Questions: Which transactions are recorded in the accounting system?

Which transactions are recorded in the accounting system?
Transcript text: Which transactions are recorded in the accounting system?
failed

Solution

failed
failed

The answer is the third one: Both external exchanges and internal events.

Explanation for each option:

  1. Internal events only: This option is incorrect. While internal events, such as the use of supplies or depreciation of equipment, are recorded in the accounting system, they are not the only transactions recorded.

  2. External exchanges only: This option is also incorrect. External exchanges, such as sales to customers or purchases from suppliers, are indeed recorded in the accounting system, but internal events are also recorded.

  3. Both external exchanges and internal events: This option is correct. The accounting system records both external exchanges (transactions with outside parties) and internal events (transactions that occur within the organization). This comprehensive recording ensures that all financial activities affecting the organization are captured and reported.

In summary, the accounting system records both external exchanges and internal events to provide a complete picture of an organization's financial activities.

Was this solution helpful?
failed
Unhelpful
failed
Helpful

Questions asked by other users

failedAnswered
25 If you cross two heterozygous Yy pea plants, what proportion of the offspring will be the dominant color yellow? Multiple Choice O 0% O 50% • 25% O 75% O 100% < Prev 25 of 28 ::: Score answer >
failedAnswered
Question 5 2 pts Consider the emission spectrum for the element neon ( Ne ). If the amount of energy imparted to the Ne sample is increased: The positions of the emission lines present will shift to longer wavelengths. The positions of the emission lines present will change randomly. The positions of the emission lines present will shift to shorter wavelengths. The positions of the emission lines present will not change. The emission lines will disappear.
failedAnswered
Identify two expressions that are equivalent to 4-8 i. (A) sqrt(16)+sqrt(-64) (B) -2(sqrt(-16)-sqrt(4)) (C) sqrt(16)-sqrt(-64) (D) -2(sqrt(-16)+sqrt(4))
failedAnswered
All of the following joints are syndesmosis type joints, EXCEPT: left forearm left lower limb right lower limb sutures of the skull right forearm
failedAnswered
A instalação do governo-geral, com regimento próprio, e a criação de instituições e cargos administrativos ligados à Coroa favoreceram a progressiva extinção das capitanias hereditárias. O processo descrito no trecho Assinale a afirmativa correta A demarcou o afrouxamento da autoridade portuguesa sobre a colônia. B produziu efeitos deletérios por ter acabado com um sistema administrativo próspero. (C) significou a suspensão dos atividades econômicas coloniais. (D) substituiu um modelo administrativo descentralizado por um centralizado. E implicou a manutenção das formas políticas do período pré-colonial.