Opening a ledger account involves
A. recording the account title on the ledger page.
B. recording the account title and account number on the ledger page.
C. recording the account title, account number, and account balance on the ledger page.
D. posting the debit amount, credit amount, and source explanation to the ledger page.

Answers

Answer 1
B. recording the account title and account number on the ledger page. 
Answer 2

Opening a ledger account involves recording the account title and account number on the ledger page.

What do you mean by ledger account?

Ledger account is also called as a principal book of accounts. A ledger account is an account which contains a record of business transactions. In accounting, a ledger account book contains different accounts where records of transactions pertaining to a specific account is stored.

Maintaining a ledger account involves recording the account title and account number on the ledger page. It is necessary as it provides a record of every financial transaction that takes place during an operating company's life. Thus, it includes accounts for assets, liabilities, revenues, expenses, and owners' equity.

When opening a ledger account it involves recording the account title and account number on the top of a ledger page.

Hence, option B is correct.

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Related Questions

The fund whose main objective is growth is known as a(n) _____ fund.

Answers

I'm not sure about this, but I think it's just called a growth fund.

Which of the following correctly arranges market structures in order from easiest entry to hardest entry?

Answers

Pure competition, monopolistic  competition, oligopoly, monopoly 

Marques owes 32 more payments on a loan that was originally a $20,000 5-year 6% apr loan with monthly payments. how much is his outstanding principal balance?

Answers

Calculate the value, A, of the original loan.
A = 20000*(1 + 0.06/12)⁶⁰ = $26,977.00

Calculate the monthly payment
p = 26977/60 = $449.62

After 32 payments, the remaining value of the loan is
26977 - 32*449.62 = $12,589.27
The number of remaining payments is 60-32 = 28.
 
If x = the outstanding principal balance, then
x*(1 + 0.06/12)²⁸ = 12589.27
1.15x = 12.589.27
x = 10947.19

Answer: The outstanding principal balance is $10,947.19

Although passion is needed to run a busniess, it must be tempered with logical and rationality a business plan does this by

Answers

putting goals into concrete words which will be a guide to running a successful business and also listing the company mission which will give more strength to the passion required to be able to stick with meeting goals. By creating a list of objectives, this helps keep a person on track to eventually have a thriving,vibrant business.

Oh no! someone stole your credit card and charged $2,500 worth of purchases before you even knew the card was missing. how much of the unauthorized charges can you be required to pay?

Answers

50 dollars back simple.

A prototype includes ________ in a category. an exemplar includes ________ in the category.

Answers

the answer to this question is  the most typical concept; all examples of concepts
A prototype is usually the fruit of the imagination of the final form of the product and not ready yet to be introduced to the market. An examplar on the other hand, already gone through several trial and error and might be ready for the market even though it may possess several defects
Final answer:

A prototype is the ideal or most representative example of a category, while an exemplar is a specific instance or example within a category based on personal experience. Prototypes are used as cognitive reference points, and can be physical or virtual for evaluating designs, including using computer-aided design and drafting. Exemplars are based on individual experiences and provide comparison points within a category.

Explanation:

A prototype includes the best example or representation in a category. An exemplar includes a specific instance within the category that a person has encountered in the past. Prototypes serve as a cognitive reference point that helps to categorize and identify new objects or concepts that belong to the same group. While exemplars are concrete examples collected from individual experiences that align with the prototype or may vary slightly from it, serving as a comparison point within a category. For instance, when considering the concept of a 'bird', a robin may serve as a prototype, as it embodies common features that people typically associate with birds. An exemplar of a bird, however, could be a particular peacock that one has seen.

Prototypes can be both physical or virtual. A physical prototype is a tangible representation made from materials, which could be the same as or different from the materials intended for the final design. This helps in evaluating the design in a tangible form. A virtual prototype, often created using computer-aided design and drafting (CADD) software, enables designers to simulate and evaluate their designs in a digital environment without physical implementation.

By understanding the difference between prototypes and exemplars, students can better grasp how concepts are formed, stored, and recalled within the cognitive processes of the human brain. This distinction also has practical implications in fields such as product design and engineering, where prototypes are crucial for design evaluation and refinement.

