What are the elements of chart of accounts?

Answers

Answer 1

The Fund, Account, Program, Organization, Activity, and Location components make up the Chart of Accounts.

An index of each account in an accounting system is provided by a chart of accounts, a financial and organizational tool. This gives information about all of the business's financial transactions. For each sort of asset, income, liability, equity, and expenditure, an account serves as a distinct record.

The demands of the company or organization will determine the best manner to organize the chart of accounts. Usually, it is arranged logically and hierarchically, with higher-level accounts denoting general categories of financial activity and lower-level accounts denoting more particular kinds of transactions.

To learn more about the Chart of Accounts

https://brainly.com/question/13397640

#SPJ4


Related Questions

6. Identify a change in technology during each of the time periods in history below that you believe improved the
way marketing activities were completed. List the example and explain how it contributed to marketing during
that time.
(a) 1900s to 1930s
(b) 1930s to 1950s
(c) 1950s to 1980s
(d) 1980s to today
Answer:

Answers

Answer:

Prior to the 1950s, the production orientation generally held true due to the growing numbers of affluent and middle class people that capitalism had created.

Say’s Law states that the “production of commodities creates, and is the one and universal cause which creates, a market for the commodities produced”.

The emphasis of firms adopting a production orientation of marketing would have been based on the theory of economies of scale, which are the cost advantages that an enterprise obtains due to expansion.

Which of the following aspects of the sales process is most likely to make or break a sale?

A. generating leads

B. qualifying leads

C. establishing rapport

D. assessing needs

Answers

I think it’s c as in cat

Reasons for unemployment? ​

Answers

Answer:

1.Slow Economic Growth

2.An Increase in Population

3. Slow Growth of Industrialisation

The reasons for unemployment include:

A recession: when there is a recession, the level of output in the economy is low. As a result, there would be less jobs available. low level of wages. When the wages paid to labor is too low, it might discourage people from working. war. When there is a war, economic activities would be disrupted. This would lead to job loss.

What is unemployment?

Unemployment is when people who are willing and able to get are job are without jobs. Types of unemployment include:

Frictional unemploymentVoluntary  unemploymentStructural  unemploymentCyclical  unemployment

When there is a recession, the level of output would be depressed. As a result, unemployment would increase.

To learn more about unemployment, please check: https://brainly.com/question/10940465

According to the video, what are some qualities needed by workers involved in sales? Check all that apply.
physical strength
politeness
first-aid skills
good speaking skills

Answers

Answer:

B and D

Explanation:

According to the video, politeness and good speaking skills are qualities needed by workers involved in sales. Thus, options B and D are the correct options.

What Does a Sales Representative Do?

Simply said, a sales representative promotes a company's brand while selling its goods or services. From the first lead outreach until the actual transaction, they maintain client connections and function as the primary point of contact. It is the perfect job if you want to be in control of your career because it is mostly performance-driven, meaning how well you sell directly affects how much money you earn.

All stages of the sales process involve a sales representative having direct consumer interactions. They are in charge of determining a customer's needs, making suitable product or service recommendations, and making sure they have a great experience from beginning to end. Some sales representatives would make cold calls to potential customers they locate in company directories or client referrals. 

Learn more about Sales Representative here:

https://brainly.com/question/29395497

#SPJ2

1. Which of the following BEST defines a down payment?
1. A down payment is a portion of the purchase price that increases the loan amount.
2. The down payment is the good faith escrow deposit.
3. A down payment is a portion of the purchase price that reduces the loan amount.
4. The down payment is the total amount borrowed for purchasing or leasing a car.

Answers

Answer:

3

Explanation:

It has to be this one because it is intial payment to help someone.

One advantage of a market-product grid is that it can be used to Multiple Choice relate the product life cycle to consumer demand. determine which target market segments to select and which product groupings to offer. screen many new-product ideas in order to select the one with the best long-run market potential. select representative samples of consumers for marketing research studies. make cost-cutting decisions under conditions of uncertainty.

Answers

Answer:

The answer is "relate the product life cycle to consumer demand".

Explanation:

An Ansoff matrix or maybe a project director grid is also considered a consumer product grid. This is tool companies use to build a plan of development. New and existing markets, new and existing products as well as the uncertainties of any potential relationship are addressed,  that's why one of the benefits is to the consumer-product grid is that it could be used to connect probable product sales to future market segments.

If you were a salesperson, what would be the most challenging part of the sales process for you? Explain.

Answers

The most challenging part for me would be overcoming objections because there are so many possible objections a customer could have. Also if the customer doesn't know their needs this can be even harder to accomplish.

Wanna win 10$ on cashapp??

Answers

Answer:

How can you do this?

