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lozanna [386]
3 years ago
11

What kinds of business transactions are NOT summarized in a sole proprietor's books? A. Credits. B. Expenses or deductions. C. G

ross income. D. Sole proprietor's wages.
Business
1 answer:
yan [13]3 years ago
4 0

Answer:

D. Sole proprietor's wages.

Explanation:

The owner of the business is the sole proprietor on the other hand sole proprietor is not an employee. Therefore he receives no salaries as he is the person who is an owner of any company or an organization. Any sum he takes from the company is considered to be withdrawn amount.

Hence, Sole Proprietor's wages are not listed in the ledger of the sole proprietor. So, the correct answer is D.

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When an airline industry, the military, and many other areas use scheduling programs to get the right people assigned to the rig
Ghella [55]

Answer: Option D  

Explanation: In simple words, MIS refers to management information system. It is used by organisations to manage and operate different functions efficiently and effectively.

In the given case, many industries are using scheduling programs to recruit individuals on a suitable job for them .

Hence we can conclude that they are using recruiting MIS.

7 0
3 years ago
If you were the leader of a special-purpose team developing a new computer game and conflicts arose related to power and status
Mice21 [21]
I would listen to the team’s differences and finally come to an agreement that will be the best benefit for everyone.
6 0
2 years ago
Waterway Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures wer
USPshnik [31]

Answer:

9.59%

Explanation:

The computation of the weighted-average interest rate used for interest capitalization purposes is shown below:

<u>Particulars                               Amount           Interest  </u>

9%, 5-year note payable      $2,458,400       $221,256  

10%, 4-year note payable      $3,504,400      $350,440  

Total                                        $5,962,800      $571,696  

So, Weighted-average interest rate is

= $571,696 ÷ $5,962,800

= 9.59%

8 0
3 years ago
How to identify the significant accounts, disclosures, and relevant assertions in auditing long-lived assets?
RSB [31]

An account or disclosure is a vast account or disclosure if there's an inexpensive possibility that the account or disclosure should contain a misstatement that, personally or when aggregated with others, has a fabric impact on the financial statements, considering the risks of each overstatement.

On the subject of auditing balance sheet accounts, which includes lengthy-term property and liabilities, the important thing assertions that an auditor will test are lifestyles; rights and duties; completeness and valuation.

To be able to become aware of these risks, we carry out techniques such as subsequent: Discussions with key employees to gain knowledge of your employer and its environment. Discussions and walkthroughs achieved and documented over internal manipulation tactics. diverse analytical tactics.

Learn more about environment here: brainly.com/question/17413226

#SPJ4

6 0
2 years ago
Exercise 9-1 Classifying liabilities LO C1 The following items appear on the balance sheet of a company with a one year operatin
nignag [31]

Answer:

1. Notes payable (due in 13 to 24 months)  - L

Long term because period of payment is over a year.

2. Notes payable (due in 6 to 11 months).  - C

Current because period of payment is under a year.

3. Notes payable (mature in five years).  - L

Long term because it will mature after a period of a year.

4. Current portion of long-term debt.  - C

Current because it deals with payment for the year.

5. Notes payable (due in 120 days).  - C

Current as it matures in less than a year.

6. FUTA taxes payable  - C

Taxes are for a single period making them current.

7. Accounts receivable  - N

This is an asset not a liability

8. Sales taxes payable.  - C

As this is this for the year, it is current.

9. Salaries payable.  - C

For the period so they are a current liability.

10. Wages payable - C

Concern one period so are a current liability.

7 0
3 years ago
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