The answer to this question is to debit in a liability account. Liability account is a type of general ledger account which business or a company records it debts, deposits, income taxes that are from the previous transactions. When accounts are debited to the liability account it means that the company reduced its liabilities and its accountabilities.
Because in <u>accumulation of wealth, older people have an advantage</u>.
Explanation:
Older people tend to have more money simply because:
<u>1. they have had longer careers and hence are expected to have better salaries with better positions</u>
<u>2. they have had more time to save up capital and invest.</u>
Every age group chronologically is more able to collect money in their working years. Young people starting their careers are less likely to be able to accumulate wealth to have a worth that much.
Below we take a look at the five countries most threatened by severe water shortages that do not have the money to purchase it. Libya's troubles are twofold in that it is undergoing a period of political upheaval while also suffering from lack of water and other resources.
Acts as the governments bank
Maintains currency
Conducts monetary policy
Maintains the payment system
Answer: $1000
Explanation:
Hi, the gross margin is equal to the sales revenues minus the cost of the goods sold.
Revenues: inventory sold for $3000
Cost: $2000 Purchase of inventory
So, in this case we have to subtract $2000 (cost) to $3000 (revenue)
Mathematically speaking:
$3000- $2000 = $1000
Feel free to ask for more if needed or if you did not understand something.
