<span>Experience teaches the things which a book can not teach. Thus, having extra work experience gives an edge to the person with higher experience with person with lesser experience. Lawrence's experience is more than his younger employees hence he knows various aspects of his work profile than the youngsters.</span>
The journal entry to record the purchase of materials on account in process cost accounting is an Increase in assets and an increase in liabilities. Option A. This is further explained below.
<h3>What is a journal entry?</h3>
Generally, In process cost accounting, a rise in assets and an increase in liabilities are recorded in the journal entry for the purchase of materials on account.
In conclusion, A journal entry is a kind of entry that is used in the accounting records of a company to record a transaction that occurred inside the company.
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Answer:
Periodicity assumption
Explanation:
Periodicity assumption is the one which is also called as the time period assumption, it is described as the accounting guideline which follows the accountants to divide or separate the complex, the ongoing activities of the business into the periods of the week, quarter, month and year.
Therefore, the assumption of the periodicity, assumes the life of the company to be divided or separated into the artificial time periods in order to provide the timely information to the external users.
Answer: you would say that carter does not have a good finance in order to have the bank to give him a lown in order to get a lown you have to have a good job and good amount of money to pay it off in the future
Explanation: