The statement of cash flows of government colleges and universities engaged only in business type activities would report all of the following sections except:
Investing
Noncapital financing
Capital and related financing
Financing

Answers

Answer 1

The statement of cash flows is a financial statement that reports the cash inflows and outflows of an organization during a specified period. In the case of government colleges and universities engaged only in business type activities, the statement of cash flows would report the operating, investing, and financing activities.

However, the statement of cash flows would not report the financing activities section. This is because government colleges and universities engaged only in business type activities do not typically engage in financing activities such as issuing bonds or taking out loans. Instead, they rely on operating revenues and investment income to fund their operations.
The operating activities section of the statement of cash flows would report cash inflows and outflows related to the day-to-day operations of the college or university. This includes cash received from tuition, fees, and other sources of operating revenue, as well as cash paid for salaries, supplies, and other expenses.
The investing activities section would report cash inflows and outflows related to the purchase and sale of long-term assets such as buildings and equipment, as well as investments in stocks and bonds.
Overall, the statement of cash flows provides valuable information about the financial health of government colleges and universities engaged only in business type activities and helps stakeholders make informed decisions about their investments.

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Related Questions

ADVANCED ANALYSIS Assume that demand for a commodity is represented by the equation P=10−0.2Q
d

Supply is represented by the equation P=2+0.2Q
s

, where Q
d

and Q
S

are quantity demanded and quantity supplied, respectively, and P is price. Instructions: Enter your answers as a whole number. Using the equilibrium condition Q
S

=Q
d

, solve the equations to determine equilibrium price and equilibrium quantity. Equilibrium price =$ Equilibrium quantity = units

Answers

Given: The demand for a commodity is represented by the equation

P = 10 − 0.2Qd and supply is represented by the equation

P = 2 + 0.2Qs, where Qd and Qs are quantity demanded and quantity supplied, respectively, and P is the price.

To determine equilibrium price and quantity, use the equilibrium condition

Qs = Qd.

Substitute Qs for Qd:

2 + 0.2Qs = 10 − 0.2Qs2 × 0.2Qs + 0.2Qs = 10 − 2Qs2.4Qs + 0.2Qs + 2Qs = 102.6Qs = 10Qs = 3.846 ≈ 4

Substitute Qs = 4 into either the demand or supply equation to find the equilibrium price:

P = 2 + 0.2QsP = 2 + 0.2(4)

P = 2.8

Therefore, the equilibrium price is $2.8 and the equilibrium quantity is 4 units.

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Denny CorporationSales$9,000Direct costs: Direct materials$1,800Direct labor$1,350
Activity Cost PoolsTotal CostMachine-setups$20,000Special processing 150,000General factory 200,000Total overhead costs$370,000
Overhead Cost for Denny CorporationActivity Cost Pool(a)Activity Rate(b)Activity(a) × (b)ABC CostMachine-setups$100setups20setups$2,000 Special processing$15per machine-hour50MHs 750 General factory$10per direct labor-hour400direct labor-hours 4,000 Total overhead cost assigned to customer $6,750
What is the customer margin for Denny Corporation? What conclusion can you draw from this information?
multiple choice
a. $(900), further analysis is required.
b. $5,850, this is a highly profitable customer.
c. $1,850, this is a marginally profitable customer.
d. $(3,900), the customer should be dropped immediately.

Answers

the customer margin for Denny Corporation is 900$, a conclusion can you draw from this information is that further analysis is required. Hence The option is A) $(900), further analysis is required.

Sales: $9,000, Direct materials: $1,800 Direct labour: $1,350 Total overhead cost assigned to the customer: $6,750 Activity Cost PoolsTotal CostMachine-setups $20,000 Special processing 150,000 General factory 200,000 Total overhead costs $370,000

Required: What is the customer margin for Denny Corporation? What conclusion can you draw from this information?Answer:Customer margin = Sales - (Direct materials + Direct labor + Overhead cost assigned to customer)Customer margin = $9,000 - ($1,800 + $1,350 + $6,750)Customer margin = $9,000 - $9,900Customer margin = $(900)Conclusion:Since the customer margin is negative $(900), further analysis is required. The company should investigate why this customer is not profitable and identify any possible solutions to increase profitability. If the analysis does not show any potential for profitability, the company may need to consider dropping the customer. The option is A) $(900), further analysis is required.

