Which of the following is not one of the major groups that make up the balance of payments? O a. capital account b. current account c. profit account С. d. financial account

Q: According to generally accepted accounting principles, whatis the balance sheet valuation of each of…

A: Balance sheet: This financial statement reports a company’s resources (assets) and claims of…

Q: ) POINT OUT THE MAJOR DIFFERENCES OF  BALANCE SHEET (B/S), INCOME STATEMENT (I/S) AND CASH FLOW…

A: Financial statements are the reports that shows entity's financial position and information such as…

Q: Which of the following will you expect in an income statement?   Professional Fees Accounts…

A: The income statement includes all the revenue-related items and also all the expenses. Excess of…

Q: Which of the following is not shown in a balance sheet? O a. Current assets O b. Liability O C.…

A: The balance sheet shows the financial position of the entity and it shows the resources controlled…

Q: d. Unearned Income 2. Which of the following is an element of a statement of comprehensive income?…

A: (1.)  Revenues is an element of a statement of comprehensive income. Therefore, the option (b)…

Q: choose the right answer Of the following account types, which would be increased by a debit?…

A: I assumed the first MCQ as first question And next MCQ as second question.

Q: Which of the following is a nominal account? a. Retained earnings b. Accounts receivable c.…

A: Nominal account includes all of a company's income statement items and the balance of owner's…

Q: How many of the following items are found on the balance sheet, rather than the income statement? •…

A: A balance sheet is a financial statement that reports a company's assets, liabilities, and…

Q: Which of the following accounts is increased by a debit?A. Common StockB. Accounts PayableC.…

A: Debit and credit are two sides of account in accounting framework. All assets, expenses and…

Q: Which of the following is a permanent account? a. Dividends Distributed b. Allowance for Doubtful…

A: Permanent accounts means an account which we do not write off in profit and loss account or trading…

Q: What is the main objective of financial accounting? Choose the correct. [A] profit and loss account…

A: Financial statements:   It refers to the end reports that summarises the business activities for a…

Q: What is the income-statement method of accounting

A: An income-statement method is an accounting system wherein the allowance for uncertainty in accounts…

Q: Which of the following accounts would appear only in an accrual basis accounting system, and which…

A: Cash basis of accounting system :  In cash basis of accounting system , the accounts are recorded…

Q: asis accounting. Explain with examples?

A: Answer: Basis of differences Cash Basis Accrual Basis Types of transactions recorded Only cash…

Q: 1. Describe the difference between the types of accounts in the Balance sheet and those in the…

A: Note: Hi! Thank you for the question As per the honor code, We’ll answer the first question since…

Q: prepaid expenses

A: Accounting treatment of prepaid expenses will be:  Correct Answer :- D Deducted from the Expenses in…

Q: Which among the following accounts will increase with a debit? a. Service revenue b. Capital c.…

A: Debit and credit terms has been used in accounting for various purpose.

Q: Which of the following is the basic accounting equation? a.Assets = Stockho ' Equity - Liabilities…

A: The correct option is  b.Assets - Liabilities =Stockholders' Equity

Q: Accrual accounting is the main takeaway here due to the what principle

A: Accrual accounting is an accounting method where revenue or expenses are recorded when a transaction…

Q: Accounting equation is developed based on which of the following ? a. Historical cost b. Money…

A: An accounting equation is an equation which states that asset is equal to the sum of liability and…

Q: Which of the following is NOT a financial statement?Choose one answer.a. Income statement b. Balance…

A: Financial statements: These refer to the formal or official records of the activities of the…

Q: Which of the following is not one of the major groups that make up the balance of payments? O a.…

A: A balance of payments account is an account of a corporation through which the corporation measures…

Q: Which of the following equations is the standard basic accounting equation? Assets minus owner's…

A: Accounting equation means the relation between the assets , liabilities and owner equity. Assets…

Q: Which of the following normally have a debit balance? Liability accounts Equity or capital accounts…

A: Assets, expenses, losses, and the owner's drawing account will normally have debit balances.Their…

Q: Which of the following is not one of the major groups that make up the balance of payments? O a.…

A: Balance of payment is a statement which records all the transactions of monetary nature incurred…

Q: What does the balance sheet measure? What is the “Accounting Equation” used in a balance sheet?

A: Financial statements are the reports that indicate the performance of the business during the…

Q: Which one of the following can the accounting equation can be rewritten as? A Assets + profit –…

A: Given the following options: Assets + profit – drawings – liabilities = closing capital Assets –…

Q: Which of the following is in accordance with generally accepted accounting principles? Select one:…

A: Generally accepted accounting principles improves the clarity,  consistency and communication of the…

Q: Which of the following is true of accrual basis accounting and cash basis accounting? a. Accrual…

A: Definition:   Accrual basis: Accrual basis is a method of accounting. In this method recording of…

Q: Which of these accounts is an asset? A. Common Stock B. Supplies C. Accounts Payable D. Fees Earned

A: Introduction: Assets: Asset means having Economic value to the resource. Assets are of two types: 1…

Q: What is the impact on the accounting equation when a payment of account payable is made?A. both…

A: Accounting equation of the business has three elements, these are Assets, Liabilities and Equity.…

Q: Which one of the following equations correctly expresses the relationship * ?between assets (A),…

A: The accounting transactions effect two or more accounts of the business making accounting equation…

Q: Answer the following questions: Requirements 1. What type of normal balance does the Owner, Capital…

A: In accounting, all assets and expenses normally have debit balances, all liabilities, income and…

Q: WHich of the following is not a major element of the accounting equation. cashflow, expenses,…

A: 1. Accounting Equation - Accounting Equation is calculated using following equation - Assets =…

Q: c) Where do expenses belong in the accounting equation? How does an increase in an expense affect…

A: Please see Step 2 for required information.

Q: Accounting equation is developed based on which of the following ? O a. Money measurement O b.…

A: The question is based on the concept of Accounting Theory.

Q: 1. What is accrual basis of accounting? How is it applied in terms of revenues and expenses?

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

Q: The balance of payments is most like a(n)___________ * Cashflow Statement Income Statement Statement…

A: The balance of payments records all international transactions for a country over a period of time

Q: Which of the following statements would be consideredtrue regarding debits and credits?a. In any…

A: The following is true about debits and credits

Q: A debit is not the normal balance for which of the following? O a) Asset account b) Dividends…

A: Normal debit balance include assets expenses and losses  Nature of Account Normal Balance…

Loanable Funds Theory

The loanable funds theory is a neoclassical theory that determines the interest rate where the demand for loanable investments and supply of loanable funds intersect. To determine the interest rate, this theory employs linear regression and a demand curve. At the equilibrium point, demand for borrowings and demand for the issuance of borrowing funds are inextricably linked. This point of equilibrium should equalize demand and the supply of money available for borrowing.