Inventory and purchases are used to determine the last journal entry under the periodic method.
<h3>What is a Journal?</h3>
This is defined as a detailed account that records all the financial transactions of a business.
This is however done so as to be used for future reconciling of official accounting records. The periodic method has the Inventory and purchases as determinants in last journal entry of the accounting period.
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Answer:
The answer is below
Explanation:
1) Equator: The equator is an imaginary line that divides the earth into two equal parts known as the northern hemisphere and southern hemisphere. The equator is a line of latitude.
Line A is the equator
2) Latitude: Latitude are imaginary lines on earth that run from the east to west.
Line B are lines of latitude
3) Longitude: Longitude are imaginary lines on earth that run from the north to south.
Line F is a line of longitude
4) Prime Meridian: The prime meridian is a 0° line of longitude. It serves as a reference for other lines of longitude measurement.
Line E is a prime meridian.
5) South pole: The south pole is at a latitude of 90°S and all the lines of longitude meet there.
Point D is the south pole
6) North pole: The north pole is at a latitude of 90°N and all the lines of longitude meet there.
Point C is the south pole
Communism and socialism are usually found in command type of economic system.