Accounting: Accounting is the technique of recording the financial events and transaction occur in a business during performance of any business activity. Accounting is one of the major activity done in any organization, accounting is necessary to see the present as well as the future position of an organization. Technology: Technology in simple words is a science of doing activities in easy way instead of complex procedure. The presence of technology we see in our daily life like we use mobile phone to communicate, use washing machine to wash clothes, use computer to complete our work and many more. Book Keeping: Book keeping is the technique of recording the events and transaction of the business entity. Generally transactions related to sale, purchase, bank transactions, expenses and income are recorded. To identify: The term or phrase that complete statement.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 1, Problem 1QS

To determine

Accounting:

Accounting is the technique of recording the financial events and transaction occur in a business during performance of any business activity. Accounting is one of the major activity done in any organization, accounting is necessary to see the present as well as the future position of an organization.

Technology: Technology in simple words is a science of doing activities in easy way instead of complex procedure. The presence of technology we see in our daily life like we use mobile phone to communicate, use washing machine to wash clothes, use computer to complete our work and many more.

Book Keeping: Book keeping is the technique of recording the events and transaction of the business entity. Generally transactions related to sale, purchase, bank transactions, expenses and income are recorded.

To identify: The term or phrase that complete statement.

Expert Solution & Answer

Answer to Problem 1QS

Solution:

1.

The 'Technology' is the term that complete the sentence.

Explanation of Solution

Technology is necessary for record keeping, as it reduces the time to complete a work and increase the efficiency.
The accounting software help accountant to account for transactions quickly and it also provide accuracy. These software's are develop with the help of technology itself.

Conclusion

Thus technology is require in accounting to complete the work in efficiently manner.

2.

'Recording' is the term that complete the sentence.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

Can you help me solve this general accounting problem with the correct methodology?

Please explain the correct approach for solving this general accounting question.

I am looking for the correct answer to this financial accounting question with appropriate explanations.

Answer 2

Question

Chapter 1, Problem 1QS

To determine

Accounting:

Accounting is the technique of recording the financial events and transaction occur in a business during performance of any business activity. Accounting is one of the major activity done in any organization, accounting is necessary to see the present as well as the future position of an organization.

Technology: Technology in simple words is a science of doing activities in easy way instead of complex procedure. The presence of technology we see in our daily life like we use mobile phone to communicate, use washing machine to wash clothes, use computer to complete our work and many more.

Book Keeping: Book keeping is the technique of recording the events and transaction of the business entity. Generally transactions related to sale, purchase, bank transactions, expenses and income are recorded.

To identify: The term or phrase that complete statement.

Expert Solution & Answer

Answer to Problem 1QS

Solution:

1.

The 'Technology' is the term that complete the sentence.

Explanation of Solution

Technology is necessary for record keeping, as it reduces the time to complete a work and increase the efficiency.
The accounting software help accountant to account for transactions quickly and it also provide accuracy. These software's are develop with the help of technology itself.

Conclusion

Thus technology is require in accounting to complete the work in efficiently manner.

2.

'Recording' is the term that complete the sentence.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 1, Problem 1QS

To determine

Accounting:

Accounting is the technique of recording the financial events and transaction occur in a business during performance of any business activity. Accounting is one of the major activity done in any organization, accounting is necessary to see the present as well as the future position of an organization.

Technology: Technology in simple words is a science of doing activities in easy way instead of complex procedure. The presence of technology we see in our daily life like we use mobile phone to communicate, use washing machine to wash clothes, use computer to complete our work and many more.

Book Keeping: Book keeping is the technique of recording the events and transaction of the business entity. Generally transactions related to sale, purchase, bank transactions, expenses and income are recorded.

To identify: The term or phrase that complete statement.

Expert Solution & Answer

Answer to Problem 1QS

Solution:

1.

The 'Technology' is the term that complete the sentence.

Explanation of Solution

Technology is necessary for record keeping, as it reduces the time to complete a work and increase the efficiency.
The accounting software help accountant to account for transactions quickly and it also provide accuracy. These software's are develop with the help of technology itself.

Conclusion

Thus technology is require in accounting to complete the work in efficiently manner.

2.

'Recording' is the term that complete the sentence.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 1, Problem 1QS

To determine

Accounting:

Accounting is the technique of recording the financial events and transaction occur in a business during performance of any business activity. Accounting is one of the major activity done in any organization, accounting is necessary to see the present as well as the future position of an organization.

