Answer:
(d) supply plus the growth in velocity
Explanation:
As we know that
The spending growth rate is
= Money supply growth rate + velocity growth
Here the spending growth rate is the rate when there is a rise of the amount i.e. incurred
The Money supply growth rate is the rate when there is a rise in the money i.e. pumped in the market
And, the velocity of the growth is the rate where the money in the system varies hands
Therefore the correct option is d.
Trial balance is used to see the accurate of the balancing of ledgers. if there is an error in the trial balance a temporary account known as the suspense account can be opened
Answer:
The amount Nenn debited to write off actual bad debt is $17,000
Explanation:
Please see computation below
Given that;
Beginning balance of allowance for uncollectible = $180,000
Ending balance of allowance for uncollectible = $190,000
Bad debt expenses reported = $27,000
With regards to the above information,
the net write off for actual bad debts is
= $180,000 + $27,000 - $190,000
= $17,000