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A country's GDP increased by 8% from the last year (year 0 ) and reached $432 this year (year 1 ). What was the value of its GDP last year? A country's GDP increased by 8% from the last year (year 0 ) and reached $432 this year (year 1 ). At the same time, its population increased from 100 to 101.75 people. Find the per-capita incomes for years 0 and 1. Use them to find by how many dollars the income of a citizen changed.

Answers

To find the value of the country's GDP last year (year 0), we subtracted the 8% increase from this year's GDP. The calculation involved converting 8% to decimal form, setting up an equation, and solving for the unknown value. The GDP last year was approximately $400.

The value of the country's GDP last year (year 0) can be found by subtracting the 8% increase from this year's GDP.

To calculate the GDP last year (year 0), we need to find the original value before the 8% increase. Let's call the GDP last year "X".

Given that the GDP increased by 8% from last year to reach $432 this year, we can set up the following equation:

X + (8% of X) = $432

To solve for X, we need to first convert 8% into decimal form.

8% = 8/100 = 0.08

Now, we can rewrite the equation:

X + 0.08X = $432

Combining like terms, we get:

1.08X = $432

To solve for X, we divide both sides of the equation by 1.08:

X = $432 / 1.08

X ≈ $400

Therefore, the value of the country's GDP last year was approximately $400.

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Having a large endowment of natural resources is necessary for a country to be highly productive in producing goods and services. True or false?.

Answers

The given statement is false.

Why the given statement is false?

Yes, large endowment/availability of resources is good and important for the country but measuring a country's productivity is a completely different process. Having the ability to utilize these resources and having ample resources is one thing and actually working and being efficient is one thing.

How is a country's productivity measured?

GDP and Gross Domestic Product is the major way of measuring countries' productivity.

The total monetary or market worth of all the completed products and services produced within a nation's boundaries during a certain time period is known as the gross domestic product (GDP). It serves as a thorough assessment of the state of the economy in a particular nation since it is a wide indicator of total domestic production.

Even while GDP is frequently estimated on a yearly basis, it may also be calculated quarterly. For instance, the government of the United States produces an annualized GDP estimate for both the calendar year and each fiscal quarter. Each data set in this report is provided in real terms, which means that it has been adjusted for price changes and is thus net of inflation.

Yes, the endowment of natural resources is a determinant of GDP but is not directly looked at to calculate or measure the Productivity of a country.

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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Answers

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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HURRY!! Sarah is working at a daycare center. She just thought of a way to streamline the way parents drop off and pick up their children. When she mentions her idea to the director, he asks her to present it at the next staff meeting. What aspect of a good professional relationship is the director demonstrating?
Group of answer choices

Trust

Respect

Boundaries

Diversity

Answers

Answer:

Explanation:

Trust

state three
function of warehousing​

Answers

Answer:

-Storage

-Financing

-Price Stabilization

-Time utility

Explanation:

1. ____ includes studying what people want and designing a product's packaging

A.Marketing

B.Management

2.Shopping at Walmart and paying cash for your purchases is a marketing strategy called ____

A.Promotion

B.Pricing​

Answers

1. marketing
2. pricing

the bottom line for public relations professionals is to counsel and do what is in the long-term best interest of an organization.

Answers

The main bottom line for public relations professionals is to counsel and act in the long-term best interest of an organization, ensuring its reputation, relationships, and overall success.

The primary objective of public relations professionals is to protect and enhance the reputation and image of the organization they represent. This involves providing strategic counsel and guidance to the organization's leadership regarding communication and public perception. By focusing on the long-term best interest of the organization, public relations professionals consider factors such as maintaining trust and credibility with stakeholders, fostering positive relationships with the public, and aligning communication efforts with the organization's values and goals. In practice, this may include activities such as developing and implementing effective communication strategies, managing crises and issues, conducting media relations, engaging with stakeholders, monitoring and analyzing public sentiment, and advising on ethical considerations.