Since 1960, when the central american beef market began booming, over 25% of the rainforests have been cleared for cattle grazing.
a. True
b. False

Answers

Since 1960, when the central american beef market began booming, over 25% of the rainforests have been cleared for cattle grazing. - a. True

The statement in the question indicates that since the year 1960, over 25% of the total rainforests have been cleared for cattle grazing, particularly in Central America. Given that deforestation for cattle ranching and farming greatly contributes to the environmental destruction of rainforests, this statement would be true.

In addition to this, research also points out that cattle ranching is indeed a major driver of deforestation in South American countries, with international demand and government policies playing significant roles in this process. Additionally, deforestation contributes to a buildup of greenhouse gases like CO2 and methane, which exacerbate global warming issues

What must be done prior to making forcible entry into a fire building?

Answers

The fire attack team must be ready

________ is the process of receiving, storing, handling, and tracking of everything in a company's stock.

Answers

The answer is inventory control.
Inventory control is the process of receiving, storing, handling, and tracking of everything in a company's stock.
Inventory frequently makes up a substantial part of an operational expense's and therefore, proper inventory management is an approach to minimize expenses while guaranteeing that every single vital material are in stock and put away in the correct spots. The systems which are used for managing inventory are:Inventory control Reserve stock system and just-in-time (JIT) inventory

When evaluating a balance sheet, the two primary questions are ________?

Answers

In terms of evaluating balance sheet, the two primary questions that are being formulated are the following;

-          The assets are financially secure or stable

-          The firm has assets that are sufficient and are short term in means of having debts that are only short and temporary.

Suppose that sally j. society recently lost her job as an underwater welder. in looking for a new​ job, she discovers that the only available jobs are for economists and that there are no openings for underwater welders because the trade is now obsolete. if sally j. society decides to return to school to earn an economics​ degree, what is the best classification of her unemployment​ status?
a. cyclically unemployed
b. seasonally unemployed
c. structurally unemployed
d. frictionally unemployed

Answers

I believe it's frictionally unemployed, because she is transitioning into another job but will inevitably face friction in the process.

terrorism suspects do not have to be read miranda rights

True or false?

Answers

False because all criminals have to be read the Miranda rights they always have to.    
Miranda Rights.
You have the right to remain silent. Anything you say can and will be used against you in a court of law. You have the right to speak to an attorney, and to have an attorney present during any questioning.

what takes place during pre-planning?

Answers

During pre-planning, planning is being taken place during this stage in which the planning or brain storming is being done in advance in a form of having to organize the things that a team should do to finish task ahead of time or just right in time.
Final answer:

Pre-planning includes preparing concepts, coordinating design and technical elements during rehearsals, and ensuring all creative parties are aligned. This phase is vital in theatre production for bringing a concept to life and in writing for idea generation and organization. Clear timelines and team coordination are also crucial for successful project implementation.

Explanation:

Pre-planning is an integral part of the creative process in various fields, including the arts and project management. During this phase, comprehensive preparation takes place, which includes the development of concepts, outlining logistical details, and coordinating the integration of different aspects of a project. In the context of theatre production, for instance, the director shifts focus from the actors to the entire production ensemble during technical rehearsals. This period is crucial for making necessary adjustments to the design and technical elements that have been discussed in previous production meetings. It's essential for the director and designers to collaborate, fine-tune details, and ensure that the concept, once only on paper, comes to life harmoniously with all its moving parts, defending against any unforeseen situations.

Meanwhile, in the realm of writing, prewriting activities, such as reflection and brainstorming, are fundamental to generating ideas. These activities form the bedrock of planning, helping writers organize their thoughts and proceed systematically through the writing process. Similarly, in project implementation, clear timelines and the alignment of team members' schedules are vital for managing the workflow and ensuring the success of new programs.

The median family income in the united states in 2014 was approximately __________.

Answers

According to the U.S. Census Bureau's 2014 report on Income and Poverty in the United States, the median family income was $53,657 in 2014. This was a slight decrease on 2013's figure ($54,462), though this drop was not seen as statistically significant.

Sherman's strategy of destroying the enemy's resources and morale is known as "__________."

Answers

the answer is total war


The answer is total war.

Diminishing returns set in after the ________ truck is purchased.

