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storchak [24]
4 years ago
8

For accounting errors, which of the below sentences is true?

Business
1 answer:
Monica [59]4 years ago
7 0

Answer:

The correct option is C

Explanation:

Accounting error is the type of error in the accounting which was not done intentionally but when spotted, the error need to be fixed immediately. And when there is no immediate solution for the error, an investigation is conducted in order to find out who caused the error.

The statement which is true is that they represent the fraud which usually result in the legal action to be taken.

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Business rules apply to businesses and government groups, but not to other types of organizations such as religious groups or re
Wittaler [7]

Business rules apply to businesses and government groups, but not to other types of organizations such as religious groups or research laboratories. this statement is false.

A company is defined as an organization or company engaged in commercial, industrial, or professional activities. A business can be either a commercial enterprise or a non-profit organization. Legal forms range from limited liability companies to sole proprietors, corporations and partnerships.

Business improves quality of life in two ways. First, we provide quality goods and services to people who need them for their enjoyment, comfort and health. Second, businesses provide people with employment opportunities through which they generate income and improve their quality of life. SMEs are important because they provide entrepreneurial opportunities and produce more satisfying and meaningful work than positions in large, traditional companies. Boost your local economy, keep money closer to home, and support your neighborhood and community.

Learn more about Business  here

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8 0
2 years ago
Large aircraft producers such as the Boeing Company normally use: Select one: a. Job order costing. b. Process costing. c. Mixed
insens350 [35]

Answer: Job order costing

Explanation:

The costing of work orders or job costing refers to the method for distributing and collecting production costs to a specific production unit. The costing method for job orders is implemented when the different items generated vary significantly from one another and each one has a substantial cost.

     The job cost documents also perform as the conglomerate ledger for the expense of the job-in-process stock, the stock of finished products, and the charge of selling products to the supplier. Because there is a considerable difference in the produced goods, a separate department order cost report for each individual item is required for the job order pricing system.

8 0
3 years ago
What is one counter-argument to the premise that the wealth gap is a serious problem which needs to be addressed? the lower clas
VladimirAG [237]

The investments by the upper class that creates lower-class jobs is the counter-argument on wealth gap that needs to be addressed.

<h3>What is a wealth gap?</h3>

This refers to the gap that classifies the group of people based on their earned income and wealth.

The statement that "Investments by the upper class create lower-class jobs" need to be addressed because it is a true statement about the condition of every economy.

Therefore, the Option C is correct.

Read more about wealth gap

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5 0
2 years ago
Taxes and​ needs-tested spending work as automatic fiscal policy to dampen the business cycle because taxes​ ______ during an​ e
luda_lava [24]
The answers to the blanks provided above are DECREASES and INCREASES, respectively.  This is based on the concept of what a business cycle is. What happens during recession is that they try to restore the economy by expansion, and therefore, through this, the government increases their spending and cutting taxes as well.
8 0
3 years ago
Which of the following types of accounts have a normal credit balance?
Luden [163]

Answer:

Liabilities and expenses

Explanation:

Liabilities and expenses are mostly thee ones that have a normal credit balance

3 0
3 years ago
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