The kinship units comprised thousands of families where each performed a particular economic activity. Jati is the Sanskrit name that is given to such kingship units.
Jati is the traditional term used to describe a cohesive group of people in India. This is similar to a tribe, community, clan, sub-clan, or religious section of people. Each Jati has an association with economic activity, geography, or tribe. Different linguistic groupings and religious beliefs may also define some Jatis.
The Sanskrit word Jati means 'birth.' The term Jati is used for the thousands of clans, families, and communities. This may also refer to a caste within the Hindu family. Madhav Gadgil who is a professor has Jatis as self-governing and closed communities. This was based on the research done by him in ancient Maharastra.
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Audit partners are periodically punished for holding a material investment in a client. This violates reasonably informed third party AICPA code of conduct rule.
Issuing the current year audit report when fees for the past year audit remain uncollected. The AICPA Code of Professional Conduct prohibits direct solicitation of clients by CPAs. A member who enters into or directs or knowingly permits another individual to enter into such an agreement for the performance of audit or other attest services would be considered in violation of the "Acts Discreditable Rule". A code of ethics and professional conduct outlines the ethical principles that govern decisions and behavior at a company or organization. They give general outlines of how employees should behave, as well as specific guidance for handling issues like harassment, safety, and conflicts of interest.
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Answer:
$2,583
Explanation:
The required value of your account at year 35 is:
$70,000 / 0.1 = $700,000
FV = $700,000. This is the required amount you need to have in your account 35 years from now
i/r = 10%. The interest that the account pays
n = 35 years
PV = 0
PMT (The amount of annual deposit required to achieve the target above. This is the missing value we need to calculate)
By using financial calculator, we obtain:
PMT = $2,583
Answer:
Ending stockholders equity 1,200,500
Explanation:
492,000 beginning RE
+92,000 retained earnings
-15,200 dividends
568,000 Ending RE
605,000 + 27,500 = 632,500 Ending Common Stock
632,500 + 568,000 = 1,200,500
Answer:
b.
Explanation:
The company sold 6 advertising spaces that would run from July to December for $400 each.
Total amount received for selling 6 advertising spaces = 6×$400
Total amount received for selling 6 advertising spaces = $2,400
The advertising spaces will run for 6 months i.e., July to December.
So, adjusting entry on 31st July would record the revenue earned for 1 month only.
Total revenue = $2,400
No. of months = 6
Revenue for 1 month = $2,400/6
Revenue for 1 month = $600
Thus, journal entry on receipt of cash as well as adjusting journal entry has been shown below:
