The answer to this question is the letter "E" which is the "anyone in the organization". Wiki is a blog or a website where anyone in the organization is allowed to access it to view and access materials and edit it. Hence, is a team uses wikis to collaborate on a report, the editing and updating of the report should be done by anyone in the organization.
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Answer:
Telephone bill
Sales ticket
Invoice from supplier
Bank statement
Prepaid insurance
Explanation:
Source documents in accounting are defined as the original record of a transaction that contains transaction details and provides evidence that a transaction occurred.
It is source of information entered into the accounting system. They can be printed on paper or electronic in nature.
From the given list the following are source documents: Telephone bill, Sales ticket, Invoice from supplier, Bank statement, Prepaid insurance.
They are sources from which transaction information can be obtained for entry into the accounting system
Answer:
Option D is the correct answer,$ 88,338.48
Explanation:
The liability reported in the balance sheet can be computed by using the pv formula in excel which is stated thus:
=-pv(rate,nper,pmt,fv)
rate is the incremental borrowing rate of 11% per year
nper is the number of payments required to settle the obligation which is 10
pmt is the amount of yearly payment in order to fully settle the debt owed which is $15,000 per year
fv is the future worth of total payments which is not unknown,hence taken as zero
=-pv(11%,10,15000,0)=$ 88,338.48
The correct answer is $ 88,338.48
Answer:
True
Explanation:
It is True because net income is shown in the Balance sheet as a credit account as it increases the revenues and as a debit column in the Income Statement of the end-of-period spreadsheet.
This entry is reversed for the net loss. It would be shown as a debit column in the Balance Sheet ( indicating an expense/ a loss) and as a credit column in the income statement.
The net income is shown as a debit column in the Income Statement of the end-of-period spreadsheet indicating that the credits ( revenues) are more than the debits ( expenses) and we get the balance of the income after deducting the expenses from the revenues. It is entered above the debit totals.
