Answer:
This answer is B
Explanation:
i used the answer given on here and got it wrong, its B on edge2020
Under Georgia license law, a license must remove any sign placed on a property, offering it for sale, within 10 days of the expiration of the listing.
A license does not apply to land or property possession but merely gives a legal proper or duty. License most effective has a tendency to create an identity or interest inside the immovable property to do something under the authority of the license. License neither can be transferred nor assigned.
The license below the transfer of assets Act way permission to go into or use the property of another. In the case of a license, ownership and possession will always remain under the control of the licensor and the licensee would only be entitled to a license.
A lease is a transfer of an interest in selected immovable assets, even as the license is bare permission, with no transfer of a hobby. 2. A lease creates an interest in favor of the lessee with admiration of the belongings, however, a license does not create such an interest.
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Answer:
Dr. Allowance for Doubtful Accounts $7,400
Cr. Accounts Receivable $7,400
Explanation:
A write off eliminates the account receivable balance. It is recorded as the debit to Allowance for Doubtful Accounts because of its credit nature. It reduces the balance of the allowance use it for actual write off. On the other hand it credit the account receivable balance to reduce it as it is debit in nature.
Answer:
- This type of fraud is check tampering
- It amounts to 20.1% of fraud cases in small businesses, and 8.4% of fraud in large businesses
- This type of fraud can be prevented by rotating employees that handle check issuance to vendors, review of budget versus actual expenditure, monitoring of audit trail to see if beneficiary was changed, daily statement download for reconciliation, and restriction of functions for example a employee that issues checks should not also reconcile bank statement.
Explanation:
Check tampering is a very common fraud that involves changing the beneficiary of a valid check so that funds can be diverted.
In the given scenario the accounts payable clerk was able to change checks to his name in order to divert $10,000. This was only discovered by chance when an employee noticed the change in name.
Various internal control measures can be taken to prevent this and they are listed above
It can increase the cost
can also rise a corporation tax