Answer and Explanation:
The journal entry is shown below:
Delivery expenses Dr $56
Merchandise inventory Dr $179
Miscellaneous expenses $25
To Cash $260
(Being the reimbursement of the account is recorded)
For recording this we debited all expenses and credited the cash as it increased the expenses and decreased the assets
Answer:
The correct answer is a) Esteem.
Explanation:
The pyramid of the Maslow hierarchy is based on five stages on the needs of people, which function as motivational factors for the individual; these are organized from those that must be satisfied first until reaching the peak of the pyramid.
Among Maslow's needs are:
- Physiological needs.
- Need for security.
- Need for love and belonging.
- Need for esteem.
- Need for self realization.
In his theory, Maslow speaks that the needs are being filled from the bottom of the pyramid, which begins with the physiological needs, then progresses to reach the top of the pyramid to meet his need for self-realization. I also make it clear that the requirement should not be satisfied 100% to move on to the next one.
In this case, Tanveer needs importance for esteem. The need for esteem is divided into two: the first is self-esteem, where the need for independence and achievement are present; the second is the desire for reputation or respect of other people where prestige or status is related.
And for Tanveer, the respect and reputation of his employees in his new job are very important to him.
<em>I hope this information can help you.</em>
Answer:
- This type of fraud is check tampering
- It amounts to 20.1% of fraud cases in small businesses, and 8.4% of fraud in large businesses
- This type of fraud can be prevented by rotating employees that handle check issuance to vendors, review of budget versus actual expenditure, monitoring of audit trail to see if beneficiary was changed, daily statement download for reconciliation, and restriction of functions for example a employee that issues checks should not also reconcile bank statement.
Explanation:
Check tampering is a very common fraud that involves changing the beneficiary of a valid check so that funds can be diverted.
In the given scenario the accounts payable clerk was able to change checks to his name in order to divert $10,000. This was only discovered by chance when an employee noticed the change in name.
Various internal control measures can be taken to prevent this and they are listed above
Answer:
Explanation:
The adjusting entries are shown below:
1. Prepaid insurance expense A/c Dr $280
To Prepaid insurance A/c $280
(Being prepaid insurance is adjusted)
2. Supplies expense A/c Dr $3,005 ($3,970 - $965)
To Supplies A/c $3,005
(Being supplies adjusted)
3. Depreciation Expense A/c Dr $190
To Accumulated depreciation $190
(Being depreciation expense is adjusted)
4. Unearned service revenue A/c Dr $4,680 ($11,700 × 2 ÷ 5)
To service revenue $4,680
(Being unearned service is adjusted)
Answer:
Explanation:
* M1 = currency in circulation + checking deposits
* M2= M1 + short term money deposits + 24 hour market funds
a) Deborah CD - M2
b) Van - M1 and M2
c) Carlos savings account - M2
