Answer:
Ground rules
Explanation:
Rules between the supervisor and staff would ensure that professionalism is maintained in the workplace and certain protocols are not breached.
Answer:
a. Bonds payable Liability account
b. Equipment Asset account
c. Accounts payable Liability account
d. Salaries payable Liability account
e. Common stock Equity account
f. Retained earnings Equity account
g. Cash Asset account
h. Accounts receivable Asset account
i. Sales revenue Equity account
j. Inventory Asset account
Explanation:
All the assets account is debit in nature, so the equipment, cash, account receivable and Inventory accounts are debit in nature and these are classified as asset.
All the account with credit nature is either classified as Liability or Equity accounts. Equity accounts are common stock, retained earning and sales revenue. Liabilities accounts are bond payable, account payable and salaries payable.
Answer:
B) Public Disclosure Test
Explanation:
Public disclosure tests are part of ethical considerations that a business deliberates over in decision-making. Ethical decision-making requires considering the good of all people before deciding. The public disclosure test is among the three models of ethical decision-making that considers the needs of others.
In the public disclosure test, the business weighs whether it would find pride in being associated with a decision. The test here is whether the company would be willing to have its decision broadcasted to everybody. The phrase 'television test' implies that the business should ask itself it will be proud of its decisions should they be aired on public television for everybody to see.
Answer:
Debit Credit
A. Cash $28,000
Sales $28,000
B. Office Expenses $18,000
A/c Payable $18,000
C. Salaries Expenses $6,600
Cash/Bank $6,600
Explanation:
Accounting double entry rules are follows:
Debit: Increase in Assets, Increase in Expenses. (vice versa in credit side)
Credit: Increase in Liability, Increase in income, Increase in capital. (vice versa in debit side)
A. When services are provided it is recorded as an income on the credit side and cash received against the services are recorded in the debit side as it a current asset. (provided that the services provided and consumed are not for more than one month)
B. Office supplies are the office day to day expenses which needs to be recorded on the debit side. while on account payment is recorded on the credit side as a liability.
C. Salaries are expenses which needs to be recorded on the debit side and cash or bank will be credited as decrease in assets.
Answer:
A. True
Explanation:
The definition of global trade is simple: it involves the trading of any kinds of services or goods across the border. Trading across the border includes exporting of goods / services as well as importing of goods / services. in this case goods that are being traded include sports and art, while services include cultural events.