Honestly you should answer this one yourself it seems like a question that contains your own answer
Answer:
Db Accounts Payable or Cash____900
Cr Inventory account__________________900
Explanation:
The journal entry would be: If merchandise is returned to a supplier, a debit is made to Accounts Payable or Cash, and a credit is made to the Inventory account.
Personal ownership of resources exists in capitalism and command economies.
Ownership is the legal proper to possess something. An instance of ownership is possessing a selected house and property. noun.
Ownership refers to the felony proper of an character, group, agency or government to the ownership of a thing. The difficulty of ownership is of types cloth and immaterial things. material possession is that which is tangible like belongings, land, vehicle, e-book, and many others. A shareholder is someone, employer, or institution that owns at least one share of a company's inventory or in a mutual fund. Shareholders essentially own the organization, which comes with certain rights and obligations. This kind of possession allows them to acquire the blessings of a commercial enterprise's success.
Ultimately, taking ownership is vital because it builds consideration, assistance, and bonds with humans you care about. A group cannot thrive without a subculture of responsibility as it's what continues everybody operating together toward a collective, described organizational undertaking.
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Answer: The internal auditor discovered it when performing a routine audit of expense reimbursements
Explanation:
Marcus Lane, was a geologist who travelled all over North America and South America and this results in several expense reimbursements. Lane engaged in fraudulent activity by double booking his air travel.
He used cheaper ticket for the actual flight and more expensive ticket was returned for credit. But, he submitted the expensive ticket for reimbursement.
The fraud was discovered by the internal auditor while doing a routine audit of expense reimbursements. He was terminated and he agreed to pay the money back.
Answer:
personnel management.
Explanation:
Training new personnel who just started working at the office fits under personnel management.
Personnel management can be defined as an administrative task or function which primarily involves the process of hiring employees and developing or training them to become beneficial and valuable for the growth and development of the company.
Hence, the main purpose and focus of personnel management is to provide a quality workforce necessary to successfully achieve the organizational set goals and objectives.
