Select the correct answer.
Kruger Trading Inc. buys goods on credit. In which two accounts will the company post this transaction after entering it into the journal?

Answers

Answer 1

Answer:

с. Purchases and Creditors

Multiple choices

A. Goods and Cash

В.Goods and Creditors

с. Purchases and Creditors

D.Purchases and Cash

Explanation:

The purchase account is used to record purchased goods. Accountants and bookkeepers usually do not operate a goods account. When goods are purchased, they increase the purchases account.

Purchased goods are either paid in cash or on credit. Cash purchases reduce cash held in the business and are recorded in the cash account. Credit purchases increase liabilities and are recorded in the creditor's accounts.


Related Questions

PLEASE HELP ME!!!!! I need to know the best ways to make a small business known. I just started a small Scentsy® business with my mom. I don't do social media and my moms is mainly her private friends even though it is public.

Answers

Answer:

Buy ads and get social media

Explanation:

The economic goal for most nations is to achieve a

Answers

Answer:

National economic goals include: efficiency, equity, economic freedom, full employment, economic growth, security, and stability.

The economic goal for most nations is to achieve a mutually beneficial trade balance.  

What is economics?

Economics can be defined as the study that is brought done with the relationship of the production or making of a product. It also depends upon the demand and conception theory related to price.

It is a way to find out the economic stability of the market also how the various resources are being used and to find an alternative option for the same

A mutually beneficial trade balance would employees that the mother country and the foreign country would get equal opportunities to on more amount of money and have lots of resources and technology that could be exchanged.

It will also improve the opportunity cost that the business, individual, or nation that can now get with import and export.

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what are some advantages of using a Credit card the right way?

Answers

it builds your credit score

Beyond convenience, advantages of credit cards include:

Opportunity to build credit.

Earn rewards such as cash back or miles points.

Protection against credit card fraud.

Free credit score information.

No foreign transaction fees.

Increased purchasing power.

Not linked to checking or savings account.

Maggie is a high school senior who just received her college financial aid
award packet in the mail. While her mom watches, Maggie excitedly opens the
envelope. She sees that she has received grants, scholarships and student loans.
The thought of taking on debt makes Maggie a little nervous. Her mom tells
her that student loans are normal and that she will have more time to focus on
studying rather than having to work a part-time job in college. Is her mom’s
advice the same as the advice you’d give her? Explain what your advice would be.

Answers

Answer:

I would definitely give the same advice. The income potential for a college graduate far exceeds those of a high school graduate. I would be determined to graduate from college, good get a great job and get the loans paid off.

Explanation:

With a great education and a great job it shouldn't take long to get the loans paid off

1. Your older sister, Anna is trying to figure out how she's going to pay for college in the
Fall. Anna is going over her options with you one night and she narrows it down to
either putting her college education on your parents' credit card or taking out a
student loan. Which one would you suggest and why?
I
2. Anna then tells you a story about her friend, Chad. Chad has a Target credit card that
he opened a few months ago. The other day he tried to use his credit card to buy
popcom at the movies, but it was denied. Explain to your sister why this happened.

Answers

1.) student loans due to the fact that they are more secure than credit card debt and maybe have long periods before they have to be paid off.
2.) chad has a maximum amount of money he can use before it has to be paid back. Unfortunately chads maximum was so low he couldn’t even buy popcorn, or he already maxed out his card.

Controling does not require any process comment

Answers

what’s the question?

Steven has 55 baseball cards. Steven and Lucas have more than 71 baseball cards together. Which of the following inequalities represents the number of baseball cards the two boys have?

Answers

Answer:

105

Explanation:

If you need to add all of them together the answer will be 126


In which of the following jobs would leadership be most important?
A. Car mechanic
B. Truck driver
C. Artist
D. CEO

Answers

Answer:

CEO

Explanation:

Well my explanation for my answer is the I have a BIG brain and I am really smart.

What negative effects might free trade have on small, local businesses?

Answers

Answer:

job loss, economic imbalance, deplorable working conditions, and environmental degradation

Explanation:

Question 5 of 10
Which of the following is an internal factor?
A. Employee turnover
B. Economic recession
C. Employment laws
D. Interest rates

Answers

Answer:

A. Employee turnover

Explanation:

Internal factors refer to the things that are within the organization's control. They are issues or factors unique to a particular organization. Internal factor contrasts with external factors which refer to issues that affect the whole industry and therefore beyond the control of any single organization.

Employee turnover refers to the rate at which employees leave the company, either voluntary or involuntary. Each organization will have a unique employee turnover rate. Employee turnover is, to a large extent, within the organization's control.

Which of the following technologies makes it possible for employees to stay
in constant contact with the office?
O A. Company letterhead and envelopes
B. A list of all employee phone numbers
C. The Internet
D. A training manual about office policies

Answers

Answer:

C. The Internet

Explanation:

The internet has significantly improved communication in modern-day offices. It has enabled real-time transmission of messages to and from intended recipients. Through the internet,  employees can access office files and systems from home.

