Answer:
(B) False
Explanation:
The Vacation Benefits payable account represents a liability that the employer has with the employee that has already earned its days of paid vacations but has not used them yet. When the employee is going to enjoy paid vacations days, this account (as all liability accounts) is decreased through a debit, and the bank's account is credited.
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:
A long-term investment.
Explanation:
The land should be classified as a long-term investment.
This is an asset owned by the company, that it intends to keep for more than a year. This asset is usually recorded on the asset side of a company's balance sheet.
It is the opposite of short-term investment which is sold within one year.
This person would have a bachelor’s degree :)
Answer:
Organizational Culture
Explanation:
Organizational Culture -
It refers to the beliefs , expectation , values , experiences offered or required by an organisation , is referred to as organizational culture .
Having common customs , beliefs and working culture , makes the working life of the employees easy and convenient in the organisation .
Hence , a good and proper organizational culture is very important to have a good organization .
Hence , from the given scenario of the question ,
The correct answer is Organizational Culture .