By prioritizing the long-term interests of the organization, public relations professionals contribute to its sustainability, competitiveness, and overall success. Their efforts aim to build and maintain a positive reputation, establish strong relationships, and effectively communicate the organization's values, initiatives, and achievements to various audiences.

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When a team agrees on the level of performance expected by each member, they have a _____.


shared standard

collaborative effort

unified commitment

team structure
THE ANSWER IS SHARED STANDARD

Answers

Answer:

shared standard

Explanation:

Teamwork refers to the collective approach towards the completion of a common goal. Methods and sources are agreed upon by each member of the team and the focus is relied on the achievement of the goal. Each individual works together and extend their efforts collectively. Shard standard refers to the level of acceptance on a particular point that each team member  agrees on. Merging at a certain point is very essential part of teamwork. Disagreement among the team members may cause the team work fall behind.

isabella’s landlord has included a clause in the rental contract that makes it possible for him to increase isabella’s monthly rent if taxes on the property go up. which clause was included in the contract?

Answers

Answer:

Escalator clause

Explanation:

England and France produce cheese and bread. England has a competitive advantage in cheese production.
France has a competitive advantage in bread production. If England places a trade embargo on France, what is
likely to happen with cheese and bread production in each country?
O England will produce more bread and France will produce more cheese.
O England will produce more cheese and France will produce more bread.
O England will produce more cheese and France will produce less bread.
O England will produce less bread and France will produce less cheese.

Answers

If an embargo is placed by England on France, England will produce more bread and France will produce more cheese.

What is a comparative advantage?

A country has comparative advantage in production of a good if it produces at a lower opportunity cost when compared with other countries. Opportunity cost is the cost of the next best option forgone when one option is chosen over other options.

A country that has a comparative advantage in the production of a good should produce that good and import the goods for which it does not have a comparative advantage in its production.

If an embargo is placed, countries would not be able to trade so they would have to increase the production of goods they would have otherwise imported.

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Which career is best suited for people who have a high school diploma?

- Administration and information support.

- Human resources.

- Business financial management and accounting.

- Business analysis.

Answers

Answer:

It should be Human resources because it is the least technical compared to the other three options.

What are three elements of negligence?
Actual Harm
Breach of duty
State of mind
Duty of care
Proximate cause
Motive

Answers

Answer:

actual harm

breach of duty

duty to act

In 1996, Congress passes a devastating legislation. What is this legislation and how does it directly affect the lives of these women and children

Answers

The devastating legislation passed by Congress in 1996 is known as the Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA), commonly referred to as the Welfare Reform Act.

What is the name of the legislation passed by Congress in 1996?

The Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA), passed by Congress in 1996, brought significant changes to the welfare system in the United States. This legislation aimed to promote self-sufficiency and reduce dependence on government assistance by implementing work requirements and time limits on welfare benefits.

The direct impact of this legislation on the lives of women and children was substantial. The PRWORA introduced stricter eligibility criteria, limiting access to cash assistance and imposing rigorous work requirements. While intended to encourage employment, these provisions often made it more challenging for low-income women with children to find stable jobs and meet their families' basic needs.

Additionally, the PRWORA granted states greater flexibility in designing and administering their welfare programs. This led to variations in benefits and services across different states, further affecting the lives of women and children depending on the specific policies implemented in their respective states.

The passage of the Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA) in 1996 marked a significant turning point in U.S. welfare policy. It shifted the focus from providing open-ended cash assistance to promoting employment and self-sufficiency among welfare recipients. The act also introduced Temporary Assistance for Needy Families (TANF) as the new welfare program, replacing the Aid to Families with Dependent Children (AFDC) program. The PRWORA's effects and ongoing debates about its long-term impact on vulnerable populations continue to be important topics in social welfare and policy discussions.

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___ refers to segmenting markets by region of a country or the world, market size, market density, or climate. a. Benefit segmentation b. Geographic segmentation c. Usage-rate segmentation d. Demographic segmentation

Answers

Answer:

b. Geographic segmentation

Explanation:

Geographic Segmentation refers to the process of dividing markets based on countries, regions, states, or climate. it is segmentation based on geographic location. For example, dividing customers for a particular product into Asian consumers, American consumers and  African consumers.

