give the nature of the following accounts (a) sales (b)drawings (c)acute expenses (d)bank overdraft
Answers
Answer:
ok
Explanation:
(a)sales:a sales account is opened for recording the sales of good or servicesand at the end of the financial period to the total sales are transferred to the revenue statement account.
(b) drawings: drawing account is a contra owner's equity account used to record the withdrawals of cash or other assets made by an ownerfrom the enterprise for its personal use during the fiscal year.
(c)acute expenses: natural expense classification refers to the reporting of expenses by the nature of each type of expense.
(d)bank overdraft:the overdraft allows the account holder to continue with drawing the money even when the account has no funds in it or has insufficient funds to cover the amount of the withdrawal.
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Answer:
nahi pata
Explanation:
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