Answer:
C. Expenditures
Explanation:
Based on the information provided within the question it can be said that the Parks Department should use an expenditures account to record these billings. Expenditures refers to the action of spending funds to purchase goods or services on behalf of the company. Such purchases can include vehicle rentals like what was billed for the Parks Department.
Answer:
The correct answer is option a.
Explanation:
Apples and oranges are substitutes. An increase in the price of oranges will cause the demand for apples to increase. This is because people will prefer a cheaper substitute. This increase in the demand for apples will cause its demand curve to shift to the right.
The rightward shift in the demand curve will cause the equilibrium price to increase. But this change in price will not cause a change in demand. The change in price affects only the quantity demanded. Change in demand happens because of a change in other factors.
So, the given statement is not correct.
The major financial change between post ww2 borrowers and borrowers after 1970 was that there were plenty of jobs after World War 2 and the economy was growing at a large extent.
Most of the people believed that their income would not change even though there were plenty of jobs in the economy.
However they all have a constant income from the year 1945 to 1970.
So all the people continued to borrow more and more money by not attending or joining any post war job in the economy.
Banks were also willing to lend more and more money as they were on the way of high earning through more lending but they get closed.
So after the war people continued to increase their loans and debt ratio in the economy of lending due to which it became the period of great depression.
To know more about post war borrowing here:
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Answer:
A
Explanation:
In the accounting process extracting a trial balance is the final step.
