The entry that lane will make to record the receipt of cash will include a credit to the Accounts Receivable account.
<h3>What is Accounts Receivable?</h3>
Accounts Receivable is the amount, which a company will receive from its customers who have purchased its goods & services on credit.
It refers to the money that the customer owe to the company for the goods or services that they have already received but not yet paid for.
For example- Goods purchase on credit by ABC, the amount gets added to the accounts receivable.
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Answer:
Funsters should increase the supply of its doll now before the other doll hits the market.
Explanation:
Answer:
The correct asnwer is $-214 billion.
Explanation:
A surplus occurs when an account exceeds the credit after having paid all its debts and obligations.
As the example says, assuming that China’s net debt forgiveness was zero in 2012, then the net balance of China's financial account balance would be -214 billion.
This means that China would be facing a deficit.
A defit means that more money comes out of our company's account than it enters.
Which causes China to have a<u> negative balance account.</u>
Answer:
The correct answer is letter "B": franchising.
Explanation:
A Franchise is a business where one person, the <em>franchisee</em>, gains access to the proprietary knowledge, processes, and trademarks of a <em>franchisor</em>. In return for a royalty, the franchisee acquires the right to market a product or service under an existing brand name.
The customer is already familiar with the brand, so there is no need to invest additional resources to promote the product.
The correct option is C). Void contract. It is void type of contract if you sign a contract to purchase a machine that will allow you to travel back in time and meet Abraham Lincoln.
<h3>What is void contract?</h3>
Void contract is a formal contract between two parties, which is not authorized by the law and enforceable from the moment it was created.
A void contract is little differ from the valid contract. Void contract is not an actual contract, despite it is unenforceable.
Both void and voidable contract are null, but a void contract cannot be officially valid.
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