Answer:
a. Utilities Expense 500
Cash 500
Explanation:
Given: Consulting immediately paid $500 cash for utilities.
As $500 cash been paid for utility expenses.
We know the golden rule of accounting transaction:
- Personal accounts: Debit the receiver, credit the giver.
- Impersonal real account: Debit what comes in, credit what goes out.
- Impersonal Nominal account: Debit all expenses and losses, credit all profit and gains.
Paid for utility expense of firm is not the personal account, however, it is impersonal account. In the given case, cash is going out of business.
Therefore, Debit all expense and losses and credit what goes out of business.
Journal Entry of the transaction:
Debit utility expenses account--- $500
Credit cash account--- $500
Answer:FALSE
Explanation:Sydney can not sell them to another person as he does not have the legal authority to sell copies of the book.
Copyright laws prohibits persons or Organisations who are not the rightful owner of the publishing or marketing of Art works,in certain societies trade marks are given to certain Organisation or agents. Violating this right might lead to legal prosecution either by the Government or the owner of the right.
Answer:
provide a uniform response to all hazards that a community may face.
Explanation:
Emergency Operation plan is referred to that document which focus on response given to particular emergency. it direct guideline which focus planning for any disaster in efficient and effective way.
It include six element on which this plan work. some of them are listed below:
1- communication
2 -resources and assets
3- safety and security
4 - staff responsibilities
5 -utilities
6 -clinical support
Answer:
Normally, you are buying those shares from someone who already owns them. You are not buying them directly from the company itself, but instead someone who owns shares from the company, called a shareholder or stockholder.
Explanation:
I hope this helps! :)
Fixed deposit account. Savings account.
