The collection of a $1,200 account after the 2 percent discount period will result in a

Q: What are the two most common methods businesses use  in computing interest?

A: A sum paid or charged for using the capital or borrowed amount is called Interest.

Q: Explain in detail and also give example. Business Entity concept

A: Accounting concepts: Accounting concepts laid the foundation for recording all the financial…

Q: Define the term business combination and differentiate across various forms of business…

A: Business combination refers to the combining of two independent firms for a common purpose.

Q: What is the Business Acquisitions. Could you please give the eamples?

A: Business Acquisitions.Business acquisitions include the purchase of one firm by another and can…

Q: three forms of business organization

A: Business is conducted by the owner in order to earn profit. The business is the activity that…

Q: What are the types of Businesses according to Nature and differentiate each?

A: Solution Concept Types of business                 There are various types of business ,such as…

Q: Sources of business ownership.

A: Introduction:- Funds play vital role in every business for running operations. Companies cannot run…

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Q: What are subsidiaries ledgers? Give three benefits of using subsidiaries ledgers?

A: Subsidiary ledger is a ledger account which records detailed information of the account which is…

Q: Subsidiary ledgers in merchandising business?

A: A subsidiary ledger is a subset to the general ledger and it contains the details to support a…

Q: Whatever the companys transactions all relevant information should be reported?

A: Financial statement disclosures refer to the footnotes accompanying the financial statement. These…

Q: organization chart is

A: Organizational chart represents it's structure and defines the relationship between each executives…

Q: Describe the three major types of business structures and give some pros and cons of each structure.

A: Business organization: Business organization can be defined as an entity established by one or more…

Q: Give three examples that illustrate how cardinality reflects an organization’s underlying business…

A: The extent or degree of relationship between two or more items is shown by cardinality. 1 to 1, many…

Q: The documents which sets out basic rules for how a company is to run?

A: A company's constitution is a written text that lays down the laws that regulate it. It also…

Q: actions related to the primary business activities of the company, such as selling goods and…

A: Management activities refer to the range of tasks, decisions, and responsibilities undertaken by…

Q: Explain how the DuPont equation can help in analyzing company results.

A: Dupont system used to make analysis of  the firm's financial statements and assess financial…

Q: Define each of the following terms:i. Holding company; operating company; parent company

A: Holding company and parent company are almost alike in nature as both holding and parent company own…

Q: How do business transactions affect the accounting records of a company?

A: Accounting Records - Accounting records are the transaction recorded by the organization from past…

Q: Provide one example of a transaction that affect  service business and  merchandise business.

A: Business refers to all those organization or company who engaged in any type of industrial,…

Q: several divisions of accounting

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Q: Describe all the segments of business plan?

A: Business plan is the blueprint which defines the strategies, nature and operating activities that…

Q: Analyze business transactions using the accounting equation.

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Q: different forms of business organization and the activities performed by each

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Q: balance sheet of Heads up Company inc.

A: A balance sheet is an accounting report that shows a corporation's assets liabilities, and…

Q: Define four mechanisms companies use toglobalize their business activities.

A: The four processes through which corporations globalize their business operations are exporting,…

Q: Describe the three major business activities in organizations.

A:

Q: Write a comprehensive note on the following with examples.  Full Disclosure Principle Historical…

A: The total honesty guideline is an idea that requires a business to report all vital data about their…

Q: How many steps are there within the Business Operation Cycle

A: This operating cycle is necessary to estimate the working capital of the company. Working capital is…

Q: Discuss the concept of accounting for business combinations and the different methods used, such as…

A: Accounting for business combinations is the process of recognizing and reporting the financial…

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is