Answer and Explanation:
The matching of the accounting term with the definition is shown below:
1. Debit - it comes in the left side i.e. (i)
2. Expense: It decreases the stockholder equity also it contains the debit balance i.e. (d)
3. Net income: It is a statement that shows the expenses and revenue related transactions i.e. (g)
4. Ledger: It is the T-account in which the journal entries are posted i.e. (e)
5. Posting: The data is copied from journal to ledger we called as posting i.e. (f)
6. Normal balance: It is the side of an account in which the account increment is recorded i.e. (b)
7. Payable: It is a liability and it always a credit balance and shown in the balance sheet i.e (h)
8. Journal: In this the transactions are recorded i.e. (c)
9. Receivable: This is an asset and it has always a debit balance i.e. (a)
10. Owner equity: It is amount i.e. to be invested in the business also shows a difference between the total asset and total liabilities i.e. (j)
Answer:
B. November 30
Explanation:
The revenue recognition principle under GAAP states that revenue has to be recognized when services are performed or sales made irrespective of its invoicing or collection date.
Since the sale was made on November 30 the revenue is to be recognised on this date.
The other options A and C are the dates on which the statement was sent or the collection date which are not relevant for revenue recognition.
Answer:
Menu costs of inflation
Explanation:
Menu costs are the costs incurred by the firms. Menu costs refers to the cost of changing the list price of the products at the shop or changing the price tag on the products. This cost included in the price of the product because time and money both are used in changing the price tags or list price. Hence, there will be a rise in the prices of goods and therefore, the economy experiencing a high rate of inflation.
Answer: c. each branch of government has the ability to limit the power of the others
Explanation:
Check and balancing in government could be defined as a system that permits branches of government to amend acts of another branch so they don't Individually show or exercise too much power. I'm most scenario, one branch of government could be controlled by two other branch, this is to avoid monopoly of power by an individual branch, this is also called the Seperated of power. Each branch has the ability to limit the other so none has a monopoly of power over the others.
Answer:
The solution would be for Mark's co-workers to call for an internal meeting with Mark. In the meeting, they would need to discuss all their issues ranging from mark's bike, to his actions in his work place.
Their is need for the workers to tell Mark that, his wet bike disrupt the work place making it unsafe during work. Also, they should tell him to lokk for another location where he will be parking his bike rather than bringing it inside the office.
Lastly, they should look for a subtle way to inform him about the need to take adequate care of his body and hair through appropriate grooming.
Explanation:
