Answer:
the entity concept
Explanation:
According to the entity concept, a company and its owners are treated as two separate parties or economic units. Therefore, transactions such as purchases and receipts of the business must be recorded separately from those of its owners. Therefore, separate accounting records will have to be maintained to record the transactions.
No
It does not actually matter, because what we buy is the quality of the product not where the product is from.
Answer:
Factoring
Explanation:
Factoring is a form of debtor finance that involves an entity selling it's accounts receivables to a third party at a discount.
The third party is called a factor.
This practice is usually carried out to meet urgent cash needs of the business.
In this instance Kliting Co. has a lot of outstanding accounts receivables and there is need for cash to pay its suppliers and employees at the end of the month.
Instead of borrowing Kliting Co. sells their accounts receivables to get the needed cash.
This is factoring finance
Answer:
Plan can be defined as the steps that you have set or layed down to achieve a goal
While goal are those things that you have planned to achieve in a lifetime, goals are mainly priorities. hope this helps
"I', "ME", and "My" are the answr
