Explanation:
The journal entries are as follows
a. Cash $540
To Account payable $540
(Being the error is recorded)
It is computed below:
= Corrected amount - incorrect amount
= $710 - $170
= $540
b. Bank service charges $20
To Cash $20
(Being the bank services charges are paid in cash is recorded)
All other information is ignored
Answer:
The best approach is to employ Risk Assessment
Explanation:
Executing Risk Assessment separately for either physical security or technological security makes implementing recommendations easier as regards that which has a higher priority of protection in comparison to the duo mentioned.
Answer:
False
Explanation:
Farm cooperatives remain by far the most important food source in the world, both for direct human consumption and, indirectly, for livestock production inputs.
Since the mid-sixties, the world has managed to increase cereal production by almost one billion tons.
The business has expanded in recent decades, becoming a very prosperous industry.
Answer:
The correct option is C
Explanation:
Income statement is the one which states the core financial statements of the company which shows the profit and loss. And the profit and loss statement states the ability of the company for generating sales, create profits and manage expense.
It is that statement which to be prepared first, as in prepared before the retained earnings statement and the balance sheet statement.
