The Journal entry which Nicholson company will prepare on June 2 will be like when goods are returned the reverse entry is made which is
Accounts Payable A/c Dr. $480
Purchase Return / Inventory A/c Cr. $480
A journal entry is an act of recording any transaction, whether it is economic or not. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
Accounting journal entries are transferred from the journals and posted to the general ledger in order to record financial transactions in the accounting system. Modern accounting software handles the majority of this process automatically, but it's crucial to understand what's going on since there are instances when manual entries will need to be made to adjust or correct account balances at the conclusion of an accounting month.
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Answer:
C. An explicit target is easier to understand by households and firms which makes monetary policy more transparent.
Explanation:
Explicit inflation targeting is a monetary policy used by central banks to check inflation rate is under control for medium term. However, critics target this policy as they believe that instead central bank should have monetary policy for long term inflation control and economic growth for long term. Product price targeting or nominal income targeting would create more economic stability.
Answer:
It's Best to Pay Your Credit Card Balance in Full Each Month
Explanation:
Leaving a balance will not help your credit scores—it will just cost you money in the form of interest. Carrying a high balance on your credit cards has a negative impact on scores because it increases your credit utilization ratio.
The answer is true. Companies improve the pay through performance linkage. Discrepancies and unfairness can be reduced by introducing gainsharing, ESOPs, and other plans that use objective performance measures. Where subjective measures of performance are essential, companies should depend on on multiple sources of information. Companies also must apply rewards soon after the presentation occurs, and in a large-enough dose (such as an extra pay rather than a pay increase), so that employees experience positive emotions when they receive the reward.
The answer should be : with what the organization is trying to accomplish.
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Photon
