Answer:
Legal Risk
Explanation:
Legal risk are damage, financial, reputational losses or any other form of loss received by a business due to negligence in compliance with the law related to the business. They are prospective fines or loses that a business or an organization receives for not complying with the business law and regulations.
In this case, the prospective loss could come by associating with Azpak limited which have inadequate protection of intellectual property rights.
Odd consecutive integers are odd integers that follow each other. They have a difference of 2 between every two numbers. If n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". Examples.
A company receives $371, of which $21 is for sales tax. the journal entry to record the sale would include a debit to Cash for $371.
Claim means a reservation against payment made or unpaid. Debit entries are typically created to the left of accounts. So, when a transaction is made in a double-entry bookkeeping system, one account is debited and the other is credited.
A direct debit is a record of money taken from a bank account. For example, when writing a check. The total debits must balance the total credits. Synonyms: Payment, Liability, Payment, Obligation Other synonyms for direct debit.
Debit is a formal bookkeeping and accounting term, derived from the Latin word debate, meaning "borrow". Charges are categorized on the positive side of balance sheet accounts and on the negative side of resulting items.
Learn more about Debit here: brainly.com/question/14279491
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Answer:
Dr Cash $92,811
Cr Notes Payables $92,811
(Being the proceeds and issuance of note
Explanation:
Annual rate = 12%
Interest for 9 months will be:
9/12 x 12% = 9%
So disbursal is 9% x $92,811
= $8,353
Principal (borrowed money) is $92,811.
The loan was disbursed on January 1. So it's only the proceeds from the loan which will be recorded on this date. Repayment will start at later date.
Therefore, The entry made by Guarantee Company on January 1 will be:
January 1
Dr Cash $92,811
Cr Notes Payables $92,811
(Being the proceeds and issuance of note)
