El efecto de un cambio de moneda de informe debe reconocerse con base en el método retrospectivo establecido en la NIF B-1, cambios contables y correcciones de errores por tratarse de un cambio en la unidad monetaria de presentación
Answer: a. Assets increase by $125,000 and liabilities increase by $125,000
Explanation:
The Office equipment bought are considered PPE which means they are fixed assets. Their acquisition will increase the assets held by the company by the value of the equipment, $125,000.
The equipment was however, bought on credit. This means that the company still owes the suppliers, payment for it which will see their liabilities increase by the same amount of $125,000.
A. Veterinarian. hope it helps
Answer:
D) deduction from the balance per bank statement
Explanation:
A bank reconciliation statement is a document that matches the cash balance on a company’s balance sheet to the corresponding amount on its bank statement. Reconciling the two accounts helps determine if accounting changes are needed. Bank reconciliations are completed at regular intervals to ensure that the company’s cash records are correct. They also help detect fraud and any cash manipulations.
Answer:
modified capitalism.
Explanation:
Capitalism is defined as an economic and political structure where factors of production are controlled by private individuals aimed at gaining profit. The state does not have control of trade and industry.
However in modified capitalism the government has some level of control which they exercise by regulating business activities to some extent.
On the other hand in pure capitalism all decisions related to trade and industry are determined by only private entities
