Answer:
Analytical reports are written for external audiences; informational reports are written for internal. An informal writing style is appropriate for external reports
Explanation:
Meaning of Informal Writing Style
Colloquial – Informal writing is similar to a spoken conversation. Informal writing may include slang, figures of speech, broken syntax, asides and so on. Informal writing takes a personal tone as if you were speaking directly to your audience (the reader).
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In an audit of inventories, an auditor would least likely verify that all inventory owned by the client is on hand at the time of the count.
An auditor no longer assumes all inventories to which the auditee has a name to be available a the date of the depend. A few bought goods may also still be in transit at that time. Additionally, some stock may be on consignment or in public warehouses through properly included in the county.
An audit is an "impartial exam of monetary statistics of any entity, whether or not profit oriented or now not, no matter its size or legal form whilst such an exam is performed so one can explicit an opinion thereon.”
An auditor is a person or a firm appointed with the aid of an employer to execute an audit. to act as an auditor, someone should be licensed by means of the regulatory authority of accounting and auditing or possess sure detailed qualifications.
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Answer:
The beneficiary should receive 6 more years of payment.
Explanation:
An annuity certain option guarantees that the insured or his/her beneficiaries will receive payments for a minimum period of time in case the insured dies.
In this question the certain option was 10 years, during the first 4 years the insured received his/her annuity payments, but once the insured passed away, his/her beneficiaries will continue to receive payments until the 10 year period ends (6 more years).
Answer:
Correct option is (D)
Explanation:
Employees, employers and self employed are supposed to contribute to fund social security and medicare.
Contribution made by each party comes under different categories. Employees contribute to social security and medicare in the the form of FICA taxes which could be withheld by the employers. Employees pay 50 percent and the remaining 50 percent is paid by the employer.
Self employed contribute in the form of self employed taxes.
Answer:
The one entry is recorded
Explanation:
The journal entry is shown below:
Inventory A/c Dr (Ending inventory) $10,000
Cost of goods sold A/c Dr (Balancing figure) $94,000
To Inventory A/c Dr (Beginning inventory) $5,000
To Purchase account $99,000
In mathematically,
Cost of goods sold = Beginning inventory + purchase - ending inventory
= $5,000 + $99,000 - $10,000
= $94,000
