There are four types of businesses organisation. Sole trader is owned by one person and he makes all the decisions, and earns profit and bears the loss himself. A partnership is owned by 2 or more people and they help each other. The profit and loss is divided between them.
B. the subsidized federal loan /////////////////////
Answer:
1. Profit
2. Business
Explanation:
Profit may be defined as the income which is distributed to the owner in the production process of a profitable market. In other words it is the extra revenue generated by the company that is in excess of the money spend as expenses. It is the difference between the earned income and the costs.
Business is a regular work or occupation or trade of a person. It refers to an organized efforts as well as the activities of any individual to produce the goods and services and sell them for a profit.
Answer:
Explanation:
The four transactions will be recorded in the general journal as follows:
1) Debit cash $12,000
Credit common stock $12,000
(To record the sale of common stock)
2) Debit purchases $5,600
Credit cash $5,600
(To record purchase of inventory in cash)
3) Debit cash $5,712
Credit sales $3,360
Credit gross profit $2,352
(To record the sale of inventory in cash)
4) Debit advertising expenses $650
Credit cash $650
(To record the payment of advertising expenses in cash)
The use of the <u>internet </u>allows bank customers the ability to complete most transactions electronically without leaving home.
<h3>What is Internet?</h3>
Internet help to transmit data or information across a network, making it possible for internet user to communicate and exchange information.
Example of internet are:
- WAN which full meaning is Wide Area Network.
- LAN which full meaning is Local Area Network.
Hence, internet play an important function as it make it possible for bank customers to complete their transactions electronically or to carryout their transaction online without having to leave their various homes.
Learn more about internet here:brainly.com/question/2780939
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