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NeX [460]
4 years ago
15

1.What is a business transaction?

Business
1 answer:
Valentin [98]4 years ago
4 0

Answer:

A business transaction is an event involving an interchange of goods, money or services between two or more parties.

Explanation:

A business transaction is an event involving an interchange of goods, money or services between two or more parties.  The business transacted can be between two parties engaged in business and conducting the transaction for their mutual benefits, or between a business entity, like a retail shop, and a customer.

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The objectives of internal control are to a.prevent fraud and promote the social interest of the company b.provide control over
Marina86 [1]

Answer:

d.provide reasonable assurance that assets are safeguarded and used for business purposes, financial reports are accurate, and laws and regulations are complied with.

Explanation:

The purpose of internal controls is to provide reasonable assurance that assets are safeguarded and used for business purposes, financial reports are accurate, and laws and regulations are complied with.

By definition: An internal control is a procedure or policy put in place by management <u>to safeguard assets, promote accountability, increase efficiency, and stop fraudulent behavior.</u>

Summarily, internal controls are put in place as a process to prevent employees from stealing assets or committing fraud.

4 0
3 years ago
A company has the following liabilities at year end: Mortgage note payable; $16,000 due within 12 months $355,000 Short-term deb
Grace [21]

Answer:

The amount that the company should include in the current liability section of the balance sheet is $16,000

Explanation:

The short-term debt that the company is refinancing with long-term debt is non-current and  deferred tax liability arising from depreciation is also non-current and should be disclosed as such in the Balance sheet after the sub-heading long-term borrowings.

Therefore, The amount that the company should include in the current liability section of the balance sheet is $16,000

4 0
3 years ago
Someone please help me out here
trapecia [35]

Answer:

Pretty sure that's false

6 0
3 years ago
I will give brainliest if correct
stepan [7]

Answer:

I believe that it is A and C

Explanation:

5 0
3 years ago
Craig would like to view a graphical representation of his project's work packages in a timeline bar chart format. Craig should
Nimfa-mama [501]

Answer:

a. Gantt chart.

Explanation:

Gantt chart is a horizontal bar graph, which represent the project planning and its progress report. It help to reduce lot of time and effort invested in planning projects. It also helpful in tracking status of project, milestones, production time, scheduling projects and project management. It was invented by Henry gantt, the graph was named after him.

5 0
4 years ago
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