Answers

The answer in the space provided is second. The diminishing returns set happens when there is an increase with the input variable and by this, it will likely cause the output to decrease as the marginal increase and in the same time, other inputs remains to be in constant.

Consider this argument: "if the price quote from college insignias is lower than the price quote from university logos, then we will get the t-shirts for our acs relay for life team printed at college insignias. the price quote from college insignias is lower than the price quote from university logos. therefore, we will get the t-shirts for our acs relay for life team printed at college insignias." that argument is an example of __________.

Answers

This is a valid argument, and is made so by affirming the antecedent. The prior statement, regarding prices between the two companies, was shown to be the case, and therefore the group buying the shirts will do so at the company they had originally claimed they would. They have affirmed the prior statement, so the argument is valid.
Final answer:

The argument is an example of a valid deductive inference known as modus ponens, where the conclusion is guaranteed to be true if the premises are true.

Explanation:

The argument presented in the student's question is an example of a valid deductive inference. This type of reasoning involves drawing a conclusion based on premises that logically follow one another. If the premises are true, the conclusion must also be true. In this case, the premises are: 1) If the price quote from College Insignias is lower than the price quote from University Logos, the t-shirts will be printed at College Insignias, and 2) The price quote from College Insignias is lower. Based on these premises, the conclusion drawn is that the t-shirts will be printed at College Insignias. This is a modus ponens argument form, which is a common form of deductive argument where the conclusion is guaranteed if the premises are both true.

Consider the stock of ocean tuna which is massively overfished. it is rational for an individual to exploit the resource rather than to conserve the stock because

Answers

Ocean Tuna is massively overfished even though there is already an abundant supply. The reason for this is that it cost less to harvest the fish than it does to maintain a stock of the fish. This answer however, is still debated by some experts who argue that this method is not healthy for our oceans.

The tragedy of the commons occurs because
a. people consider the value of resources in the future more than in the present.
b. markets do not account for the presence of property rights.
c. common resources are rival in consumption.
d. government does not efficiently allocate society's scarce resources.

Answers

c. common resources are rival in consumption. In the tragedy of the commons, William Forster Lloyd presented the example of a common resource being over used and destroyed because for any individual abusing the resource, they gained a benefit while the damage to the resource was paid by everyone. So let's look at the available options and see what makes sense, or doesn't make sense. a. people consider the value of resources in the future more than in the present. * If this were true, the there wouldn't be a tragedy of the commons. So this is an incorrect answer. b. markets do not account for the presence of property rights. * The tragedy of the commons doesn't involve property rights. EVERYONE in the community is allowed to use the commons. The problem is irresponsible overuse of the common resource. So this is also an incorrect answer. c. common resources are rival in consumption. * This is the correct answer. The concept of Rivalry is where a common resource can not be simultaneous consumed by multiple users, or if the consumption of a resource decreases its utility to another consumer. In the tragedy, if one person grazes (consumes) more than their fair share, the commons gets over grazed and over time stops producing. Each person who's overgrazing does get a tangible short term benefit for doing so, but everyone has to pay the cost. d. government does not efficiently allocate society's scarce resources. * This is also a wrong answer. It's true that the commons could be regulated by the government, but then it would no longer be the commons.

A voluntary tricare health maintenance organization type of option is known as

Answers

A voluntary tricare health maintenance organization type of option is known as TRICARE Prime. Being a member of this tricare gives a possibility to choose a primary doctor, that coordinates all of your health care, from a network. Also, it offers routine exams, immunizations and preventive services with no copayment.

Which county office has responsibility for determining the value of real estate?

Answers

The county office responsible for determining the value of real estate is the Assessor

Mike sells navel oranges in a market where there are a lot of other sellers and faces a perfectly elastic demand curve for oranges. he hires 10 workers in a perfectly competitive market to help him with picking oranges. given this information, it can be said that:

Answers

it can be said that the demand for workers is a positive function of the prevailing market wage rate.
Under the current market which had a lot of competitors with similar products, the most important factors that could improve mike position in the market is the amount of workers that could improve his customer service and productivity.

