Answer:
b. Somaya just launched an online shoe company
d. A publishing company sells health-based curricula.
Explanation:
Pure goods are goods that are not associated with any services.
Pure services are services not associated with any physical goods.
I hope my answer helps you.
Answer:
B. Preparing a trial balance
Explanation:
A trial balance is not account, it simply represents a list of debits and credits derived from the ledgers. The list is usually generated after transactions have been taken from their source documents, posted to the journals and then transferred to the ledgers.
The trial balance will usually list the total of ledger items posted as debit or credit balances just as they are in the ledgers.
As said earlier, the trial balance is not an account, it is a self-check to ensure that there are no numerical errors in the debit and credit postings in the ledgers.
It simply ensures that the credit balances are equal to the debit balances meaning every debit entry had a corresponding credit entry confirming the use of double entry principle in ledger preparation.
The financial statements are usually prepared after the trial balance has verified the accuracy of debit and credit entries.
Answer:
A
Explanation:
I don't know if I am correct but I am going to try. Debit cards, checks and credit cards come from your money. So that leaves EPTs. Sorry if I am wrong.
Answer:
B. 30,000 units of activity.
Explanation:
Data provided in the question
Planned sales unit = 24,000 units
Actual sales units = 30,000 units
Based on the given information, the appropriate comparison is made when the planned sales units is compared with the actual sales units i.e 24,000 units with 30,000 units
So the budget should be based on 30,000 units of activity as it reflects the actual sales units
