Is Capital debit or credit?

Q: Is a drawing account capital?

A: Drawings: It refers to the withdrawals made by the owner from the business including cash, goods,…

Q: What are the pro forma financial statements?

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: What is analysis of financial statements?

A: Explain the  meaning of financial statement analysis:Financial statements: Financial statements are…

Q: Why is it necessary to make a distinction between Capital and Revenue Receipts and Capital and…

A: Capital receipts: These receipts are income that is earned from the investment and financing…

Q: What is debit

A: Debit is an entry recorded in the left side column of an account.

Q: What is owner Capital listed as a debit or credit

A: Solution: Owner capital is the amount of capital invested in business by owner. This is shown as…

Q: What type of capital is accounts receivable? Group of answer choices Human. Intangible Physical.…

A: Accounts receivables are the current assets of an entity. These can be converted into cash within a…

Q: what is creditor and debtor?

A: Balance sheet: It refers to a financial statement that shows all the liabilities, assets, and…

Q: What is Financial Capital to you? Can you define financial capital and physical capital?

A: Capital Capital is referred to as anything through which the owner can confer benefit or value and…

Q: Accounts payable is part of the Working Capital. " O True O False

A: Working capital It is the variance between the entity’s current assets and the current liabilities.

Q: What is accrual accounting?

A: Accrual basis of accounting is an accounting method based on which accrual transaction are recorded…

Q: What is Debt Service?

A: Step 1 The amount of money required to pay interest on the loan with the principal over some time is…

Q: What are the benefits of pro forma financial statements?

A: Pro forma financial statement:Pro forma financial statements is a report which are prepared on the…

Q: What is the difference between cash basis accounting and accrual basis accounting?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: What is the Principle of Investing in Financial Assets?

A: A financial asset is a liquid asset that gets its value from an authoritative right or guarantee to…

Q: Why is the accrual basis of accounting generally preferred over the cash basis?

A: Accrual accounting aims to record the impacts of accounting events in the period when such events…

Q: financial assertion

A: Financial assertions are statements made by management in an an assertive way regarding the items in…

Q: When is debt to asset ratio important when raising money

A: Debt to asset ratio is one of the important ratios that we use in finance. This is essentially a…

Q: Why is financial reporting important?

A: Financial reporting refers to the practices whereby companies report the financial statement. These…

Q: Explain Net Income versus Cash Flow?

A: Definition: Statement of cash flows: This statement reports all the cash transactions which are…

Q: What is Owner’s Capital or Equity Financing? Asap

A: Equity financing refers to the practice of raising funds by selling stock. Companies raise funds for…

Q: Why are the rules of debit and credit same for both liability and capital?

A:

Q: What is equity method accounting?

A: Equity method of accounting is the accounting method used to account for investments in associates…

Q: What is meant by net income and net loss?

A: When the company has more amount of revenue it would have positive income whereas when company has…

Q: Net income *?

A: Looking the bottom line of the income statement, net income = P650000

Q: Instruments of money market .Explain it

A: Money Market are short-term instruments used for financing. These instruments aim to increase the…

Q: What are the forms of money ?

A: Answer are as follows.

Q: Explain the accounting equation while considering the relationship between asset, liabilities and…

A: Accounting equation of accounting says that after every business transaction total of assets should…

Q: What is accrual vs cash basis accounting. Explain with examples?

A: Under accrual basis of accounting, transactions are recorded & recognized as and when they…

Q: How do you treat net loss on a balance sheet?

A: Balance sheet: It refers to a financial statement that shows all the liabilities, assets, and…

Q: When are debits increases? When are debits decreases?

A: Debits Increases and Decreases: This forms a fundamental part of understanding of the flow of…

Q: What does the balance sheet report?

A: A balance sheet is a financial statements which reports Assets, Liabilities and shareholders equity…

Q: Explain Capital Accounts?

A: Capital :                 Generally refers to the amount invested in an enterprise by its owners eg…

Q: What is accural vs cash basis accounting. Explain with examples?

A: Cash Accounting: A form of accounting in which receipts are reported during the period in which they…

Q: What are financial obligations? How they can be overcome?

A: Liabilities:The claims creditors have over assets or resources of a company are referred to as…

Q: Which concept is applied to net income and other comprehensive income? A. Borrowed Capital B.…

A:

Q: What is equity?

A: Balance sheet is one of the financial statements of a company, prepared at the end of the financial…

Q: What’s financial instrument

A: Financial instruments can be broadly divided into: a. cash instruments b. derivatives instruments

Q: how do expenses affect equity?

A: Equity represents the sum which hs been contributed by the owners or which belongs to the equity…

Q: what is assets? what is non-current assets? what is current assets? what is equity? what is…

A: Since you have asked multiple questions, we will solve the first seveb questions for you. If you…

Q: What does a balance sheet show?

A: The financial statements of the business includes the income statement and balance sheet of the…

Q: at is accural vs cash basis accounting. Explain with example.

A: Cash Accounting: A form of accounting in which receipts are reported during the period in which they…

Q: accrual vs cash basis accounting? Explain with e

A: Accounting is a medium of communication, like any language that we use. For example, two people can…

Q: Identify the relationship between money, credit?

A: Money is considered as the financial medium exchanged between parties that enable the transaction.…

Q: Is Cash Flow more important than  Accrual Based Income?

A: Cash flow: It can be defined as the aggregated balance of cash and cash equivalents that are…

Q: Differentiate between net income and net cash flow?

A: Net Income is the difference between revenue and expenses recognized in an accounting period.Net…

Q: What is Asset and Liabilities?

A: The balance sheet is the financial statements of the business which displays the assets and…