The policing strategy that utilizes data analysis to drive decision-making in order to prevent crime is known as:

Answers

The policing strategy that utilizes data analysis to drive decision-making in order to prevent crime is known as intelligence-led policing.
Intelligence-led policing or ILP is the policing model that construct around throughout the assessment and management of risk, it follows a managerial model.

Organized ____________ has a broad definition in north america ranging from community organizations to both interscholastic and club programs.

Answers

Organized youth sport has a broad definition in North America ranging from community organizations to both interscholastic and club programs. There are 4 types of youth sport in North America which are classes, instructional leagues, competitive leagues, and after-school programs.

Which of these expressions should an american businessperson avoid in a meeting with foreign business representatives?

Answers

1. Avoid being ironic or sarcastic.This is because not all humorous statements could be understood or could be humorous to all other cultures in the world. There is some humor which cannot be explained or understood well by other foreign people. 2. Do not use complicated languages for reasoning or for giving concepts.This is to avoid any miscommunication between two parties and also to provide them access to use their own languages. 3. Avoid being discourteousIf you are in doubt, don't rush or panic. Make sure to call people using their first names if you don't have any idea if he or she is a male or female.

Using an adjustable wrench can save time when you are working with _____.

Answers

Using an adjustable wrench can save time when you are working with different types of sizes of nuts/bolts.
nuts and bolts is the official answer

What is the major source of revenue for most state governments?

A: Sales and individual income taxes.
B: Property and gasoline taxes.
C: Alcohol and tobacco taxes
D: Business income and licensing taxes.

Answers

b: sales and individual income taxes

Answer:

A: Sales and individual income taxes.

Explanation:

States collect taxes from individuals and organizations to maintain the state government operation and public services and they are different in each state as the states define their tax system. State governments collect taxes from 3 major sources that are sales, income and property taxes. According to this, the answer is that the major source of revenue for most state governments is sales and individual income taxes.

Todd, who graduated with a degree in history, has prolonged, relevant experience and significant on- the-job training as a real estate agent. you want to buy a condo and so you consider asking todd to be your agent. this will be the first time you ever bought real estate. todd agrees to represent you and then shows you three condos in your price range. although he does not tell you this, todd owns two of the three himself. in this situation is todd an expert whom you would be wise to trust to give you advice and information about buying a condo?

Answers

Originally, I thought I would consider Todd to be my agent. After finding out that Todd did not inform me concerning his ownership of the two condos, I don't believe I would be comfortable with him. While his ownership may not change anything, I just was uncomfortable with the fact that he didn't tell me.
Final answer:

It would be wise to trust Todd to give advice about buying a condo, but be aware of potential conflicts of interest due to his ownership of two of the condos.

Explanation:

Todd, who graduated with a degree in history, has relevant experience and on-the-job training as a real estate agent. Considering his qualifications, it would be wise to trust him to provide advice and information about buying a condo. However, it is important to note that Todd owns two out of the three condos he is showing you, which may present a conflict of interest.

As an expert, Todd can offer valuable insights into the real estate market, provide guidance on the buying process, and help you navigate through potential pitfalls. However, it is essential to ensure there is transparency and open communication regarding Todd's ownership of the condos. This will help you make informed decisions while considering all potential biases.

Which form of mass media was developed from a defense department project?

Answers

Answer:

the internet was developed from a defense department project

The Advanced Research Projects Agency (ARPA) of the US Department of Defense created the ARPANET. This form of mass media was developed.

What do you mean by the defense department project?

The Department of Defense provides the armed forces required to prevent conflict and safeguard American security. The DoD, or Department of Defense, of the United States.

America's largest federal organization is the Department of Defense. Our military has roots that date back to before the American Revolution, and the department has developed and grown with our country. Our goal is to provide the military resources required to prevent war and maintain the security of our country.

When the Computer Science Network was sponsored by the National Science Foundation (NSF) in 1981, access to the ARPANET was increased (CSNET).

Therefore, the Advanced Research Projects Agency (ARPA) of the US Department of Defense created the ARPANET. This form of mass media was developed.

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Suppose the price of a tie rises from $45 to $55. using the midpoint method, what is the percentage change in price?

Answers

By midpoint formula, the percentage change in the price of a tie = {( $55 - $45) / [($45 + $55)/2]} * 100 = (10/50) * 100 = 20 percent
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