Answer:
Hi there!
For accounting treatment , accounts are broadly classified into three types as personal account , real account and nominal account or fictitious account. They are as follows:
The account which is related with a person or organization ( entity ), is termed as personal account. Here person means natural persons like Anna , Olivia , James etc and organization represents the artificial persons created by law. The rule for debit and credit for personal accounts is ;
Debit : The receiver
Credit : The giver
The account which is related with assets or property is known as real account. Land and building , plant and machinery, and furniture and fixtures are the examples of the real account. Properties or assets are either incoming or outgoing from the organization. The rule for real account is ;
Debit : What comes in
Credit : What goes out
The account which is related to expenses or loss and income or gain is known as nominal account. Rent , wages , salary , discount , interest and commission are the examples of nominal account. The rule of nominal account is;
Debit : the expenses or losses
Credit : the income or gains
Hope this helps..
Best regards!!
Answer:
C. Agent
Explanation:
Agent Law- the agent deals with third parties on behalf of the company in a contract and the company defines the control an agent can exert
<u>Answer:</u>
High P/E ratios could mean that the company has a great deal of uncertainty in its future earnings statements is true about market value ratios
<u>Explanation:</u>
Market value ratios ease estimate the economic situation of openly purchased organizations and can perform a part in identifying capitals that may be magnified, depreciated, or rated moderately. P/E ratio is estimated as the value of the share in the contemporary time toward the profits the company has proclaimed for the financial term on a per-share basis.
A firm with a great P/E ratio is usually examined to be germination properties. firms with high P/E ratios are more prone to be viewed as perilous purchases than those with cheaper ones.
In today's decentralized business world, TOP MANAGERS are the most important strategic decision makers. Decentralization means distribution of decision making power through the hierarchy of an organization. Decentralization has increases in today's business world as it provides a dynamic environment to work.
Though, in decentralization power is also in hands of lower managers, middle managers, etc the top level managers still hold the rights to make decisions.