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Citrus2011 [14]
1 year ago
9

Comparing how many dollars it takes to attend college each year to annual earnings on a job represents the use of money as a?

Business
1 answer:
kirill115 [55]1 year ago
3 0

Unit of Account.

One of the main qualities of cash is that it fills in as a unit of record. Cash as unit of record is something that can be utilized to esteem labor and products, record obligations, and make computations that is all there is to it is an estimation for esteem. It has three significant qualities which are:

Diversity:- It very well may be separated so that it's part is equivalent to it's unique worth.

Fungible:- One of the unit is equivalent to some other piece of the unit with no adjustments of significant worth.

Countable:- It very well may be counted and exposed to numerical tasks.

To learn more about Unit of Account.

brainly.com/question/14993516

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Read 2 more answers
Identifying Accounts to be Closed From the list that follows, identify the accounts that should be closed to the owner’s capital
kari74 [83]

Answer:

See explanation section

Explanation:

When we need to close accounts, we close the income and expenses accounts. The reason to close those accounts is that those are temporary accounts. Drawings and dividends are also temporary as those accounts have to be settled through capital and retained earnings balance. Therefore,

We will close the entries to income summary are -

D. Depreciation Expense

E. Fees Earned

J. Supplies Expense

L. Wages expense.

The entry to close against a capital account is Drawings. Therefore, Jackie Lindsay, Drawing should be closed.

4 0
3 years ago
True or false: taking actions that carry out the company's plan is a key part of the control process.
ipn [44]

The act of taking actions that carry out the company's plan is a key part of the control process is a false statement.

<h3>What is the control process?</h3>

The control process is one that entails a carefully act of collecting information in regards to a system, process, as well as person, so as to necessary decisions about them.

Hence, The act of taking actions that carry out the company's plan is a key part of the control process is a false statement.

Learn more about control process from

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