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Elis [28]
3 years ago
7

The return of merchandise was recorded as a debit to accounts payable and a credit to purchases. This error would cause

Business
1 answer:
elena-s [515]3 years ago
4 0

Answer:

D. None of the above

Explanation:

Proper double entry bookkeeping requires that there must always be an offsetting debit and credit for all entries made into the general ledger. To record accounts payable, the accountant credits accounts payable when the bill or invoice is received. The debit offset for this entry is typically to an expense account for the good or service that was purchased on credit. The debit could also be to an asset account if the item purchased was a capitalizable asset. When the bill is paid, the accountant debits accounts payable to decrease the liability balance. The offsetting credit is made to the cash account, which also decreases the cash balance.

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Economists believe there is no direct relationship between inflation and employment
svetlana [45]
The answer for this statement would definitely be FALSE as Economists truly believe that there is a direct relation between inflation and employment. Whenever the prices increased, this also calls for increased employment rates. Though on the other hand, there is a trade-off between unemployment and inflation but not employment.
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3 years ago
The ability to continue after a disaster of some kind is a requirement of Security Rule. What item is considered part of the con
soldier1979 [14.2K]

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"Emergency mode operation plan" would be the correct approach.

Explanation:

  • The emergency method investigation strategy would be this same process improvement or business continuity strategy including its entire organization.
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2 years ago
Which federal law allows an insurer to obtain an inspection report on a potential insured?
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4 0
3 years ago
Apple's products are well known and valued because the demand, customer loyalty, and company's price premium rank high in the co
Sindrei [870]

Apple's products are well known and valued because of the demand, and customer loyalty, and the company's price premium rank high in the consumer tech industry. This is an example of Brand Equity.

<h3>What is Brand Equity?</h3>
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brainly.com/question/15105000

#SPJ4

6 0
2 years ago
A very small country's gross domestic product is $12 million.
Alekssandra [29.7K]

Answer:

The amount of net exports of goods and services is -$1 million.

Explanation:

The gross domestic product (GDP) is equal to the total value of the products and services that are produced in a country in a specific period of time. In this case, we will have that GDP would be:

GDP= I+G+NX

I= investment

G= government expenditure

NX= net exports

Then, we replace the formula and isolate NX:

$12=$5.5+$7.5+NX

NX= $12-$5.5-$7.5

NX= -$1

4 0
3 years ago
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