Answer:
<em>ledger account contains a record of business transactions.</em>
<em>while</em>
<em> journal is defined as the book of original entry.</em>
<em>Explanation:</em>
<em>A ledger account contains a record of business transactions. It is a separate record within the general ledger that is assigned to a specific asset, liability, equity item, revenue type, or expense type. Examples of ledger accounts are: Cash. Accounts receivable.</em>
<em>A journal is a detailed account that records all the financial transactions of a business, to be used for future reconciling of and transfer to other official accounting records, such as the general ledger</em>
Answer:
Pay for what?
Explanation:
Most things require you to pay a fee.
The amount that Howard should report as taxable income from pensions and annuities when he files his tax return is $30, 000.
<h3>How to find the taxable income?</h3>
The Taxable income that Howard would report would depend on the contributions he made towards his retirement when he was still working. If these contributions were after - tax, then it would mean that he would not need to pay taxes.
However, as mentioned in the question, Howard did not contribute any after-tax dollars to the plan. This means that his entire income will be taxable.
Howard's taxable income would therefore be the entire $ 30, 000 annually.
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The cash flow statement plays a vital role for each type of company as it shows the cash positions with respect to the liquidity because the cash should be the most liquid asset and the same would be presented in the organization's hands.
Moreover, they always try to have a sufficient cash amount so that the risk attached to the unfavorable economic situation could be eliminated. So the business wants to store a high value of cash amount and have sufficient liquidity and the same would be presented in the cash flow statement.
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Spirituality acknowledges that there is more to life than what you do on a daily basis. It can help you realise your life's bigger purpose and free you from dependence on material possessions. Meditation, spiritual reading, practising gratitude, spending time in nature, and mindful breathing are some of the attentive strategies I employ to become more spiritual and enhance my lifestyle.
Spirituality is a broad concept that allows for a range of opinions. It typically involves a search for meaning in life and, generally, a sense of connectedness to something bigger than ourselves. Whether our spiritual activities are based in religion, nature, art, or something else entirely, spirituality may be a guiding force because it gives us a reason for being. This guiding light improves our compassion for ourselves and others while also assisting us in achieving serenity, which is one of the many ways it promotes our mental health.
Volunteerism, social duty, optimism, helping others, connection with others, feeling like you belong/are a part of a community, and love of oneself/reason to take care of oneself are a few examples.
Additionally, spirituality can be employed as a coping mechanism for uncertainty or transition. Everyone should make an effort to meditate for at least a minute in the morning. Be open to signs from the universe at all times.
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