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crimeas [40]
2 years ago
8

Auditing :How to distinguish between test of control and substantive test

Business
1 answer:
Alenkinab [10]2 years ago
8 0
Test of controls is when you test controls surrounding a financial process . Substantive test are performed when one tests assertions surrounding a balance.
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A frequently used form of overdraft protection is A. when a merchant refuses to accept checks and therefore never has any checks
NemiM [27]
I would most likely go with C, overdraft protection lets you take money out that you don't have, it is normally a $35 dollar fee though
6 0
3 years ago
What is time utility and possession utility?
Pie

Answer: The four types of economic utility are form, time, place and possession. "Utility" in this context refers to the value, or usefulness, that a purchaser receives in return for exchanging his money for a company's goods or services.

4 0
2 years ago
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All of the following are examples of a commodity except
elena55 [62]
The correct answer to this is B) a designer handbag. This is not a commodity. A commodity is anything that is considered a raw material.
3 0
3 years ago
Read 2 more answers
Althea, black, has been a deejay for a local Christian music station for several years. The station got a new general manager an
VladimirAG [237]

Answer and explanation:

Althea is covered by the Equal Employment Opportunity Commission (<em>EEOC</em>). The EEOC is an agency of the federal government of the United States that enforces federal laws regarding discrimination of <em>race, sex, age, religion, ethnicity, national origin or impairment</em>. Althea was fired with the excuse that it is not "appropriate" for an African American deejay to play music on a white Christian music station. This is reason enough to sue the radio station for discrimination.

8 0
2 years ago
A company that uses the allowance​ method, writesminusoff a receivable of $ 6 comma 000. Prior to the journal​ entry, the credit
o-na [289]

Answer:

The net realizable value of Accounts Receivable = 1,985,538

Explanation:

The journal​ entry will be: Allowance for Uncollectible Accounts (Debit - Decreased) 6,000 and Accounts Receivable (Credit - Decreased) 6,000.

After the journal​ entry the credit balance in the Allowance for Uncollectible Accounts will be: 2,005,000 - 6000 = 1,999,000, and the debit balance in Allowance for Uncollectible Accounts will be: 19,462 - 6,000 = 13,462.

Then net realizable value of Accounts Receivable will be: 1,999,000 - 13,462 = 1,985,538.

3 0
2 years ago
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