The business incurred an expense and paid it immediately. To record this an expense is debited and an asset is credited. To keep the account ledger correct, you must debit the expense and take it out of that account. Then the asset is credited because the asset is now on hand.
Answer:
E) Trading company
Explanation:
In international trade, trading companies are basically wholesalers that work at an international level. They usually purchase products from different businesses and then resell them to local retail businesses or sometimes final consumers (less common). Trading companies generally enter a exclusive distribution agreement with the manufacturer per region or country that they operate in.
Answer:
Statement is true
Explanation:
MIS or management information system is a software that gathers, processes or analysis and makes reports that aids managers in decision-making.
It helps in eliminating tedious task of doing all the above activities manually.
TPS or transaction processing system works more or less the same as MIS as it processes data and provides analyzed data as reports for managers to make crucial decisions.
So, both systems can be used used interchangeably.
The answer is true, it is because if two variables are having the same relationship having to have a positive effect, then both will move in the same direction in which both will produce a constant relationship, so the answer is true as all else remains constant.
What would be different is The money she has