Since you have posted a inquiry with multiple sub-parts, we will certainly solve first three subparts for yo...
Q: Extract that Balance paper items together at 31 December 2020ORLand35000Account receivables3500Capital...
A:
Q: X agency purchased 3 trucks on January 1,2022 as following:Useful lifeSalvage ValueDepreciation ...
A: Evey addressed asset loses the end their worth over the duration of time. Depreciation is taped in publications of...
Q: Rona Company noted the following charges come the “repair and also maintenance account”.Service contrac...
A: Notes:Initial style fee is not yet recorded due to the fact that there is no extension of the office building ma...
Q: All of the complying with refer to the face rate of attention on a link except:a. Declared rateb. Effectiv...
A: Face rate of attention is the rate of interest utilizing which agency calculates and also pays its routine c...
Q: he audit team is prepare to command its 2020 audit because that ABC agency LLC. Howeveeam has not receive...
A: ExplanationHere, the audit team counts on the company for it's 2019 audit fees pending. So when th...
Q: On 31 December 2021 complete of rental OMR 4,510 to be owing, and also the rental chargeable every year (2011) to be O...
A: Rent is an cost which is paid due to the fact that of making use of the asset i beg your pardon is not having own through the human being or...
Q: From the adhering to identify the price that is no a expense of PPE?Professional feesNonrefundable taxe...
A: Introduction:-PPE method Property, plant, and equipment which space a company's tangible assets and also lo...
Q: 18. Using the following information, finish the income statement, statement of owner's equity, and...
A: Income statement in business shows all income and also expenses the business and at the finish it reflects net i...
Q: The Municipality that Cainta has an existing vacant lot v a moving value of P15,000.00. Emmanuel ...
A: The provided infoCarrying value of vacant land P15000Operator's full Collection P100000Constructio...
Q: Can you help determine
A: The perform valuation method is used to evaluate the close up door inventory and cost of items sold base...
Q: Orr corporation sold tools for $30,000. The tools had an original expense of $90,000 andaccumu...
A: At the time of sale of resolved assets, carrying value is contrasted with sale worth in order to calculat...
Q: “The classic income statement layout arranges the data in a way that enables management to more e...
A: Income statement - It is a financial explain that shows income and also expenditure the the firm for ...
Q: A tree asset price $288,000 and is approximated to have a $36,000 salvage value at the finish of itsyear ...
A: The depreciation expense is charged on resolved assets as reduction in worth of resolved assets v its u...
Q: Explanation on how this problem is solved
A: The details concerning Plant ar are given.Required 1. Cash received from sale of Equipment.2....
Q: Moontek llc is into manufacturing cotton textiles. The firm reported the it had an OMR 900,000 l...
A: The accounting follows the various characteristics of bookkeeping as completeness, Materiality etc.
Q: Requirement 1. Recognize each account together an heritage (A), legal responsibility (L), or equity (E).Asset (A), Liabi...
A: All assets and expense account will generally have debit balances and all incomes and also gains will nor...
Q: Q4
A: The answer for the multiple selection question and also relevant explanation are presented hereunder :Insur...
Q: Compute because that the:a. Net cash circulation from operating activitiesb. Net boost (decrease in cash)
A: Cash flow statement is the statement which shows all cash inflows and also cash outflows of business duri...
Q: Can you aid with the systems from the images attached
A: SOLUTION-WEIGHTED mean PERPETUAL - THE AVERAGE cost WILL be CALCULATED EVERY TIME THE average C...
Q: From the following, which is the correct type of IFAC?a.International Federation automatically Contro...
A: IFAC: The IFAC i.e. International Federation the Accountants which is developed to enhance the qu...
Q: Which the the following form of auditors evaluate the routine tasks and carry out suggestion for th...
A: Routine tasks are those tasks which are carried out by the company on daily basis.Su...
Q: Which of the complying with is consisted of in the cash operation from financing activities section the the statem...
A: sale of equipment: is concerned investing since the to buy of devices is considered investin...
Q: On 5 December 2020, Salalah Tradingcompany sold products to a customer onaccount for 37800 OMR.Which...
A: Hi studentSince there are multiple questions, we will certainly answer only very first question.
Q: Help please
A: Weighted average expense of inventory an approach in which weighted average price per unit is provided for calcul...
Q: Netflex computer system Supplies produces and also sells office equipment and also is prepare the budget fornext mo...
A: Disclaimer : "Since you have actually posted a inquiries with lot of sub-parts, we will certainly answer the first ...
Q: What room the interior auditors’ responsibilities (name at the very least two)? Why go the inner auditors...
A: Auditor's internal regulate Responsibilities is an audit that the effectiveness of internal control ove...
Q: The only method to prevent fraud in carriers is solid corporate administration mechanism. The straightforward pilla...
A: Auditing is critical process, that every company should bring on. The jae won statements might c...
Q: Write the solution of one-half that two-thirds of three out the four-fifths that 200
A: Solution:We understand that,One-half = 1/2Two-thirds = 2/3Four-fifths = 4/5 Question:One-half of...
Q: Jake’s Roof fix has provided the complying with data worrying its costs: solved Costper Month...
A: An activity variance is a variance in between the flexible spending plan numbers and also planning budget plan numbersA...
Q: Which of the complying with is the correctdefinition the journals?Select one:O A. Journals are the list...
A: As post multiple independent questions we are answering only an initial question kindly repost the unan...
Q: More Dividend instances – dividends in ArrearsDeWine Corporation had the following stocks issued and...
A: Dividend is the return listed by the firm to the shareholders for the funds provided by the sha...
Q: The auditor prepares the jae won statements because that DecoPaints SAOG while also serving as the auditor ...
A: Audit is the review and also examination of books of account and financial info of the business in...
Q: ISA 250 i 10 consists the elements of ________a.General principles and also responsibilities that a...
A: ISA advert to worldwide Standards ~ above Auditing.
Q: Q8
A: Insurance company is a kind of company in which agency provides assurance come another company or i...
Q: The complying with is the statement of an extensive income of eco-friendly Limited:Green LimitedState...
A: Cash circulation statement: that is the declare that reflects the network cash place of the company
Q: DebitP 31,80056,70026,4003,45048,900CreditCashAccounts ReceivableSuppliesPrepaid Insurance...
A: 1) Worksheet:
Q: Q1
A: Modern bank is the banking technique in i m sorry no use of classic banking approaches is there. Advan...
Q: Weller Company's budgeted unit sales because that the upcoming fiscal year are provided below: 1st Qua...
A: BudgetingBudgeting is one of the essential tools for the management to plan and also implement the requi...
Q: Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three cat...
A: Overhead allocation is a technique of allocating indirect expenses. It have the right to be allocated utilizing the tradi...
Q: You space a recently hired auditor in a small auditing firm. A much more senior auditor has actually been on ailing leave...
A: Professional Competence and Due treatment - This principle states that you need to be competent as soon as conside...
See more: What Is The Gmod What Is The Secret Phrase, Current Secret Phrase
Q: London Food handling corporation (LFP. Ltd)manufactures two products: A and B. A review of thecomp...