It's the same because more money when It came out
The gold standard emerged at the center of the international monetary system in the <u>1880s </u>until the first world war.
A monetary standard under which the basic unit of currency is the same in fee to and exchangeable for a precise quantity of gold.
National money and other sorts of cash (bank deposits and notes) were freely converted into gold on a fixed price. England followed a de facto gold fashionable in 1717 after the master of the mint, Sir Isaac Newton, overrated the guinea in terms of silver, and formally adopted the gold widespread in 1819.
The gold standard was the basis for the global monetary system from the 1870s to the early 1920s, and from the overdue Twenties to 1932 in addition to from 1944 till 1971 while America unilaterally terminated convertibility of america greenback to gold overseas important banks, efficaciously ending the Bretton Woods.
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Answer and Explanation:
The journal entry is shown below:
Cash $8,730
Sales Discount ($9,000 × 3%) $270
To Accounts receivable $9,000 ($10,000 - $1,000)
Here cash and sales discount is debited as it increased the assets and discount while on the other hand the account receivable should be credited as it reduced the assets
These workers are called contingent workers
Contingent workers are the type of workers that hired per-project basis. This make up Freelancers, consultants, or contractors.
Since technically these workers are not a part of the company, the company is not require to give benefit to them like its full-time workers.
Explanation:
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