Describe how to record business transactions

Assignment Help Microeconomics
Reference no: EM13673357

Describe how to record business transactions using the accounting equation. Your response should begin by defining what a transaction is and the criteria needed to record it. You should describe the fundamental accounting equation and the posting process for accounts, and then discuss the preparation of financial statements. Provide an example to illustrate your knowledge of this process.

Your essay must include an introduction, body, and conclusion, and address all relevant parts of each question. Your response should be 300 to 700 words in length. Make sure to cite any references you use. Proper citation format for a reference includes the name of the author(s), the title of the work, the date of the publication, and the page number.

Reference no: EM13673357

Questions Cloud

Firms are identical and different : Under what conditions are cournot and bertrand equilibria the same? You may assume the market demand is p = a - bQ. Consider when firms are identical and different. If not, please explain why.
Current density related to cross-sectional area and current : A small but measurable current of 1.6 10-10A exists in a copper wire whose diameter is 3.1 mm. suppose the current is uniform. Compute the current density. Compute the electron drift speed.
Discuss the difference between a change in demand : Discuss the difference between a change in demand and a change in quantity demanded in terms of causes and in how they appear graphically.
Discover the distance the block slides before coming to rest : An 8.70kg block slides by an initial speed of 1.66m/s up a ramp inclined at an angle of 27.4 degrees to the horizontal. The coefficient of kinetic friction among the block and the ramp is 0.3. Use energy conservation to discover the distance the bloc..
Describe how to record business transactions : Describe how to record business transactions using the accounting equation.
Calculate the expected market price : Calculate the expected market price.
Thought of as representing the wave behaviour of electron : Three main component equations in the bohr model of the hydrogen atom. One of these is now said to represent the electron exhibiting a wave nature. Which one of the equations is this and why can it now be thought of as representing the wave behaviour..
Meter stick is rotated about the end labelled : A meter stick is rotated about the end labelled 0.00 cm, therefore that the other end of the stick moves during an arc length of 8.66cm. Through what arc length s does the 25.0-cm mark on the stick move?
Compute the volume of aluminium : A sample of aluminium has a density of 2.700×103 kg/m3. Compute the volume of 0.500 kg of aluminium (in SI units) And If this amount were shaped into a cube, what would be the length of one edge of that cube (in meters)?

Reviews

Write a Review

Microeconomics Questions & Answers

  Would you expect the price elasticity of demand to be

would you expect the price elasticity of demand to be higher at the level of an individual school or at the aggregate

  Problem 1 perfect competition consider an industry in which

problem 1. perfect competition consider an industry in which there are 10 identical firms and 1000 identical consumers.

  What single feature adds value for businesss partners

examine the following web sites and see how they customized their sites to their target market focused their efforts

  Explain what would happen to sparkles customers

a. Draw a diagram showing Sparkle's demand curve, marginal-revenue curve, average-total-cost curve, and marginal-cost curve. Label Sparkle's profit-maximizing output and price. b. What is Sparkle's profit.

  Operator will be able to make at least a normal profit

In a price-taker market, if a business operator produces efficiently-that is, if the cost of producing the good is minimized-the operator will be able to make at least a normal profit

  Explain the meaning and importance of high frequency

explain the meaning and importance of high frequency trading with a literature searchtopic to focus on us equities

  Find regions where firm 2 does and does not compete

Display a diagram in (c1,c2) space that indicates the cost combinations for which firm 2 will choose not to compete. Interpret the equation describing the boundary between the regions where firm 2 does and does not compete.

  Total amount produced by the monopolist in equilibrium

Consider an economy in which a monopolistic firm serves two identical, but separate markets, what is the total amount produced by the monopolist in equilibrium?

  Objective questions based on managerial economics

From the standpoint of a soft drink company, the question What goods and services should be produced is best represented by which of the following decisions:

  The purpose of the awning is to prevent sunlight from

an awning that covers a sliding glass door that is 88 inches tall forms an angle of 50 degrees with the wall. the

  What factors might contribute to a low level of productivity

What factors might contribute to a low level of productivity in an economy Compare these to the rapid productivity growth experience by the United States during the 1990s.

  What is the significance of resource pricing

What is the significance of resource pricing. Explain how the factors determining resource demand differ from those determining product demand. Explain the meaning and significance of the fact that the demand for a resource is a derived demand.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd