The recording of business transactions is a basic and fundamental component of financial reporting and is known as<u> bookkeeping.</u>
<h3>What is Bookkeeping?</h3>
Bookkeeping is the process of recording financial transactions. It entails preparing reference papers for all company transactions, activities, and other occurrences.
The primary goal of bookkeeping is to maintain a comprehensive and precise record of all operations and transactions in a methodical, ordered, and logical way. This guarantees that the financial consequences of these activities are accounted for in the accounting books.
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brainly.com/question/25572872
Sally's use of the photos is "an infringement of Isaiah's copyright only if consumers are confused".
<u>Option: C</u>
<u>Explanation:</u>
If consumers are reading or going through Sally's book which is about photography, in such cases someone's copyrighted material is never welcomed, still Sally xeroxed the pictures from Isaiah's book. This shows her book is not plagiarism free, but it can be accounted when readers raise some doubts and go for further cross checking.
A legal methods to safeguard the creation of an artist, a form of intellectual property that grants the author exclusive rights to print, distribute and use is basically a copyright. This means that no-one else can use or publish any created content by the developer without the author's permission.
A document with a digital signature guarantees that the document was indeed sent by a specific individual and that it hasn't been tampered with after it was sent. The correct answer is C.
Answer:
The journal entry is shown below:
Explanation:
The journal entry for the following will be as:
Accounts Payable A/c.......................Dr $4,000
Merchandise Inventory A/c..........Cr $80
Cash A/c..............................................Cr $3,920
As the buyer purchases merchandise worth $4,000, so the accounts payable account is debited and the buyer will be applied a discount of 2%, so merchandise inventory is credited and against the cash is paid, so the cash account is credited.
Working Note:
Discount = Amount × 2%
= $4,000 × 2%
= $80