The purpose of segmentation is to better serve the needs of consumers

Which describes the jobs of these three individuals?
O Prudence is a Special Education Teacher, Sangita is a Distance Learning Coordinator, and Edmond is
Psychologist
O Prudence is a Kindergarten Teacher, Sangita is a School Principal, and Edmond is an Educational Cou
O Prudence is a Pre-School Teacher, Sangita is a Regulator Affairs Specialist, and Edmond is a Guidance
Counselor,
O Prudence is a Tutor, Sangita is an Instructional Coordinator, and Edmond is an Instructional Designer.

Which describes the jobs of these three individuals?O Prudence is a Special Education Teacher, Sangita

Answers

Answer:

Answer is C

Explanation:

Answer: C - Prudence is a Pre-School Teacher, Sangita is a Regulator Affairs Specialist, and Edmond is a Guidance Counselor.

Explanation: good luck!

What does a single point on the supply curve represent?a. The cost of producing the given quantity of filmb. the amount of profit the producer hopes to receivec. the cost, at the current level of production, of producing one more roll of filmd. the price the consumers are willing to pay for a roll of film

Answers

Answer:

d. the price the consumers are willing to pay for a roll of film

Explanation:

The option “D” is correct because the supply curve is upward sloping and shows the positive relationship with the price mentioned on the verticle axis of the curve. This price is the same price that a person pays for the commodity. If the price paid by the person is more, then the supplier will supply more. If the price is lower, then the supplier will supply less. Thus, this shows that price and supply and positively related to each other.

without effective screening mechanisms in the market for insurance: group of answer choices the high risk customers would be priced out of the market the low risk customers would be priced out of the market both the types of customers would be priced out of the market neither type of customer would be priced out of the market

Answers

The best way to have potential participants complete a screening survey is to have them dive in as quickly and easily as possible.

What is marketing screening ?

When it comes to maximizing the value of market research and using it to make smarter, faster, and more profitable business decisions, screening the right participants and weeding out those who are unqualified is a critical – though often overlooked – aspect.

Potential participants' insights will be unreliable if they are not properly screened. They can even become counterproductive, at which point a company would be better off abandoning the market research "results." After all, a map that can't be trusted isn't useful. It is an asset.

Naturally, each market research project must be configured and calibrated in accordance with its specific factors, variables, and requirements. What works in one field or context may not work in another. With this in mind, there are five fundamental best practices that all businesses should follow when screening market research.

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If a person has $1,000 in a savings account and earns $20 a year in interest on that account, the rate of return on the money is close to

Answers

Answer:

2%

Explanation:

. A tomato farmer has used direct distribution to sell to local consumers through an area farmers' market. Last year, she sold 400 bushels of tomatoes at $2.49 a pound. (There are 53 pounds in a bushel of tomatoes.) This year she is considering using an indirect channel by selling to two area supermarkets. She estimates that she can sell 650 bushels at $1.63 a pound. What will be the difference in revenue if she makes the change? What other factors should the farmer consider before changing to indirect distribution?

Answers

Answer:

the farmer's total revenue when she uses the direct channel = 400 x $2.49 = $996

if she uses the indirect channel, her total revenue = 650 x $1.63 = $1,059.50

her total revenue will increase when selling to he supermarkets, but also her variable production costs will increase. This means that it is probable that her total contribution margin decreases even if total revenue decreases.

The farmer's total revenue when she uses the direct channel is $996 and the difference in revenue if she makes the change will be $63.5

What do you mean by Total revenue?

Revenue is the total amount of sales of goods and services. It is calculated by multiplying the total amount of goods and services sold at the price of goods and services.

Total revenue when she uses the direct channel is $996  

\(\rm\, Total \,Revenue = 400 \times \$2.49 \\\\\rm\, Total \,Revenue = \$996\)

If she uses the indirect channel, her total revenue is $1,059.50.

\(\rm\,Total \,Revenue = 650 \times \$1.63\\\\\rm\,Total \,Revenue = \$1,059.50\)

The difference in revenue between direct selling and indirect selling:

\(\rm\, \$1,059.50 - \$996 = \$63.5\)

The farmer's total revenue will increase when selling to the supermarkets, but also her variable production costs will increase which has to be kept in mind while choosing indirect selling.