Explanation:

QUESTION 8 of 10: In a percentage lease, the landlord receives a
a) Assets
b) Expenses
c) Accounts payable
O d) Revenue
Submit

Answers

Answer:

d)revenue

Explanation:

the landlord receives a percentage of revenue earned from any business in addition to the base rent.

In a percentage lease, the landlord receives a revenue. Option d is correct.

What is percentage lease?

A percentage lease is defined as one in which the tenant pays a base rent plus a percentage of any money generated while operating a company on the rental property.

A percentage lease pays the landlord a percentage of any business's revenue in addition to the base rent.

In comparison to a standard lease, the base rent is usually lower. The lower base rent is balanced out by the higher upside potential of a percentage lease.

Therefore, option d is correct.

Learn more about the revenue, refer to:

https://brainly.com/question/2732567

#SPJ2

A regional trucking company landed a contract to supply products for a major retailer. To do this, it needs to hire an IT professional to create a shipment database. The new hire should be able to complete which tasks? Check all that apply.

Answers

Answer: • set up the computer hardware for the database.

• Set up the computer software for the database.

• train designated employees to use the database

• protect the confidentiality of the database

Explanation:

The options include:

a. Set up the computer hardware for the database

b. Set up the computer software for the database

c. train designated employees to use the database

d. Design a help page to show people how to use the database

e. protect the confidentiality of the database

Since the new hire is an IT professional who is employed to create a shipment database, the individual should be able to:

• set up the computer hardware for the database.

• Set up the computer software for the database.

• train designated employees to use the database

• protect the confidentiality of the database

Answer:

ACD :))

Explanation:

B. A customer sees a house they want, but it's not for sale because it's owned by someone else. How would you go about approaching the current home owner about possibly selling their home to your buyer?

Answers

Answer:

Well typically you would have a realtor contact the home owners. But if u are doing it yourself then you would need to go onto there page that they have it set in call or email them, and they will sign you up for an appointment.

Please mark Brainlyest ❤️

Answer:

you dont

Explanation:

Shelley was initially moderately in favor of a proposal to build a city bike path. At a meeting, she learns that not only will the path provide recreational opportunities and allow for some decrease in traffic, but that in towns with paths, the crime rate tends to go down and businesses along the path do better. She is now strongly in favor of the proposal. The theory that best explains her change of opinion is the __________ theory.

Answers

Answer:

The appropriate response is "Persuasive arguments".

Explanation:

A noninteractional concept or philosophy of community judgment predicting choice results via cognitive or conceptual claims produced by individuals before the debate is determined as Persuasive arguments theory.It doesn't see dialogue as an important element of judgment results, although as a potential mechanism for facilitating communication.

Thus the above is the right answer.

discuss the impact of discriminating behaviour the individual and society​

Answers

Discriminating behaviour has the following impact on the individual and society:

It can lead to conflict and unrest in the society.It can lead to low self esteem and depression.

What is discrimination?

Discrimination is when a person is treated unfairly and differently from other people based on age, gender, religion or race.  For example, a person of colour might be denied entry into a restaurant based on her skin colour.

To learn more about discrimination, please check: https://brainly.com/question/22843559

"Market Equilibrium" is...
A. The quantity where no more buyers want to buy stock
B. The price range where the quantity supplied equals the quantity demanded
C. What happens when there are the same number of buyers and sellers
D. Where the most trades are made

Answers

Answer: B

Explanation: Market equilibrium is when the quantity demanded and quantity supplied are equal

hope this helps good luck :))

What do you mean by accountability?​

Answers

Accountability is when an individual or department experiences consequences for their performance or actions. Accountability is essential for an organization and for a society. Without it, it is difficult to get people to assume ownership of their own actions because they believe they will not face any consequences.

cellphones are one form of communication technology, give any other form​

Answers

Answer:

television,newspaper,radio,laptops,computer etc..

Answer:

TRANSPORT AND LANDLINES.

The first step in merchandise management planning is to __________. [This question has been randomly selected from a pool of 5 questions. For optimal success in this class, repeat this chapter's questions until you are sure you are acquainted with all of the alternate versions of each question.] allocate merchandise to stores set inventory and product availability levels forecast category sales configure a model stock plan develop an assortment plan

Answers

Answer:

forecast category sales

Explanation:

Category sales refer to breaking down the companies different product lines into categories, for example, Colgate will break down oral hygiene products and personal care products. each category includes similar products or products that are related to each other. This way you can start working with groups of products that require similar marketing efforts.

1. How does competition affect the prices that airlines charge for fares?

2. How does a lack of competition affect the prices that the train company charges for fares?

Answers

Explanation:

Different routes of the same distance cost different amounts generally not because they cost different amounts to operate, but because of how much the competitors are charging. ... In all, the truth is that prices reflect what people will pay and so people will pay what flights are priced.I don't really know this part tho...

