Answer:
From the buyer's point of view, the delivery charge would he referred to as “carriage inwards”. Any such carriage charges should be debited to the carriage inwards account in the general ledger. The carriage inwards account is written off to the trading account at the end of the accounting period.
Explanation:
Carriage inwards refers to the transportation costs required to be paid by the purchaser when it receives merchandise it ordered with terms FOB shipping point. Carriage inwards is also known as freight-in or transportation-in. Carriage inwards is considered to be part of the cost of the items purchased.
The answer is C.
If the Federal government prints too much currency an increase in inflation is most likely happen. If you print more money the price of the current goods and services doesn’t change. However, households will have more cash to spend. If there is more cash that is after the same amount goods and services, companies will just put up the prices.
Answer:
True
Explanation:
Because the reason is that the micropreneur is a person who sets up his own business which is very small enough. The micropreneur also manages its own business as well. The risks associated with the business is also bear by the employee as well. So in the nutshell, a micropreneur is very small business with a very small risks associated with the business. The examples includes of freelancers who are not commited to any employer for long term and is self employed. Contracts the work and deliver the work within the time agreed.
Answer: the profit motive
Explanation:
The invisible hand refers to the indirect benefit that s society gets from the free market economy.
A free market economy is an economy whereby the decisions in the market are taken by the individuals and the firms and the main motive here is the profit.
Xerox immediately recognized revenue from long-term leased contracts on copiers, rather than recognizing it over the lease term. This is an example of (c) <u>Aggressive revenue recognition </u>
Explanation:
<u>Xerox immediately recognized revenue from long-term leased contracts on copiers, rather than recognizing it over the lease term. The company falsely drive up its stock prices, Xerox defrauded its investors by making them believe that that the financial position of the company was much more than what is being reflected or showed and Xerox were eventually charged and forced to pay a fine in excess of $10 million by the S.E.C</u>
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The four condition for recording up the sale by SEC are
- Persuasive evidence of an arrangement exists
- Delivery has occurred or services have been rendered
- The seller's price to the buyer is fixed or determinable
- Collectibility is reasonably assured
