Answer:
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The form of currency that is no longer backed by gold is called money. The currency is not backed by gold because in 1971 people have became able to utilize </span><span>banknotes</span><span> as the only form of money. So, the money had no currency with any gold or silver backing and that is the reason why it is not backed.
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The correct answer is; October 1st and September 30th.
Further Explanation:
There are approximately 3 types of fiscal years. They are;
- Business
- Federal
- Non-profit
The federal fiscal year always starts on October 1st and will end on September 30th the following year. These are divided into four quarters each year. This will cover a 12 month calendar year.
A fiscal year can contain 365 or 366 days depending if there is a leap year. This is used as a starting place to start commencing your record keeping in order and when to conclude for the year.
When keeping financial records numerous things needs to be kept for the following year. Some of the things that needs to be kept are; precise records, receipts, contracts, check stubs, and the budget used.
Learn more about the fiscal year at brainly.com/question/13648773
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Divide the numbers on the first graph by 1’s and you get your answer
Answer:
B. Work-in-Process Inventory-Dept. 2 750 Work-in-Process Inventary Debit. 1 750
Explanation:
The journal entry to record this transaction is shown below:
Work-in-Process Inventory A/c - Department 2 $750
To Work-in-Process Inventory A/c - Department 1 $750
(Being the completed units are transferred)
For recording this transaction we debited the work in process department 2 and credited the work in process department 1
