like how a pilot flies an airplane without needing input from the passengers
government takes care of the rights, security & economics of a group of people so they don't need to do it themselves
Answer:
a) Fees earned (or revenues) will be understated. Net income will be understated.
b) Accounts (fees) receivable (or assets) will be understated. Owner’s equity will
be understated.
Explanation:
Adjusting entries refers to the entries that are made at the end of an accounting period in accordance with revenue recognition, principle and expense recognition principle.
All adjusting entries affect at least one income statement account (revenue or expense), and one statement of position account (asset or liability).
Answer:
Drafted in secret by future Presidents Thomas Jefferson and James Madison, the resolutions condemned the Alien and Sedition Acts as unconstitutional and claimed that because these acts overstepped federal authority under the Constitution, they were null and void.
Explanation:
Answer: the Georgia Constitution requires it.
Explanation:
A balanced budget refers to a situation where the government's revenue must equal the government's expenditure. This is required by the Constitution of the state of Georgia.
For this reason, the budget for the states is adjusted twice a year so that the amount that each state agency should spend by the end of the year is known so as not to be in violation of the Constitution.