Loss due to damaged property is the risk involved in both sales and leases. Thus, Option A is the correct statement.
<h3>What is the difference between a Sale and a Lease?</h3>
The primary distinction between sale and lease is that a sale occurs when the owner of a property gives up ownership in exchange for money.
A lease, on the other hand, is when the owner of specific property rents out the property for a set period of time.
Thus, Option A. Loss due to damaged property is the correct statement.
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Answer:
sales tax payable 1,200 debit
cash 1,200 credit
Explanation:
To record this entry we need to understand the sales tax is not an expense for the company as is charged into the invoice and paid by the customers.
The company is an intermediate agent between the customer and the government. The company's role is to collects the tax and pay to the government. We need to record the payment of 1,200 to the government thus, we write-off the sales tax payable and credit the cash give away to the IRS
Answer:
Engineering is an occupation with an extremely wide reach. The term 'engineering' covers many fields and, by extension, many skills. Engineers are scientists, inventors, designers, builders and great thinkers and improve the state of the world, expand human capability and make people's lives safer and easier.
Engineering skills include:
- The scientific method
- Social, cultural and economic awareness
- Mathematics
- Biology, chemistry, physics and other areas of science
- Creativity
- Teamwork
- Where science is involved with designs, buildings, use of engines, machines, and structures.
The answer is: the judge is responsible for presenting the state's case against the defendant
The judge's main duty is to interpret the law and oversee the process that happen in the court room.
The one that responsible to present the case against the defendant is called the prosecutors. The prosecutors had similar duties with lawyers in general, but they are hired by the government to handle cases on their behalf, not the private sector.
