Accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business' financial transactions.
<h3>What is financial transaction?</h3>
A financial transaction include details or business traction's between a buyer and a seller
It include communication, goods and services purchase or bought.
Therefore, Accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business' financial transactions.
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d. by dividing the total estimated manufacturing overhead costs by the total estimated amount of the allocation base
Answer:
E (Last one, you didn't put a letter for it)
Explanation:
The answer is E because a price reduction, depending on how large it is, will mostly have an effect on consumer, or in this case, customer sales. In this case, since it is a smaller percentage, it may not have a very big effect though.
Answer:
$22,000
Explanation:
Current liabilities are debts that a company must pay within a twelve month period.
This company's current liabilities are:
- Accounts payable $15,000
- Interest payable $7,000
Total current liabilities = $15,000 + $7,000 = $22,000
Since the note payable is due in 18 months, it is not considered a current liability.
Answer:
A stake in a business is partial ownership or a position in which you stand to gain when the company performs well.