Quick Corp. has $270,000 of outstanding accounts receivable. On March 10, Quick assigned to Taft for value (consideration) a $30,000 account receivable due from Pine, one of Quick Corp.'s customers. On March 30, Pine paid Quick Corp. the $30,000. On April 5, Taft notified Pine of the March 10 assignment from Quick to Taft. Taft is entitled to collect $30,000 from Select one: a. Neither Quick nor Pine. b. Quick only. c. Pine only. d. Either Quick or Pine

Answers

Answer:

b. Quick only

Explanation:

According to the given situation, since Taft bank collected the money from Quick corporation as not from Pine because the company would failed to inform pine assignment from quick corporation on time So the taft would be collected from Quick only

Hence, the correct option is b

And, the rest of the options would be considered incorrect

A basic premise underlying analytical procedures is that
A The study of financial ratios is an acceptable alternative to the investigation of unusual fluctuations.
B Statistical tests of financial information may lead to the discovery of material misstatements in the financial statements.
C Plausible relationships among data may reasonably be expected to exist and continue in the absence of known conditions to the contrary.
D These procedures cannot replace tests of balances and transactions.

Answers

Answer:

C Plausible relationships among data may reasonably be expected to exist and continue in the absence of known conditions to the contrary.

Explanation:

Analytical procedures are defined as a set of practices during financial audit that assists the auditor asses potential risk, gain better understanding of a business, and give a framework for planning of future audits.

It shows relationship between financial and non financial data.

For example variability in relationships between financial and non financial data can result from factors like unusual events, business changes, random fluctuations, and misstatements.

So the basic underlying premise is that relationship among data will continue except conditions influence it to the contrary

For international businesses to achieve vertical differentiation, _____. a. foreign and domestic operations should be grouped in such a way that the company effectively serves the needs of all customers b. top level managers must emphasize flexibility and openness in organizational structure c. a hierarchy of authority must be created that clarifies the responsibilities of both domestic and foreign managers d. the global structure must allow decisions to be made in the most appropriate area of the organization

Answers

Answer:

a hierarchy of authority must be created that clarifies the responsibilities of both domestic and foreign managers

Explanation:

Below is the income tax system for the country of Genovia.


For income from $0 to $100, no income tax.

For all income above $100 but less than $400, the tax rate is 20%.

For all income above $400, the tax rate is 40%.

Jane Doe’s income is $500. What is her AVERAGE tax rate?


Group of answer choices


40%


33%


50%


20%


25%

Answers

Answer:

24%

Explanation:

The computation of the average tax rate is shown below:

Given that

From income $0 to $100, no income tax is applicable

From income above $100  upto $400, the tax rate is 20%

The income above $400, the tax rate is 40%

So based on the above information

Since the Jane doe income is $500

So here the average tax rate is

= (400 × 0.20) + (100 × 0.40) ÷ $500

= ($80  + $40) ÷ ($500)

= ($120) ÷ ($500)

= 24%

This is the answer but the same is not provided in the given options

Good relationship selling increases

A. customer satisfaction

B. customer qualification

C. word of mouth

D. customer retention

Answers

The answer is customer retention <3

Why is it important that your resume, cover letter, and job application all contain the same information?

Answers

Answer:

A cover letter is an important way to showcase how your unique combination of skills and experience meet the key requirements of the job description. It is your chance to show a clear link between your knowledge, experience and abilities and the needs of the employer.

Explanation:

Technology plays a role in a variety of industries and the ways that technology impacts marketing are vast and diverse. In a concise one-paragraph summary, narrow down the use of technology in marketing and explain the importance of computers and the internet in marketing.

Answers

Answer:

Marketing is a commercial practice by which companies seek to promote their products, trying to attract consumers through advertisements, promotional campaigns and market research, aimed at meeting the needs of consumers. For this, companies rely on technology (internet, television, radio, etc.) to be able to massify their products, advertising them through the mass media. Within this process, the internet is one of the most important marketing tools, since it allows companies to reach all parts of the world, where potential consumers from any territory can see the advertisements just one click away.

Which of the following is the best definition of a liability in accounting?
A. Anything your company owes to someone besides the business
owner
O B. A debt your business owes that must be repaid during the present
accounting period
c. Anything your company owes to the business owner
D. Anything your company needs to sell during the present
accounting period

Answers

The best definition of liability is anything your company owes to someone besides the business owner (option a).

What is liability?

Liabilities are future benefits that would have to be sacrificed in the future by an entity to other entities as a result of past transactions. Liabilities reduce the net worth of a company.

Liabilities are resources that have been borrowed or that are owned. They would need to be repaid at a future date. An example of a liability is debt and account payable.

Liability can be short term or long term. It is short term if it has to be paid within a year and it is long term if its duration is greater than a year or one accounting period.

