Answer:
Sr. No Particulars Debit Credit
Land $ 65000
Profit & Loss Account $ 25,000
Corporation Stock $ 80,000
Cash $ 10,000
Explanation:
Recording of purchase of land for stock of $ 80,000 and cash $ 10,000 . As the value of land is $ 65,000 the loss is debited to the profit and loss account. the stock is recorded at the fair market value on the date.
Answer:
Seasonal discount
Explanation:
A seasonal discount is a discount that has been put on the goods out of the season so when people purchase it they get a huge discount. In this discount, the prices of a product get reduce the people who can purchase the same thing at a low price. This is also called a seasonal promotion. In this discount procedure, people get a discount on brands and varieties. In the fashion industry, the retailers offer a discount on summer clothes when summers nearby end and offer winter clothes when winters are at the end.
Answer:
Tell the situation to the person involved in the schedule before taking care of your personal emergency.
Explanation:
When making a schedule with other people, informing others in case we are suddenly unable to fill the schedule is considered as a social norm in almost all society.
If you decided to take care of your personal emergency without informing them, they will most likely become offended and you will damage the social relationship that you have with them.
