Which of the following accounts are most likely to be used in a journal entry to record the budget? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. Revenues b Expenditures с Appropriations d Fund Balance

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A: A journal entry records a business transaction in the accounting system for an organization. Journal…

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A: Spending variance is the representation of the difference that arises in due to actual and the…

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A: Partnership refers to the business type in which two or more partners combined together to form a…

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A: The manufacturing overhead is applied to the production on the basis of pre-determined overhead…

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A: The investment is part of the assets of the company. The investment that is expected to be sold…

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A: Loans involve an agreement between the lender and the borrower, outlining the terms and conditions…

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A: Dividends are of two types Stock dividends and Cash dividends. Stock dividend is given to the…

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A: In accounting, Ratios shows the relationship between two components of financial statement.Gross…

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A: The FIFO (First-In, First-Out) method is an inventory  valuation method used to determine the cost…

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Q: The total return on the investment is __​%.

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Q: pp. Subject :- Accounting

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A: Selling price is the sum of all cost plus reasonable profit.

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A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

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Budgeted Income Statement

Accounting is the process of recording business-related financial transactions. The process of accounting involves summarizing and analyzing the transactions. The financial statements which are prepared in accounting contain a summary of the various transactions that took place within a certain accounting period. Book-keeping or accounting is one of the most important activities of any business.