Internet technology has made it possible for an employee to work from home and stay in touch with colleagues in the office or other locations.

Which people in government and public administration act as first responders during emergencies?
Law enforcement professionals, such as ________, act as the country’s first responders during emergencies, such as natural disasters.

Answers

Answer:

see below

Explanation:

Law enforcement professionals, such as state police offices, general law enforcement officers, firefighters, emergency medical technicians (EMT's) paramedic act as the country's first responders during emergencies, such as natural disasters. In some situations, the U.S. marshals, deputy marshals, and the military also respond to emergencies.

The principal responsibility of law enforcement officers is to protect citizen's lives and property. In times of emergencies, law enforcement agencies are expected to execute their mandate with care and speed.

PLSS HELP -->> societies make decisions about who gets the goods they produce by:

A. dividing goods based on the factors of production used to make them
B. determining whether a good has a high enough level of scarcity
C. considering whether the government should distribute the goods
D. differentiating between goods created using physical and human capital

Answers

Answer: C

Explanation: it’s c

Societies decide the distribution of goods being produced by considering if the government should take control of the same.

What is distribution of goods?

The allocation of goods being produced in a society, which may or may not be under authority of a person, is known as distribution of goods.

Hence, option C holds true regarding the distribution of goods.

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An information search can be formal or informal.
True
O False

Answers

Answer:

This is false. An information search must be formal

Revenue, Expense, and Drawings are all examples of owner’s equity accounts.

Answers

Answer:

True

Explanation:

Equity is the owner's interest in a business. It is made up of the owners' contribution plus any gains or losses realized from the business.

Equity is increased by additional capital or when the business makes a profit. It decreases when the owner makes some drawings or when the business incurs losses.

Equity accounts include drawing because they reduce equity. Revenue account increases profits and capital and expenses accounts that reduce equity.

The ________ approach to performance measurement was introduced as a way to evaluate organizational performance from more than just the financial perspective.

Answers

Answer:

c) balanced scorecard

Explanation:

The options for the question we are;

A) market value

B) economic value

C) balanced scorecard

D) financial control

c) balanced scorecard

A balanced scorecard can be regarded as a strategic management performance that is engaged in the improvements as well as identification of internal business functions as well as external outcomes that result from there. It is a tool that helps in returning feedback to an organization. It should be noted that balanced scorecard approach to performance measurement was introduced as a way to evaluate organizational performance from more than just the financial perspective.

A milestone occurring in which of these increments of time will be the farthest to the left on a timeline? 4 months 5 days 3 weeks 2 years

Answers

Answer:

A milestone occurring in 3 years of increments of time will be the farthest to the right on a timeline.

Explanation:

Here in the given options the increments of time are given.

Here, 3 years > 8 months > 12 weeks > 60 days.

Because, 3 years ≡ (3 × 365) days ≡ 1095 days

8 months ≡ (8 × 30) days ≡ 240 days

12 weeks ≡ (12 × 7) days ≡ 84 days.

Therefore, a milestone occurring in 3 years of increments of time will be the farthest to the right on a timeline.

What’s the answer???

Answers

Answer:

I am not sure but I think it would be B right?

Explanation:

Because she already has $10 to go to the movie right, so she would use that 10 dollars to go to the movie with her friend?

Pam and Ralph work at a factory with a labor union. Pam and Ralph may have to


trust another person to negotiate their wages

attend training during unpaid overtime

reduce working hours to increase productivity

have their wages garnished to avoid unemployment

Answers

Answer: have their wages garnished to avoid unemployment

Explanation:

Pam and Ralph must garnished their wages too avoid unemployment in future.  This is because they have to decide the actual pay per day or monthly to avoid any kind of discrimination with their employers. They must also negotiate with their employers for payment to avoid unemployment due to high pay. They should not trust others for the negotiation with others. They can attend training for a work but it should be paid according to the labor standards and it should not include overtime.

Answer:

a) trust another person to negotiate their wages

Explanation:

Read the excerpt from a supporting opinion of the Supreme Court’s ruling in Plessy v. Ferguson.

If the civil and political rights of both races be equal, one cannot be inferior to the other civilly or politically. If one race be inferior to the other socially, the Constitution of the United States cannot put them upon the same plane.

How does this relate to the premises of Brown v. Board of Education?

Answers

Answer:

The excerpt relates to the premises of Brown v. Board of Education, in that Brown v. Board of Education put an end to school segregation on the basis that Black Americans were being discriminated against when they were obliged to attend their own, separate schools and universities, and when they were not allowed to attend education facilities were white people were present.

The Supreme Court in both cases ruled against discrimination of Black Americans because this discrimination represents a violation of their civil and political rights, which are supposed to be guaranteed under the U.S. Constitution.

