<span>c. money is deducted from the balance on the debit card.</span>
Answer:
Land $30,000
building $240,000
Equipment $30,000
To Cash $300,000
(Being the lump sum purchase is recorded)
Explanation:
For journalizing the lump sum purchase entry first we need to compute the allocated cost assigned to each asset which is shown below
(A) (B) (A × B)
Asset Market value Percentage of total value Purchase price Assigned value
Land $33,000 10% $300,000 $30,000
Building $264,000 80% $300,000 $240,000
Equipment $33,000 10% $300,000 $30,000
Total value $330,000
Now the journal entry is
Land $30,000
building $240,000
Equipment $30,000
To Cash $300,000
(Being the lump sum purchase is recorded)
We simply debited the assets as it increased the asset account and at the same time the cash is paid so it decreased the asset account
Answer:
YNW's ah family YNW's ah family
Explanation:
Answer:
cash a/c .......Dr rs.20000
To, capital a/c rs.20000
Answer:
Defensive marketing
Explanation:
Defensive marketing -
It is strategy by which the company get back the previous customers , which gets taken away from any type of marketing competitors , is referred to as defensive marketing .
This case is commonly seen , where people open any shop selling the same type of product , which a nearby shop already is selling , and which can lead to decline in the customers of the previous shop , as now people gets distributed into both the shops , leading to loss of one shop .
Hence , from the question,
The correct term for the given statement is defensive marketing.
