Answer:
Debit to Accounts Payable.
Explanation:
Using a perpetual inventory system, the entry to record the return of inventory previously purchased on account includes
Accounts Payable Dr.
Merchandise Inventory Cr.
In the periodic system the temporary Purchase Return and Allowances Accounts accumulates the cost of all returns and allowances during a period.
In periodic system each purchase, purchase returns, discounts, transportation in, transactions are recorded in separate temporary accounts.
The most cost effective way for John to buy a house is on installment basis or by using up all his savings
Private Placement and Investment Banking Process, are the two ways that a company can issue new securities and thereby raise capital in the primary market
<h3>What is Primary Market?</h3>
The primary market is the area of the capital market where securities are issued and sold to buyers directly by the issuer, who then receives the proceeds.
Companies, governments, or public sector organizations can raise money in a primary market by issuing bonds, and corporations can do the same by selling new stock in an IPO (IPO). A financing syndicate of securities dealers, investment bank, or underwriter is frequently used for this.
Securities are issued by firms to investors directly in the primary market. Either a further public offering (FPO) or an IPO is used to issue securities (FPO). Through an initial public offering (IPO), a business can raise capital from investors and go public.
A business can raise money on the primary market by selling preference shares. Securities, equity, and debt
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Answer:
b. Overstate operating income
Explanation:
According to my research on business financing terms, I can say that based on the information provided within the question the impact of this would be an overstated operating income. This refers to a balance that is documented as having more money than it actually has. This would be the case since the payroll payments have not yet been subtracted.
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