Answer:
The errors have resulted in the overstatement of net income by $9,400. Actual net income is $35,600
Explanation:
Expired rent is usually accounted for by debiting rent expense and crediting prepaid rent account. As such this is an additional expenses that will be deducted from sale to get the net income.
Depreciation expense on asset is recorded by debiting depreciation expense and crediting accumulated depreciation. Again, it is an additional expenses that will be deducted from sale to get the net income.
Supplies used is a debit to supplies expense and a credit to the supplies account (B/s). Hence, it is an additional expenses that will be deducted from sale to get the net income.
Hence the total additional expense to be recorded
= $3,500 + $4,100 + $1,800
= $9,400
When recorded, net income
= $45,000 - $9,400
= $35,600
Answer: C
Explanation: Re balance your portfolio every 3 months.
Answer:
Accounts Payable Aging Summary
Explanation:
The account payable aging summary refers to the summary of the past due bills and the bills which are due shortly. It shows the amount which we have to pay in the prescribed time limit i.e 30 days 45 days etc
Therefore the reports which is needed to track the past due bills and that are due shortly we called as the account payable aging summary
Hence, the first option is correct
Answer:
TRUE
Explanation:
acceptance of a contract becomes effective, regardless of the medium of sending and receiving the information.
Answer:
the correct answer is "Mobile Banking".
Explanation:
Mobile banking is doing banking and related financial activities such as money deposits, withdrawals, bill payments, issuing standing orders, checking the balance amount and opening/closing accounts through the internet and the mobile devices.
Mobile banking is more popularized through the launch of new applications in the iOS and Android platforms.
Mobile banking has made it easier for the customers to do banking related activities and it has made it easier for the banks to process more transactions without increasing their number of employees.
