"A credit actually decreases my cash account" is a true statement.
Please explain why this is true, be specific in your answer.
A credit in accountancy means that it increases a liability or equity account, or decreases an asset or expense account.
Cash is an asset.
Hence "A credit actually decreases my cash account" is a true statement.
"A credit actually decreases my cash account" is a true statement. Please explain why this is...
Please provided my credit back to my account since can't provide an answer. Thanks 5-2 Please provide help Discuss the benefits to financial statement users when accountants separate the debt and equity features of hybrid debt securities. Additionally, Why might this be necessary? Explain your reasoning. What might impact the way a user will classify the debt and equity features?
State whether the following statement is true or false, and explain why. If the statement is false, state the true change. If the national economy shrank at an annual rate of 9% per year for four consecutive years, then the economy shrank by 36% over the four-year period. Choose the correct answer below and, if necessary, fill in the answer box to complete your choice. The statement is false because each year there is a different reference value. The economy...
Outline the differences between of a cash flow statement and a cash budget and explain why a cash flow statement is important to the shareholders. Give reasons to support your answer
Outline the differences between of a cash flow statement and a cash budget and explain why a cash flow statement is important to the shareholders. Give reasons to support your answer.
Is this statement true or false and please explain why: There is a 9 M aqueous HCl solution in the stock room, but a 4.5 M solution is required for an experiment. Doubling the volume of the 9 M sample with water will produce the 4.5 M solution.
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If the Cash account has a credit balance, which of the following statements is true? 1 An error has occurred and must be corrected before financial statements can be prepared. 2 Debit postings exceed the credit postings for the accounting period. 3 The account needs to be analyzed to determine the reason for the credit balance. 4 This is the normal balance for cash.
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Discuss the validity of the following statement. If the statement is always true, explain why. If not, give a counterexample. If E and F are complementary events, then E and F are mutually exclusive. Choose the correct answer below. A. The statement is true because two complementary events have to be mutually exclusive. B. The statement is true because if E and F are complementary events, then EnF is equal to the sample space. C. The statement is false because...