Answer:
For safety
Explanation: it is safe because only the name of recipient is able to cash the check at a bank or other financial institution
Try presentation. i think that will work it seems like it fits perfectly
Answer:
D. Revenues will be debited, expenses will be credited, and retained earnings will be credited.
Explanation:
It is provided that, revenues are much more than expenses, therefore the net difference of revenues and expenses will be transferred to retained earnings.
Retained earnings balance will increase as the net income is more.
Therefore, retained earnings will be credited.
further to reverse and close the entire revenues and expenses account it will be reversed, that is
Revenues will be debited and expenses will be credited.
Therefore, correct answer is
D. Revenues will be debited, expenses will be credited, and retained earnings will be credited.
Their salaries are DIRECT EXPENSES. Direct expenses refers to expenses incurred which vary directly with changes in the quantity of cost objects. Cost objects are items for which expenses are measured such as costs of materials used to manufacture a product.
The conversion of an asset especially a lone into marketable securities , typically for the purpose of raising cash by selling them to other investors
