Answer:
c) credit to Accounts Receivable - ZRT.
f) debit to Allowance for Doubtful Accounts.
Explanation:
As for the information provided,
We know in allowance method, provision is created as and when there are doubtful debts, for which entry is
Bad Debts Expense Account Dr.
To Allowance for doubtful debts.
And when the bad debts are actually written off then,
The entry will reduce the balance of accounts receivables and that of allowance as well.
Entry will be:
Allowance for Doubtful debts A/c Dr.
To Accounts Receivables.
Thus, correct options shall be:
Option c) and f)
Answer:
1. False
2. True
3. True
Explanation:
In Accounting, declaring and paying a stock dividend only decreases Retained Earnings but not Stockholders' Equity on the balance sheet because it has no effect on the cash position of an organization.
Answer:
Inter-modal transportation: Combining two or more modes of transportation
Explanation:
Logistics is the movement and coordination of resources such as food, liquids, materials, inventory, people and equipment from one location (origin) to another (destination). Intermodal transportation is used in logistics to transport a shipment from the shipper to the consignee. There are 3 methods of transportation:
- Ocean transportation e.g. ships
- Land transportation e.g. trucks, trains
- Air transportation e.g. flights
When any resource is transported by use of any two or more of these modes, it is known as intermodal transportation. For example, a container of clothing might be transported from Tokyo, Japan to New York, USA.
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Japan factory to Japan Harbor: Train
Japan Harbor to USA Harbor: Ship
USA Harbor to warehouse in USA: Flight
Warehouse to shopping mall: Truck
Answer:
retaining cultural independence of the businesses, individual brands and operating differences encouraging knowledge-sharing and collaborative activity among the businesses.
Explanation:
When Disney purchased Marvel they were probably searching for synergy which means that their combined effort is larger than the addition of their individual efforts. Synergy is achieved through sharing resources and allocating them more effectively, not by separating the companies.
Answer: (B) Production house
Explanation:
A production house is one of the type of studio or the company where the team basically providing the different types of duties on the basis of specialization.
According to the given question, the RT designs is one of the example of production house as the RT design is the company that basically designing the whole advertisement and also recording, filming the specific given advertisement.
Therefore, this company performing this type of functions is known as the production house.
