Answer:
The answer is "False".
Explanation:
Nonprofits are taxation-exempt or charity because, they don't pay tax, on their organization's money they earn, that can work in social, scientific, educational, or research settings.
- It also makes money, but sometimes they are distinguished, itself to for-profit businesses by the profits they make.
- The cash is used to expand the organization, and promote the work further, that's why the answer to this question is false.
<span>Grassroots politics is a political campaigns works the way it uses face to face communications by citizens to gain interest and momentum.</span>
Calculation of total number of budgeted direct labor hours for the year:
It is given that Martin manufactures two garden products. These products each require four direct labor hours (dlh) to manufacture. Each product is budgeted for 2,500 units of production for the year.
Hence, the total number of budgeted direct labor hours for the year shall be = 2 Products *2500 units * 4 dlh = 20,000 dlh.
Complete question:
Assume the following general flow of documents in an accounting system. Reply to the following question:
"Source Documents --> Journals --> Ledgers"
The auditors are concerned about source documents that reflect valid transactions that have not been recorded in the journals. Which procedure would be most effective?
(1) Trace from source documents to journals.
(2) Vouch from journals to source documents.
Either (1) or (2).
Answer:
(1) Trace from source documents to journals.
Explanation:
Tracing is the method of tracking the transaction back to the source document in accounting records. Transaction failures are monitored and auditors are often used to ensure whether transactions have been properly reported.
Tracing relates to the compilation and the follow-up to the record of an financial transaction (the source document).
Tracing checks to see that the transactions that happened in the financial reports are registered. Therefore it would be most effective to translate "Trace documents from source into journals."
<span>A detailed report is a report
that usually lists only transactions. From the name itself, detailed report
gives you very detailed information regarding the value of time spent by every
member in a certain tasks within a given projects. It also displays table with data categorizes
by users, tasks, and projects, billable time and amount.</span>
