Answer:
i hope all are safe and gappy in this time take care of youreself also health first thsn any work
Answer:
800,000/600,000=1.33
Profit percentage = 1.33-1=0.33=33%
0.02*800,000=16,000 worth of goods returned
Profit= 0.33*16,000=5280
COGS= 16,000-5280=10,720
Adjusting Entry
Debit Credit
Goods returned 10,720
Profit 5,280
Cash 16,000
Explanation:
A social enterprise is a business that tries to solve
social problems, improve people’s lives, or the environment.
Social enterprises are businesses. They produce goods and services that earn money and make profits like any business but they are working to make a bigger difference, reinvesting the profits they make to do more good.
Answer:
False
Explanation:
Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes.
These documents play a pivotal role in a financial institution, thus, not optional.
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