I would like to open a business account. Outline the steps required to open the most suitable business account

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Q: The partners of M / S Hiralal and Co, approach you with a request to open a current account in the…

A: Businesses, trusts, professionals, associations, societies, institutions, etc. opens current account…

Q: The partners of M/S Hiralal and Co. approach you with a request to open a current account in the…

A: Here the partners of M/S Hiralal and co. should 1st choose a bank on which they want to open a…

Q: While processing the accounting Information Manually You would have to go through the Accounting…

A: Transaction is the activity in which buying and selling of goods and services take place whether by…

Q: May someone please show me the accounting equation and financial position for this? Thank you in…

A: Accounting equation of the business says that total assets in the business must always equal to…

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A: The term "sole proprietorship" refers to a person who establishes their own company by themselves.

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A: The accounting equation signifies that the assets of a business are always equal to the total of the…

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Q: chart of accounts

A: Chart of Accounts -: A Chart of Accounts also known as COA is an index of all the financial accounts…

Q: Define the Words “Accounting” in your own Words then add the Witty Hashtag about accounting

A: Accounting is the art of summarizing the financial data of the organization through proper book…

Q: Which process of the accounting cycle often requires the most analytical thought?A. making a journal…

A: Accounting cycle is the detailed process of recording, classifying, summarising and reporting…

Q: Select an organization (or make one up) that markets to other businesses. Discuss how online…

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A: Accounting can be referred to as a process which includes the recording of financial transactions of…

Q: ar tutor, kindly assist me to solve both question by showing step by steps. thank you. advanced…

A: In the given case, CBA acquires shares of GHB in exchange for shares. At the time of acquisition,…

Q: Analyze typical business transactions and choose suitable account headings for your income…

A: 1. Journal Entries - Journal Entries are the recording of transactions of the organization. It is…

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A: Journal entries refer to the recording of transactions in an appropriate way. With the help of…

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Q: In accounting for a business, what does it mean to apply credits? Please explain.

A: Business transactions are happenings that have a financial impact on the financial statements of a…

Q: Who will create and maintain the accounting systemthat you use to record routine business…

A: An accounting system is a system utilized in an organization to record transactions. It tends to be…

Q: Choose the term or phrase below that best completes statement: __________ is the recording of…

A: Account: It can be defined as a record that is maintained in the accounting system to track the…

Q: How can we check the Financial Status for Businesses?

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A: Companies sometimes issue cheques for the Payment of certain expenses and to the Payment of their…

Q: do all business transactions require journal entries?

A: Yes all business transactions required journal entries. Journal entries are double entry accounting…

Q: Select any ONE  organization  of your choice and  name atleast 7 common  assets that  business would…

A: Common assets are resources utilized by businesses in typical commercial operations. Examples of…

Q: Give two examples of business transactions that require recording a journal entry, and write the…

A: Journal entries are the building blocks of accounting, which is the act of recording the economic or…

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Q: When would you use a SWOT analysis to help you make business decisions?

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A: Financial Statements Includes Income statement and Balance sheet. Income statement shows Financial…

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Q: Choose A, B, C or D and explain your solution 3. External users of accounting information are: A.…

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Q: What are the checklist on making a business plan

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Q: Any written evidence in support of a business transaction is called   (A) Journal   (B) Ledger…

A: We have the following question: Any written evidence in support of a business transaction is called:…