15? since you have 10 left on hand after last night's inventory check you should get 15 if you don't know the rate at which each are sold.
Answer:
For centuries the guideline for business transactions was the Latin term “caveat emptor” (let the buyer beware). This principle suggests that the seller is not responsible for the buyer’s welfare. In other words such principle gives the buyer the sole responsibility for checking the quality and suitability of the goods that he is buying from the seller before making a final purchase.
Answer:
False
Explanation:
As we know that the closing would be conducted by the closing agent not with the seller agent. The closing agent could be the worker or the employer etc
Therefore the given statement is false
Hence, it is not a true statement
So the same is to be relevant
Answer:
a. Cash 7,000 Accounts Receivable 7,000
Explanation:
As for the information provided, the payment is received for a sales made in last month, and thus entry at the time of sales shall be:
Accounts Receivables A/c Dr. $7,000
To Sales $7,000
Therefore, when the amount is collected today it will increase cash by debiting cash for the same amount.
Further, balance of accounts receivables will be decreased by crediting such account.
Therefore, correct option is
a. Cash 7,000 Accounts Receivable 7,000
Answer:
I think it's a income tax
