Answer: Option D
Explanation: In simple words, additional funds refers to the funds that a company needs for financing a specific project or other such purposes. These funds are usually procured when there are no internal funds left in the company like retained earnings etc.
Thus, these funds are procured from external sources like issuing debt securities or by offering additional equity etc.
Answer:
C. Management
Explanation:
The Management of an organisation is primarily responsible for preparing the financial statements for that organisations to be consumed by relevant parties including the shareholders, the government and the society at large.
It is the responsibility of the Auditor to ensure that the prepared financial statement shows a true and fair state of the business for the period presented.
A contingent liability is a potential liability that may occur, depending on the outcome of an uncertain future event. A contingent liability is expected to be reported in the financial statement if it is likely to occur and can be reliably estimated.
Since Management is responsible for the preparation of the statement, then the inclusion of contingent liability is its responsibility.
The two measures of instability in economic growth are high unemployment rates and inflation
It is a false statement that a debit is always a negative entry under the double-entry system of accounting,
<h3>What is the double-entry system?</h3>
In accounting, this refers to the system for recording transactions based on recording increases and decreases in accounts so that debits equal credits.
Hence, the double-entry system requires that each transaction must be recorded in at least two different accounts.
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