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How many checking accounts are there in the US?
The exact number of checking accounts is unconfirmed, but over 200,000,000 Americans have at least one checking account. As of 2013, more than 13.5 million Americans also had a Health Savings Account. Around 7.7 percent of Americans do not have any kind of bank account.
What accounts are not affected by closing entries?
the accounts affected by closing entries are temporary accounts like expenses
How do you get 2 accounts on facebook?
make 2 accounts seperatly
You seem to have two facebook accounts with different friends on each Probably from two email accounts Can you merge the two Facebook accounts?
No
Can you have 2 accounts on an ipod touch?
yes you can u just have to log in the different accounts.
Why are cayman island banks attractive to businesses and wealthy Americans?
There is no direct taxation so they have developed into a thriving offshore financial center.
What will usually cause the liability account Accounts Payable to increase?
Purchases from vendors on credit is the main cause for increasing accounts payable account in normal course of business.
What accounts for the fact that the radius of f is smaller than the radius of li?
Increasing positive nuclear charge
How many checking accounts are there in the US?
The exact number of checking accounts is unconfirmed, but over 200,000,000 Americans have at least one checking account. As of 2013, more than 13.5 million Americans also had a Health Savings Account. Around 7.7 percent of Americans do not have any kind of bank account.
Does the increase in accounts receivable increase cash flow?
No, if your accounts receivable is increasing then you are not collecting cash in from your debtors as quick as you are raising invoices to them therefore your cash flow is decreasing due to trapping working capital in debtors
What is the difference between a cash payment and a payment made to a vendor or contractor through AP and why is one better than the other?
The difference between a cash payment and a payment made to a vendor or contractor through accounts payable is as follows: In a cash payment, the company using the services of the vendor immediately recognizes the expense (by increasing the expense account) and hand over the cash to the vendor (by decreasing the cash asset account). For the vendor, they recognize the revenue upon completion (by increasing the revenue account) and move the cash onto their balance sheet (by increasing the cash asset account). In an accounts payable transaction, the company using the services of the vendor immediately recognizes the expense (by increasing the expense account) and acknowledges the debt (by increasing the accounts payable liability). For the vendor, they recognize the sale (by increasing the revenue account) and acknowledges that the company using their services owes them for the work that they did (by increasing the accounts receivable account). Time eventually passes for the accounts payable transaction and the company that used the services of the vendor sends payment to the vendor (by decreasing the cash account) and acknowledges that the debt is paid (by reducing the accounts payable liability). The vendor receives payment in the mail (by increasing the cash asset account) and acknowledges that the debt is paid (by reducing the accounts receivable asset). The key difference is which party is providing the cash flow. For a cash payment, the transaction is best for the vendor because they are receiving cash immediately. For an AP transaction, the service user is better because they held onto cash for some period of time.
How many Americans have been shot down by the Soviets?
none other than accounts of friendly fire.
What affect would Accounts Receivable have on a business vs sales revenues?
It is fairly easy to "cook the books" by recording sales revenue offset by increasing Accounts Receivable. Eventually this is found out when the "customers" never pay their amounts "receivable".
How can one know if a transaction is debited or credited?
You need to look at the circumstances and determine what type of accounts are increasing and what's decreasing. An increase in the following accounts are: Assets - debits Liabilities - credits Capital - credits Revenue - capital Expenditure - debit. Everything will fall under one of those five types of accounts.
What accounts for large numbers of African Americans in the south?
Most people tend to remain near where their ancestors lived. Since a very large number of African Americans descend from Africans imported to the South to work as slaves, there are still large numbers of African Americans in the South.
