Advanced Placement (AP) College

So i have to make trial balance and im kinda confused with 'interest'. So which side did it go to? Credit or debit? It didn't state the interest as received or expense/paid. someone told me to look at the bank but hey i need more explanation T^T​

Answers

Answer 1

Answer:

debit

explanation:

The interest on capital is on credit side of a trial balance as it is a liability from the point of view of company or enterprise and it comes in the debit side

Related Questions

give five reasons for european exploration

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Answer:

There are three main reasons for European Exploration. Them being for the sake of their economy, religion and glory. They wanted to improve their economy for instance by acquiring more spices, gold, and better and faster trading routes. Also, they really believed in the need to spread their religion, Christianity.

Here are five reasons for European exploration:

1) Better Trade Routes - Many people explored to find faster and cheaper ways to foreign countries.

2) Fame - Some people wanted to go down as a great name in history.

3) National Pride - Many people explored to claim new lands for their country and become national heroes.

4) Religion - Some explorers went on pilgrimages to spread Christianity.

5) Foreign Goods - People wanted to bring back spices and jewels that could not be found in their own country.

When vinegar and baking soda react, the mixture becomes cold to the touch and a gas and a new liquid substance are formed.

Which best describes what is occurring in the reaction?

The reaction is chemical and endothermic.
The reaction is chemical and exothermic.
The reaction is non-chemical and endothermic.
The reaction is non-chemical and exothermic

Answers

Answer:

The reaction is chemical and endothermic

What are the characteristics of a good theory

Answers

Answer:

The characteristics of a good theory are :-

comprehensiveness, precision and testability, parsimony, empirical validity, and both heuristic and applied value.

Explanation:

1. Testable: Theories can be supported through a series of scientific research projects or experiments.

2.Replicable: In other words, theories must also be able to be repeated by others.

3. Stable: Another characteristic of theories is that they must be stable.

4.Simple: A theory should be simple.

discuss the assertion that non formal institution have no role to play at the processing stage of the system thery is an empty rhetoric?

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