Answer:
Money is a common unit to measure all the goods and services. Also, it acts as a store of value. A farmer who uses perishable items to buy other goods cannot store it and use it in future.
If I am wrong please correct me.
Answer:
Frictionally unemployed
Explanation:
Frictional unemployment refers to a type of unemployment that occurs when people are in the process of moving from one job to another job.
Frictional unemployment is also known as search unemployment because it has to do with the time that is spent between jobs when a person is searching for a job, moving from one location to another in search of a job, or transferring from one job to another job.
Based on the explanation above, a plumber who quits his job in Indianapolis and moves to Orlando where additional plumbers are needed is said to be <u>frictionally</u> unemployed. The reason is that the plumber is moving from one job in Indianapolis to another job in Orlando.
Answer:
Mar 1
Dr Petty Cash $771.00
Cr Cash $771.00
Mar 31
Dr Office Supplies $33.00
Dr Selling Expenses 113.00
Cr Cash Short and Over $27.00
Cr Cash $119.00
Explanation:
Preparation of the entry to Record any discrepancy in the cash short and over account.
Mar 1
Dr Petty Cash $771.00
Cr Cash $771.00
(To record petty cash)
Mar 31
Dr Office Supplies $33.00
Dr Selling Expenses 113.00
Cr Cash Short and Over $27.00
[($33+$133+$632)-$771]
Cr Cash $119.00
(33+$133-$27)
(To Record discrepancy in the cash short and over account)
