Answer:
с. Purchases and Creditors
Explanation:
A goods account is hardly created in the general ledger. Accountants and bookkeepers use the purchases account to record goods bought by the company.
When a business makes purchases, it can either pay cash or in credit. Cash payments are recorded in the cash account. They reduce cash held by the business.
Credit purchases increase creditors and are recorded in the creditor's account.
Answer:
Option A
Explanation:
A Novation is a form of contract in which the original contract is substituted by a replacement contract where by the new party agrees to accept all the debts to be paid as a part of the original contract.
In other way the original contracting party give all the rights and obligations to the new party
Hence, Option A is correct
Answer would be .24, according to my "calculations"
Answer:
No
Explanation:
When Congress enacted the Federal Reserve Act in 1913, they stated the FED's mandates:
- promote maximum employment
- promote stable price
The FED's main objective is to conduct monetary policy in order to stabilize the economy and promote economic growth.
By stabilizing the economy the FED will lower inflation rate, therefore stabilizing prices. When the FED promotes economic growth, the unemployment rate should decrease, hopefully reaching a full employment.
