Debit - Study guides, Class notes & Summaries

EOPA Financial Accounting. Top Exam Questions and answers, 100% Accurate, verified. Basic Accounting Equation - -assets= liabilities + stockholders' equity Assets - --own -debit -economic resources presently controlled by the company that have measurable value and are expected to benefit the company by producing cash inflows or reducing cash outflows in the future (cash, supplies, furniture, equipment) Liabilities - --owe -credit -measurable amounts that the company owes to credi...

Chapter 3 1. Job-order costing is more likely to be used than process costing in situations where many different products or services are produced each period to customer specifications. Ans: True Difficulty: Easy 2. Job-order costing is used in manufacturing companies and process costing is used in service firms. Ans: False Difficulty: Easy 3. In a job-order costing system, costs are traced to departments and then allocated to units of product using an averaging process. Ans: False Dif...

LIBF Unit 1, Top Exam Question with accurate answers, 100% Accurate, rated A+ Annual Budget - -an outline, given by the Chancellor of the Exchequer, of planned government expenditure for the next financial year. Annual equivalent rate (AER) - -the interest rate that would be paid on a savings account if you were to leave the money in the account for a full year. Annual percentage rate (APR) - -the interest that would be charged on a sum borrowed over one full year; used to measure the...

LIBF revision unit 1, Exam Questions and answers, 100% Accurate, rated A What is a direct debit? - -Payments can be for different amounts of money each time. What are instructions that pay the same amount of money to another account on a regular basis? - -Standing order Pete is 21 years old, what stage is he in his life cycle? - -Young adult What is the age range for someone who is middle aged? - -41-54 years old Ross is in the teenage life stage, how old could he be? - -13-...

LIBF Unit 1 - topic 1, 2, 3. Questions and answers, 100% Accurate, graded A+ Austerity - -A government measure to reduce the amount of money it spends (usually reduced wages and benefits), resulting in difficult financial conditions for a population. Benefits - -Money and other financial support (such as reduced bus and train fares or provision of housing) that the government provides for people who are unable to get any other income. Bonds - -A certificate that shows you have bought ...

LIBF Unit 1 E-test Revision Test 1. Exam Question & Answers, rated A+ What customers will directly benefit of interest rates rise? - -People with a variable rate cash isa The financial services (banking reform) bill includes the concept of ring fencing. For a bank this means: - -Separating everyday banking activities from investment banking activities What do u have to provide to a bank for proof of address when opening a bank account? - -A water bill issued two months ago The cons...

TCC Accounting Exam 1, Questions and answers, 100% Verified Accurate. the accounting process is correctly sequenced as - -identification, recording, communication generally accepted accounting principles are - -standards that indicate how to report economic events the assumption that the unit of measure remains sufficiently constant over time is part of the - -monetary unit assumption a basic assumption of accounting that requires activities of an entity be kept separate from the a...

Level I Test Pearson VUE Questions and answers, 100% Accurate, rated A+. Approved. 1. Which broker action is an example of blockbusting? (page 134) A. Refusing to sell or rent to prospects because of race B. Refusing to rent to families with children C. Soliciting listings based on a fear of racial change in an area D. Directing people to an area based on race - C (Inducing panic selling due to fear of entry of people of different race, color, religion, or national origin.) 2. The...

Real Estate National Exam Question with accurate answers, 100% Accurate, rated A+ How does a creditor who has obtained a judgement get satisfaction against a debtor who will not pay? - -Writ of Execution The economic characteristics of land are? - -Scarcity, location, and durability What lease would best suit couples needs who are looking for temporary housing? - -Month-to-Month lease The land description T3N, R4W Principal Meridian refers to what type of property description? - -R...

Level I Test Pearson VUE Exam Questions and answers, 100% Accurate, rated A+ 1. Which broker action is an example of blockbusting? (page 134) A. Refusing to sell or rent to prospects because of race B. Refusing to rent to families with children C. Soliciting listings based on a fear of racial change in an area D. Directing people to an area based on race - -C (Inducing panic selling due to fear of entry of people of different race, color, religion, or national origin.) 2. The phra...