Therefore, the farmer should keep the variable factor costs in mind before selecting indirect selling as the revenue might increase but the percentage of increase probably may not be high.

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cell division in both bacterial and eukaryotic cells produces genetically cells.

Answers

Genetically identical cells are produced during bacterial and eukaryotic cell division. Actions that take place while the bacterial chromosomes segregate during binary division.

What happens during the cycles of eukaryotic and prokaryotic cell division?

Almost all cells undergo cell division as part of their life cycle. Cell division is the process through which a single cell splits into two different cells. Binary fission is the method used for most bacterial cell divisions. Mitosis and cytokinesis are the two main stages of cell division in eukaryotes.

How do bacterial and eukaryotic cell divisions differ from one another?

Two different types of cell division mechanisms exist in eukaryotes. A vegetative cell division called mitosis and a reproductive cell division called meiosis are both present in eukaryotic cells.

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2. What may NOT impact the interest rate on your loans?
a.
The loan amount
b. Your relationship with the financial institution
C.
Your level of education
d. Your credit score

Answers

C. Your level of education

Good luck hope this helps

:))

i will give brainiest if right please answer, Parker wants to develop new food sources for less-developed countries. He was raised on a farm, but doesn't plan to be a farmer. What kinds of careers should he consider?

Answers

Agricultural Research

why should a marketers be cautious about including videos that play automatically when people navigate to the marketer's website​

why should a marketers be cautious about including videos that play automatically when people navigate

Answers

Answer:

D

Explanation:

Just imagine yourself being in a work place or in a library, where you have other person's around you. And you're browsing through a site, then suddenly a video pops up and started playing automatically at the highest level. Can you imagine the kind of situation that would be created at that instance? Very awkward.

So therefore, marketer should apply caution when it comes to including video that plays automatically. This will avoid creating such kind of awkward situation for users at work.

Answer: D

Explanation: Just took the quiz

Nolan Company's cash account shows a $29,833 debit balance and its bank statement shows $30,002 on deposit at the close of business on June 30. Outstanding checks as of June 30 total $2,426. The June 30 bank statement lists $28 in bank service charges; the company has not yet recorded the cost of these services. In reviewing the bank statement, a $40 check written by the company was mistakenly recorded in the company's books as $49. June 30 cash receipts of $2,261 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. The bank statement included a $23 credit for interest earned on the company's cash in the bank. The company has not yet recorded interest earned. Prepare a bank reconciliation using the above information.

Answers

Answer:

cash account balance= $29,833

- bank service charges = ($28)

error in recording check = $9

interests earned = $23

reconciled cash account = $29,837

bank account balance = $30,002

- outstanding checks = ($2,426)

deposits in transit = $2,261

reconciled bank account = $29,837

Both reconciled accounts match, so we did it correctly.

harmful substances which contaminate water are collectively called​

Answers

Answer:

Ground Water Contamination

Explanation:

I'll be honest I'm not 100% sure.

Which of the following is NOT one of the five basic steps involved in the rational decision model?a) Recognize and define the problem or opportunityb) Identify and analyze alternative courses of action, and estimate their effects on the problem oropportunityc) Choose a preferred course of actiond) Conduct a stakeholders needs analysise) Implement the preferred course of action

Answers

The answer is (d) Conduct a stakeholders needs analysis.

This step is not one of the five basic steps involved in the rational decision model. The five basic steps in the rational decision model are:

a) Recognize and define the problem or opportunity: This step involves identifying and defining the problem or opportunity that needs to be addressed.

b) Identify and analyze alternative courses of action, and estimate their effects on the problem or opportunity: In this step, possible alternative courses of action are identified and analyzed, and their impacts on the problem or opportunity are estimated.

c) Choose a preferred course of action: Based on the analysis of alternative courses of action, one preferred course of action is selected

e) Implement the preferred course of action: After selecting the preferred course of action, it is implemented. This step involves putting the selected plan into action.

