Accounting Quiz Questions and Answers: Adjusting Entries

[@ZAUN513]

What I did was to divide 9% by 12 then multiplied it by 4.then multiplied it with 10000/4 so 2500 multiplied by 3%

[@user-ge1tz6yi9x]

Greatful video and nice explain sir

[@SocratGhadban]

Thank you very much!

[@hossamtop3093]

great video 💐💐

[@SocratGhadban]

Thank you very much!💐

[@fatimafazal113]

Sir plz can you explain what the answer is 75&

[@SocratGhadban]

Hello, the interest is on yearly basis so to calculate for 1 month you do the following 9%*10000 /12 = 75

[@rebeccahillsares8253]

Can you please explain how you got the last question $75?

[@SocratGhadban]

Hello, it's( 0.09*10000/12)
9% annual and only one month has passed!

[@rebeccahillsares8253]

@@SocratGhadban Thank you so much🙏🏽

[@devnay8132]

Excuse me , I wanna ask, so What about the four-month for ? What is that mean ?

[@Humbleme1224]

@@devnay8132 It is the long way of getting to the correct answer. I didn't do it how the person who posted the video, but I did get it using the 4 months.

[@SocratGhadban]

The 4 month is the period after which you have to pay the note payable and the interest due@@devnay8132

[@walaalahaoffical7017]

I am watching 2024
From africa 😂

[@SocratGhadban]

Thank you watching! Africa is wonderful!

[@norhanifahdimaampao2888]

QUESTION #10. WHY 75?

[@SocratGhadban]

(0,09*10000)/12