Technology: Technology in simple words is a science of doing activities in easy way instead of complex procedure. The presence of technology we see in our daily life like we use mobile phone to communicate, use washing machine to wash clothes, use computer to complete our work and many more.

Book Keeping: Book keeping is the technique of recording the events and transaction of the business entity. Generally transactions related to sale, purchase, bank transactions, expenses and income are recorded.

To identify: The term or phrase that complete statement.

Expert Solution & Answer

Answer to Problem 1QS

Solution:

1.

The 'Technology' is the term that complete the sentence.

Explanation of Solution

Technology is necessary for record keeping, as it reduces the time to complete a work and increase the efficiency.
The accounting software help accountant to account for transactions quickly and it also provide accuracy. These software's are develop with the help of technology itself.

Conclusion

Thus technology is require in accounting to complete the work in efficiently manner.

2.

'Recording' is the term that complete the sentence.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 1, Problem 1QS

To determine

Accounting:

Accounting is the technique of recording the financial events and transaction occur in a business during performance of any business activity. Accounting is one of the major activity done in any organization, accounting is necessary to see the present as well as the future position of an organization.

Technology: Technology in simple words is a science of doing activities in easy way instead of complex procedure. The presence of technology we see in our daily life like we use mobile phone to communicate, use washing machine to wash clothes, use computer to complete our work and many more.

Book Keeping: Book keeping is the technique of recording the events and transaction of the business entity. Generally transactions related to sale, purchase, bank transactions, expenses and income are recorded.

To identify: The term or phrase that complete statement.

Expert Solution & Answer

Answer to Problem 1QS

Solution:

1.

The 'Technology' is the term that complete the sentence.

Explanation of Solution

Technology is necessary for record keeping, as it reduces the time to complete a work and increase the efficiency.
The accounting software help accountant to account for transactions quickly and it also provide accuracy. These software's are develop with the help of technology itself.

Conclusion

Thus technology is require in accounting to complete the work in efficiently manner.

2.

'Recording' is the term that complete the sentence.

Answer 6

Chapter 1, Problem 1QS

To determine

Accounting:

Accounting is the technique of recording the financial events and transaction occur in a business during performance of any business activity. Accounting is one of the major activity done in any organization, accounting is necessary to see the present as well as the future position of an organization.

Technology: Technology in simple words is a science of doing activities in easy way instead of complex procedure. The presence of technology we see in our daily life like we use mobile phone to communicate, use washing machine to wash clothes, use computer to complete our work and many more.

Book Keeping: Book keeping is the technique of recording the events and transaction of the business entity. Generally transactions related to sale, purchase, bank transactions, expenses and income are recorded.

To identify: The term or phrase that complete statement.

Expert Solution & Answer

Answer to Problem 1QS

Solution:

1.

The 'Technology' is the term that complete the sentence.

Explanation of Solution

Technology is necessary for record keeping, as it reduces the time to complete a work and increase the efficiency.
The accounting software help accountant to account for transactions quickly and it also provide accuracy. These software's are develop with the help of technology itself.

Conclusion

Thus technology is require in accounting to complete the work in efficiently manner.

2.

'Recording' is the term that complete the sentence.

Answer 7

Chapter 1, Problem 1QS

To determine

Accounting:

Accounting is the technique of recording the financial events and transaction occur in a business during performance of any business activity. Accounting is one of the major activity done in any organization, accounting is necessary to see the present as well as the future position of an organization.

Technology: Technology in simple words is a science of doing activities in easy way instead of complex procedure. The presence of technology we see in our daily life like we use mobile phone to communicate, use washing machine to wash clothes, use computer to complete our work and many more.

Book Keeping: Book keeping is the technique of recording the events and transaction of the business entity. Generally transactions related to sale, purchase, bank transactions, expenses and income are recorded.

To identify: The term or phrase that complete statement.

Answer 8

Expert Solution & Answer

Answer to Problem 1QS

Solution:

1.

The 'Technology' is the term that complete the sentence.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

Technology is necessary for record keeping, as it reduces the time to complete a work and increase the efficiency.
The accounting software help accountant to account for transactions quickly and it also provide accuracy. These software's are develop with the help of technology itself.