Answer:
The Matching principle.
Explanation:
Matching principle is the accounting principle that requires that the expenses incurred during a period should be recorded in the same period in which the related revenues are earned. This principle recognizes that businesses must incur expenses to earn revenues.
The principle is at the core of the accrual basis of accounting and adjusting entries.
Answer:
gross domestic product (GDP), gross national product (GNP), and gross national income
Explanation:
<span>the journal entry to record the cost of goods sold would be n = 3500, t = 1/15, n/30</span>
Answer:
A. can be held liable for negligence because the store has a duty to warn its customers against foreseeable risk.
Explanation:
Negligence is a breach of act or certain level of behaviour, expected to be carried out by a reasoble person normal under the normal circumstances.
For a negligence claimed to stand in the court of law,
There must be an absence of duty of care by the defendant to the plaintiff.
There must be damages, losses, injury or harms suffered in the process by the plaintiff.
Causation. It must be proven that the plaintiff suffered loss, damage or injury as a result of defendant's negligence.
Examples of negligence is a shop owner who fails to put caution sign on a wet floor, a driver who fails to observe road signs thereby causing injury to pedestrians.
A. Department of the Treasury
