An account is a record of every transaction, whether it increases or decreases the value of a specific asset, liability, equity, revenue, or expense.
<h3>What is an account?</h3>
An Account is a systematic way to record all the necessary transactions relating to a specific asset, liability, equity, revenue, or expense.
An account contains all types of transactions, whether related to financial or non-financial.
Thus, an account records all types of transactions that will increase or decrease the value of the specific asset, liability, equity, revenue, and expense.
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Answer:
As with any legal process, bankruptcy is a complex issue with both positive and negative consequences. Anyone considering filing for bankruptcy should consider all the possible outcomes before taking this step. Whether one is considering a Chapter 7 straight bankruptcy or a Chapter 13 repayment plan case, consulting with a qualified consumer bankruptcy attorney is paramount to ensuring that the process runs smoothly and advantageously.
Answer:
The answer is option B) According to the Lewis two-sector model the creation of a Modern (urban) Sector will:
Create a flow of labor from the traditional sector into the modern sector.
Explanation:
The two sector model propounded by W. Arthur Lewis is a theory of development that identifies two sectors: the traditional and modern sector.
According to this theory, the creation of a modern sector will generate a flow of excess labor from the traditional sector to the urban sector where there is more demand for labor.
Over time, this migration will create more jobs, stimulate industrialization and a framework for sustainable development.
Answer:
The Economist Intelligence Unit estimated the Cuban economy grew 0.5% in 2019 but will contract 0.7% in 2020. The Cuban economy has been hard-hit by the reimposition of, and increase in, U.S. sanctions that impede international financial transactions with Cuba and by Venezuela�s economic crisis, which has limited Venezuela�s support to Cuba. On 06 September 2019 the Department of the Treasury�s Office of Foreign Assets Control (OFAC) amended the Cuban Assets Control Regulations (CACR) to further implement President Trump�s June 2017 National Security Presidential Memorandum (NSPM) Strengthening the Policy of the United States Towards Cuba. These actions mark an ongoing commitment to implement the President�s Cuba policy. Previously, on June 5, 2019, OFAC further restricted non-family travel to Cuba by removing an authorization for group people-to-people educational travel, pursuant to an April 17, 2019 foreign policy announcement.
Cuban President Miguel D�az-Canel on 28 February 2020 responded to the suspension of the sending of remittances to the island from outside the United States applied by the Western Union company, a decision attributed to the hardline policies of U.S. President Donald Trump. �Another measure against the Cuban people. This is how the empire acts, with total arrogance and contempt, but no one will stop us,� the Cuban president wrote. Remittances are a vital source of income for Cuba, a country that for years has had an endemic balance of payments deficit and is currently facing a worrying economic crisis due to lack of foreign exchange, which makes it difficult for the island to acquire basic products and prevents the State from complying with part of its financial commitments.
Explanation:
Answer:
Harry is NOT considered to be part of US labour force
Explanation:
The labour force as we know is made up of employed people and unemployed people. But, in some cases, some people or group are excluded automatically on basis of demographics and others excluded on the basis of the decision they make.
The Military which Harry is a part of is one of those groups that are automatically excluded from being in the labour force. This is because the military personnel are not considered to he part of the resources available for productive activities. Also, the employment rules in the military differs from the mainstream employment rules we know governing other bodies. Military personnel has no effect on productivity levels within the country. Hence, the reason why they are not considered as part of the labour force.
