Answer:
The accrual principle
The main purpose of adjusting entries is to update the accounts to conform with the accrual concept. At the end of the accounting period, some income and expenses may have not been recorded, taken up or updated; hence, there is a need to update the accounts.
Answer:
The number and characteristics of sellers and buyers is called market structure.
Explanation:
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Answer:
Strengths, Weaknesses, Opportunities, and Threats analysis
Explanation:
Strengths, Weaknesses, Opportunities, and Threats analysis
Answer:
The correct answer is (d)
Explanation:
There are two basic sides in the market, the consumers and the producers. In order to identify the combination of outputs that provide the same level of the utility indifference curve is used. On the other hand, in order to identify the combination of inputs which gives the same level of output is represented by isoquant. It represents a constant quantity of output
Answer:
C) Manufacturing Overhead 9,500 DEBIT
Accumulated Depreciation 9,500 CREDIT
Explanation:
The depreciation will be part of the actual overhead, which later will be compared with the applied overhead to look up for difference in application.
It will denefitive be accumulated to represent the net book value of the printing.
Then t will be debited to factory overhead. So once the period is concluded this account will have a balance equal to the difference in application of overhead (credit) and the actual cost incurred (debit)