To learn more about liabilities, please check: https://brainly.com/question/26513242

#SPJ1

Daniel is the vice president of an insurance company that sells workers' compensation insurance. Recently, the company has identified problems of cost control in all of its offices. Daniel formed a team composed of the sales managers of all the four regions, along with some staff members from the company's informational technology and administration departments, to study the problem and make recommendations. This team is an example of a:

Answers

Answer:

Task force

Explanation:

A task force is defined as a group or unit that exists to address a particular issue or set of issues.

They come together to formulate solutions to a problem.

In the given scenario there was problems of cost control in all of the offices.

A team was formed specifically to solve this problem so it is a task force. The make up of the team was sales managers of all the four regions, along with some staff members from the company's informational technology and administration departments.

It is not a command group as the managers do not have the same supervisor or manager.

When you get in a business, make a lot of money, and then get out, it’s referred to as a(n)

A) easy-money business.


B) hit-and-run business.


C) failure.


D) missing opportunity.

Answers

The answer is hit and run business

Answer:

The answer is B. Hit-and-run business.

Explanation:

Examples of countries that operate under the free market economy​

Answers

Answer:United kingdom

Explanation:

2.____What is auto insurance based on in IL?
A. How much money you have
B. Fault
C. Your job
D. How tall you are

Answers

i think it’s B, but i’m not 100%
Other Questions
What part of the body is most painful to get a tattoo? Ramon's dad is an architect. He is designing a new house for his family. Yesterday, he brought home a model of a house that they will build. In the model inch represents 2 feet and Ramons room measures 2.5 inches by 4 inches. Ramon wants to purchase a rug that will take up 169 square feet of space. Provide mathematical reasoning explaining why Ramon should or should not purchase the rug. (Hint: Draw the room) A toy rocket has a velocity of 40 m/s and a kinetic energy of 2000 j. calculate its mass. Who is the ranking member of the House? Stranger anxiety is less likely to appear in conjunction with Multiple Choice absence of the mother. familiar settings. O feelings of iO nsecurity O unfamiliar settings. Should a 5 year old know his ABC's? Jamal spent 6 dollars on snow cones last week. Each snow cone costs s dollars. Choose the expression that shows how many snow cones Jamal bought. which of the following best describes egocentric empathy? group of answer choices when a child understands that another person's discomfort may be chronic rather than acute when a baby cries at the sound of another child crying when the child recognizes a wide range of emotions and responds accordingly when a child attempts to ease another's discomfort by offering something that they themselves would find comforting Follow-up research on Piagets sensorimotor stage yields broad agreement on which of the following issues?A)Many cognitive changes of infancy are stagelike.B)Most aspects of infant cognition develop together.C)Many cognitive changes of infancy are gradual and continuous.D)Most aspects of infant cognition develop abruptly. a spring with spring constant 50 n/m is suspended from the ceiling with a 2.0 kg wood block hanging from the bottom. when a 10 g bullet is fired vertically upward into the block, stopping inside, the block begins to oscillate with its highest point 45 cm above its initial level. what was the speed of the bullet? 6 pounds of coffee costs $14.99what is the cost per ounce according to us postal regulations, the perimeter of the smallest end plus the length of a parcel sent by mail may not exceed 108 inches. what is the largest possible volume of a rectangular parcel where the smallest end is a square that can be sent by mail? what are the dimensions of the parcel of largest volume? In 331 B.C., Alexander's army was victorious at thisbattle which allowed him to possess the remnantsof the Persian Empire. 1.24 107 kilograms. Write the mass in standard notation.3 Pranav and Paul each improved their yards by planting grass sod and shrubs. They bought theirsupplies from the same store. Pranav spent $90 on 10 ft of grass sod and 5 shrubs. Paul spent$50 on 5 ft of grass sod and 3 shrubs. Find the cost of one ft of grass sod and the cost of oneshrub Which is not a test for similarity 1 SSS 2 SAS 3 AAA 4 Asa? when a hurricane moves onto land, it rapidly declines because of friction and lack of warm, moist air. t/f Part C A radioisotope emits a positron to form germanium-74. Express your answer as a nuclear equation. PUCE ? 74 Ge> 32 let 74 Ga 31 Submit Previous Answers Request Answer X Incorrect; Try Again; 5 attempts remaining Part D An atom of carbon-11 emits a positron. Express your answer as a nuclear equation. CFIA_ACIA - #1....DOCX readerdelen Lacr.exe Type here to search what is the difference between proverb 1 and proverb 2 Barium-122 has a half-life of 2 minutes. Suppose you obtained a sample weighing 10. 0 g and it takes 10 minutes to set up an experiment in which the barium-122 is to be used. How many grams of barium- 122 will remain at the point when you start the experiment?.