The Rules of Debit and Credit Essay Example

Essays on The Rules of Debit and Credit Essay The paper "The Rules of Debit and Credit" is an outstanding example of an essay on accounting. The rules of debit and credit as applied to various accounts in financial accounting are specific. Each transaction in a particular account is recorded twice according to financial accounting rules. The different accounts in financial accounting are assets account, liabilities accounts, owner’s equity account, revenues account, and expense account. In financial accounting, the debit and credit are positioned on the left and ride sides of the financial statement. In the case of assets accounts, an increase in the asset is recorded on the left-hand side whereas the decrease in asset comes on the right side. For example, a purchase of machinery is recorded on the left and the sale of machinery is shown on the rights hand side of the financial statement.In the case of liabilities accounts, an increase in liability will be posted on the credit side and decrease is recorded on the debit si de. if an organization has accounts payable then it will be recorded on the credit side while accounts receivables recorded on the debit side. The owner’s equity account is an owner’s capital account where the increase and decrease in the owner’s profitability are projected. Here a purchase of assets will be posted on the debit side whereas the sale of an asset comes on credit side. In the case of revenue account, an increase in an asset is debited while a decrease in the asset is credited. In expense account, the salary paid to employees will be credited and interest received will be debited. So every transaction is balanced out by recording them on the debit and credit side of an account.

Firework Problems for Math Free Essays

Fireworks  Ã¢â‚¬â€œ The Problems July 7, 2008 On the 4th of July, Vanessa watched the local fireworks with her family from their front lawn. Once the fireworks began, Vanessa’s mom said, â€Å"Wow we are really lucky that our view isn’t blocked – the bottoms of MOST of the fireworks appear right at the top of that 50 foot oak tree. † If Vanessa was 100 feet from the oak tree and 1500 feet away from the fireworks launch site, how many feet off the ground were the bottoms of MOST of the fireworks? Disregard Vanessa’s height. We will write a custom essay sample on Firework Problems for Math or any similar topic only for you Order Now [pic] James’ family always puts on a big fireworks display every 4th of July. This year James got to pick out a few that were used. He decided on two 6-packs of Roman Candles, one Morton’s Mortar Kit and one Emerald City. If sales tax was 5%, based on the prices below how much change did James get back when he gave the cashier $45. 00? Express your answer in dollars and cents to the nearest cent. Roman Candles – $6. 99/ 6-pack Bottle Rockets – $7. 99/ pack Sparklers – $9. 99/ box Ground Flowers – $9. 99 Morton’s Mortar Kit – $9. 99/ kit EmeraldCity – $14. 99/ each Rain of Fire – $29. 99/ each New Yorker Salute Finale – $79. 99/ each [pic] Magda had a 4th of July party at her house. Her favorite lemonade recipe calls for 1 cup of lemon juice for every 4. 5 cups of water. If Magda followed the recipe and made 33 cups of lemonade, how many cups of lemon juice did she use? How to cite Firework Problems for Math, Papers

My Favorite Character free essay sample

Who is Your Favorite Character and Why? October 7, 2010 My favorite character from the novel These Boots Are Made for Stalking by Lisi Harrison is Massie Block. Massie is a fun, fashionable, and sometimes feisty friend. But at the end of the day she is always having fun whether with bean her lovable dog, Kendra and William, her parents, and The Pretty Committee, her infamous group of friends that include Claire, her guest house roommate, Alicia, Massie’s Fannish(fake Spanish. BFF, Dylan, a bodacious redhead with tons of attitude and a big appetite to complete it, and finally Kristen, a sports fanatic who can totally bend anything like Beckham. Massie Block is a very appearance inspired person. She loves the flashy names of fashion like Marc Jacobs, Juicy Couture, Coach, Prada, and Louis Vitton. After school Massie and the PC (Pretty Committee) take long trips in the luxurious Range Rover compliments of Massie’s parents, to the Big Apple City for endless hours of shoppin g, dining, and hanging out. We will write a custom essay sample on My Favorite Character or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Massie has never been cheap with her money she is never against helping out a friend if they ever forgot their Visa. The PC has many emergency cards in case. With an all-white room and an even whiter pup Massie is always on top of things. Homework has never been passed in later than a day, nor has extra credit never been attempted. Bean is a dog Massie got for her 5th birthday as a gift from her parents, she has been training Bean with hard work, dedication, and dog treats. Bean has never let her down. Bean has graduated from Westchester Obedience School as the A+ student and that’s all thanks to Massie’s loving nature for dogs and fun. Being a great friend is another one of Massie’s great sides. If a friend was ever in need of a rare Prada bag but no cash, Massie was the first one to lend a helping hand, and a helping AmEx. At one of Massie’s Friday Night Sleepovers Kristen revealed that she wasn’t as rich as they thought she was, but really she lived in the Brickview Apartments next to the Matador Condos. Massie quickly came to the rescue, and instead of beating her down with money jokes and gossip, she told Kristen that she loved her not for her money but for the girl holding the wallet. And from that day forth the PC gave Kristen designer hand me downs and unlimited shopping, expenses on them. Whenever sitting in the Range Rover or a Friday Night Sleepover Massie has tons of exclusive PC games made up for them. Gossip Points are a fun way to get the inside scoop and to get points which is great because it’s something to look forward to at the end of the school day. When school is over, Massie and the rest of the girls get to the Range Rover and start in on the gossip and their points, each girl tries to outnumber one another’s point score to get the highest points that day! Winner gets to choose which store at the mall they all go to first. Would You Rather: Designer Edition is another game Massie created for the PC only, it’s a fun way to get to each other’s personal style and just a fun little game to play with your girls! Would You Rather Wear Gap jeans for 5 years or Salvation Army hand me downs for 2 years Overall, Massie Block is an amazing friend and an even greater alpha, LEADER. What kind of best friend would give you free rides to, from, and anywhere else in a luxurious Range Rover? What kind of buddy would take months trying to create a game that has your two favorite things, gossip and shopping? What kind of BFF would EVER have sleepovers every Friday night and order the finest and your favorites just so you feel at home and at rest!!! HUH? Exactly. No one would ever go through that much trouble but your mom or dad, but that’s not what Massie is, she is a friend, a great one.