Answer:
a. records the returned asset in a separate inventory account.
Explanation:
The sales represent the sales revenue for how much sales are made during a particular period.
If the sales are made having a right to return the inventory the same is to be recorded in the separate inventory account so that it could be easy to identify plus it will help at the time of preparing the financial statements
The correct answer is A. Because if you want to start a new business is more convenient do it as solo proprietorship
An an example of financial accounting is Filing annual financial reports.
And this is because, annual financial reports gives financial transactions related to a business.
<h3>What is Financial accounting?</h3>
Financial accounting can be regarded as accounting area that is focused concern on summary as well as analysis of financial transactions.
learn more about Financial accounting at;
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Answer:
a. U.S Treasury bills.
b. Commercial paper.
c. Money market mutual funds.
Explanation:
A Treasury Bill can be regarded as short-term debt obligation of U.S. government, This is is usually fully supported by Treasury Department, it's maturity is within one year or one year. T- billls is usually offer for sold at
$1,000, and can reach as high as $5 million.
Commercial paper can be regarded as
money-market security which is usually issued by large corporations so that funds can be obtained to cater for
short-term debt obligations that arises.
money market fund can be regarded as open-ended mutual fund which is been invested on short-term debt securities. This debt securities could be
US Treasury bills as well as commercial paper.
A. “provides details about an investment offering”