Overall, the rational decision model is a structured approach for making decisions that are based on facts and logical reasoning. By following the basic steps of this model, decision-makers can arrive at an optimal solution to a given problem or opportunity.(option-d)

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what four factors could contribute to a hostile work environment

Answers

The four factors that could contribute to a hostile work environment are: Discrimination, Sexual harassment, Bullying, Retaliation.

Discrimination based on race, gender, age, religion, sexual orientation or any other protected class: when an employee is subjected to derogatory comments, slurs, jokes or any other form of harassment based on their membership in a protected class, it creates a hostile work environment.

Sexual harassment: when an employee is subjected to unwanted sexual advances, requests for sexual favors, or other verbal or physical conduct of a sexual nature that creates a hostile or offensive work environment, it constitutes sexual harassment.

Bullying: when an employee is subjected to repeated, unreasonable behavior that is intended to intimidate, degrade, humiliate, or undermine them, it constitutes bullying.

Retaliation: when an employer takes adverse employment actions against an employee for engaging in protected activity, such as reporting discrimination, harassment or any other unlawful activity, it creates a hostile work environment.

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are good oppurtunities always spotted quickly or they often left unrecognized ?

Answers

Answer:

often left unrecognised

Answer:

Spotted quickly

Explanation:

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A side of the triangle below has been extended to form an exterior angle of 129 find the value of X what information should the medical assistant give to a patient regarding inserting a suppository Find the value of n:(37)^5=7^n How is the demographics of men who are interested in bodybuilding and fitness, their needs, and their buying behaviour? I NEED HELP ASAP What types of things are more common in the city than in a rural setting?Check all that apply.A.Cars as a primary mode of transportationB.People talking loudlyC.A lot of cultural mixingD.Slums What is the area of the pentagon A 2-column table with 3 rows. Column 1 is labeled time elapsed (hours) with entries 2, 4, 7. Column 2 is labeled Distance Run (miles) with entries 13. 5, 27. 5, 48. 5. Larry recorded his time as he ran. What was his average speed from hour 2 to hour 4? What was his average speed from hour 4 to hour 7? Did he speed up or slow down?. The green tank contains 23 gallons of water and is being filled at a rate of 4 gallonsper minute. The red tank contains 10 gallons of water and is being filled at a rate of 5gallons per minute. When will the two tanks contain the same amount of water? Writean equation and solve.I NEED HELP PLEASE how does the third stanza of the courage that my mother had contribute to the meaning of the poem Look at the picture and answer pls!Hurry. Using the image above, match A-G to their appropriate part of the periodic table. (If the image does not show, click on the link above for an alternative way to access the image.)Question 5 options:MetalsPeriodGroup/FamilyNoble gasesHalogensMetalloidsNonmetals1. A2. B3. C4. D5. E6. F7. 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However, motorists should not think that knowingthe officer who pulled them over will help them avoid a ticket. Cops are crackingdown everywhere on those not wearing their seat belts.What is the primary persuasive technique of this section?.utilizing special effectsusing eye-catching graphicsformatting text uniquelylisting important statistics Besides a grand jury and due process, what other rights does the Fifth Amendment provide (list three) if an aa individual has 10 offspring, and the fitness of the aa genotype is 0.7, how many of the offspring are predicted to survive to reproductive age? The following excerpt is from a conversation between Kate Purvis, the president and chief operating officer of Light House Company, and her neighbor, Dot Evers: Dot: Kate, I'm taking a course in night school, "Intro to Accounting:" I was wondering - could you answer a couple of questions for me? Kate: Well, I will if I can. Dot: Okay, our instructor says that it's critical we understand the basic concepts of accounting, or we'll never get beyond the first test. My problem is with those rules of debit and credit... you know, assets increase with debits, decrease with credits, etc. Kate: Yes, pretty basic stuff. You just have to memorize the rules. It shouldn't be too difficult. Dot: Sure, I can memorize the rules, but my problem is I want to be sure I understand the basic concepts behind the rules. For example, why can't assets be increased with credits and decreased with debits like revenue? As long as everyone did it that way, why not? It would seem easier if we had the same rules for all increases and decreases in accounts. Also, why is the left side of an account called the debit side? Why couldn't it be called something simple... like the "LE" for Left Entry? The right side could be called just "RE" for Right Entry. Finally, why are there just two sides to an entry? 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