Answer: A

Explanation: because I passed

The field of economics is most concerned with studying:

A. the ways physical capital is formed in nature
B. the biological differences between people's wants and needs
C. the ways people elect their leaders in a democracy
D. the choices people make with limited resources

Answers

Answer:

I think :

D. the choices people make with limited resources.

The field of economics is most concerned with studying the choices people make with limited resources. Thus option D is correct.

What is the Economics system?

An economic system is a mechanism used by communities or authorities to coordinate and allocate wealth, activities, and goods throughout a territory or nation. The factors that affect production, such as land, cash, labor, and natural facilities, are governed by economic structures.

In economics, it is studied what people want and what are their needs. This is to make sure that how with the limited amount of resources the people adjust.

The choices that they make. Also how the resources rea being allocated. As the market provides different choices people will take choose accordingly.  Therefore, option D is the correct option.

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Businesses are important to a free enterprise system because they?

Answers

Answer:

A.provide consumers with goods and services

Multiple choices

A.provide consumers with goods and services

B. make legal decisions related to property rights.

C. prevent entrepreneurs from taking to many risks.

D. enforce economic regulations to protect citizens. ​

Explanation:

Production of goods and services is done by the private sector in a free enterprise system. A majority of the factors of production belong to the private sector. The government does not actively participate in economic activities.

In the free enterprise system, the private sector produces and distributes goods and services in the economy. In other words, all the goods and services consumed in a free enterprise system are produced by the private sector.

A country decides to impose a tax to reduce the external cost created by carbon emissions. Prior to the tax,____
and as a result of the tax,_____
A. marginal cost equals marginal benefit, marginal cost will be less than marginal benefit
B. there was no deadweight loss; a market failure occurs because taxes reduce production
C. market failure occurred; the deadweight loss is reduced
D. market failure occurred producer surplus will equal consumer surplus
E. producer surplus equals consumer surplus; marginal cost equals marginal benefit

Answers

Answer:

C. market failure occurred; the deadweight loss is reduced

Explanation:

Carbon emissions produce externalities: they affect others not involved in the transaction, in the form of pollution, or in the form of contributions to climate change. Externalities are a form of market failure because in this situation, the market fails to allocate resources in a way that produces the best social benefit (the Pareto Optimum).

To correct the externality, a tax is imposed, this type of tax is known as a Pigouvian tax. The Pigouvian tax reduces the deadweight loss caused by the externality.

What type of special title insurance policy is used when a property is being purchased through a land sales contract, purchase money mortgage, or purchase money trust deed

Answers

Answer:

A vendee policy.

Explanation:

A vendee policy is a type of special title insurance policy that is used when a property is being purchased through a land sales contract, purchase money mortgage, or purchase money trust deed.

This ultimately implies that, a vendee policy is an equitable buyer's lien issued to the purchaser of a real estate property in order to protect them in terms of repayment of the money being made as payment. It serves as a form of security for the buyer of a real estate property and as such it is enforceable by a court of competent jurisdiction.

I need help please n thanks

Answers

Answer:

The first foundation is called THE foundation  You need to maintain a accurate balance so you can keep track

Explanation:

Pretend you make $500 worth of purchases on your credit card, your bill arrives saying your minimum payment due is $20, and you pay that amount before the due date. Describe how credit card interest works and what you can expect to happen next

Answers

Explanation:

One may ask: what is a credit card? In simple words, a credit card is a payment instrument (plastic card) that allows the cardholder to spend money they don't personally own in their account.

Hence, A typical credit card statement would inform me that I made a purchase worth $500, stating

The Payment Due Date: For example, it may be written that I must have made the credit balance by 31/12/XX. (Note, Failure to do so would in most cases lead to accruing of interest)The Minimum payment due: In this case, the $20 signifies a minimum payment that is significant enough to be recorded till the entire $500 balance is covered. However, it is not intended that only that amount be paid each month. If it were to be it would take me 25 months or 2 years 1 month ($500/$20) to complete the balance; which is not the best option likely considering the accrued interest to be paid.

Omer Service Reading
QUESTION 9 of 10:
happens when there is not enough staff to handle the customers.
OOOO
a) Customer service
b) Employment laws
c) Overstaffing
O d) Understaffing
Submit

Answers

The answer that makes most sense is D

T/F There may be occasional reasons to go into debt, like real emergencies.

Answers

True, but could you elaborate on this ?

Select the pathway that best matches the career.

Meghan operates a machine that mixes ingredients for sauces.
Tim harvests fruit and vegetables by hand.
Alex fixes and maintains large farm equipment.

Answers

Answer: A- food products and processing system B- plant system B- power, structural, and technical systems

Answer:A , B , B

Explanation:

Trust

Describe the difference between an idea and a business opportunity.

Answers

Answer:

Idea is a thought and business opportunity is what job you want.

Explanation:

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