Which category is the account you selected included in

Assignment Help Business Law and Ethics

Reference no: EM13785512

1. Assets, Liabilities, Owner's Equity, Revenues, and Expenses are the five categories (account types) that an account can be classified as. Which category is the account you selected included in?

2. The double-entry accounting system has specific rules for recording debits and credits based on the type of account. Describe how these rules apply to the account you selected.

3. The normal balance of an account can be either a debit or a credit depending on whether increases in the account are recorded as debits or credits. What is the normal balance of the account you selected?

4. Think of a transaction that your account would be used in. Describe and illustrate journalizing the transaction.

Reference no: EM13785512

Questions Cloud

Write a paper about why people practice religion : Write a paper about "WHY PEOPLE PRACTICE RELIGION."

Project on american health information management associatio : Normal 0 false false false EN-US X-NONE X-NONE American Health Information ..

Depreciation always added back : Class, when calculation FCF, why is depreciation always added back? Similarly, why must we subtract capital expenditures?

Suppose powers ltd. just issued a dividend : Suppose Powers Ltd. just issued a dividend of $2.57 per share on its common stock. The company paid dividends of $2.07, $2.14, $2.31, and $2.41 per share in the last four years.

Which category is the account you selected included in : Assets, Liabilities, Owner's Equity, Revenues, and Expenses are the five categories (account types) that an account can be classified as. Which category is the account you selected included in

Discuss moral dimensions of marketing with respect to plot : Discuss the moral dimensions of marketing with respect to the plot of the episode. Do you think that the behavior of those who are considered "producers" should be considered ethical or unethical? Why?

Summarize two antitrust actions taken by the ftc : The FTC and the antitrust division-recent legal actions Go to the FTC Web site, www.ftc.gov, to find press releases by selecting News. Briefly summarize two antitrust actions taken by the FTC over the past 12 months.

Equity valuation cash flows : What exactly do we mean by Equity Valuation Cash Flows, which are also often referred to as Free Cash Flows, FCF?

User Account

All Pages