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GalinKa [24]
3 years ago
6

Which of the following is true of source documents in an accounting information​ system?

Business
1 answer:
MA_775_DIABLO [31]3 years ago
3 0

Answer:

a. Source documents provide control and reliability in an accounting information system.

Explanation:

The source documents are the documents that support all types of business transaction. It can be in terms of bank statement, purchase order, sales order, supplier invoices, etc. It can also known as vouchers

With the help of the source documents the accounting system provides the reliable and controlling of transactions

This is the first step to verify the transactions after that recording, posting of transactions could be done.

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True or False: An increase in the demand for notebooks raises the quantity of notebooks demanded but not the quantity supplied.
Natasha2012 [34]

Answer:

False

Explanation:

An increase in the demand for notebooks raises the quantity of notebooks demanded and also the quantity supplied

An increase in demand leads to a corresponding increase in supply

If the supply is not raised which will also increase the quantity of notebooks supplied, there will not be enough notebooks to meet the high demand for notebooks which brought about an increase in the quantity of notebooks demanded

4 0
3 years ago
Read 2 more answers
7g-9 ( 2g + 1 ) = 13
tatiyna
The answer to the question is g=-2

7 0
3 years ago
Wilma, who lives in New York, enters into a contract to buy a painting from Fred, who lives in France. The contract includes all
Shtirlitz [24]

Answer:

A court will most likely;

1. Allows the parties to rescind the contract.

Explanation:

The contract includes all the costs of insuring and shipping the painting from France to New York.

Since, the agent that made the shipping estimate makes a mistake when adding up the costs and, as a result, the shipping cost listed in the contract is $1,000 less than the actual shipping costs. A court will most likely allow the parties to rescind the contract because a part of the contract agreement has been breached in error.

7 0
3 years ago
Read 2 more answers
Charter Company, which uses the perpetual inventory method, purchases different letters for resale. Character had a beginning in
Gnesinka [82]

Answer:

Cost of Goods sold is $29

Explanation:

Under the perpetual LIFO or Last In First Out method of inventory valuation, we value the Cost of Goods Sold based on the price of the most recently purchased inventory before sale. Thus the units of closing inventory contains the inventory that was purchased first.

The cost of goods sold under LIFO will be,

Beginning Inventory (9* 3)   = 27

Feb purchases (4 * 5)           = 20

Oct sales (4 * 5 + 3 * 3)         = (29)

Dec purchases (5 * 6)           = 30

Ending Inventory                  = 48

So, the cost of goods sold under perpetual LIFO will comprise of the most recently purchased inventory before sale. The most recently purchased inventory before October sale was of February purchases. Thus, out of the 7 units sold, 4 will comprise of the February purchases and the remaining, 3 units, will be from the beginning inventory.

The cost of goods sold is,

COGS = 4 * 5 + 3 * 3

COGS = 29

8 0
3 years ago
You have $100 you have $100 to invest. If you can earn 12% interest, about how long does it take for your $100 investment to gro
Ann [662]

Answer:

8.33333 years ;

Yes, the time doubles.

Explanation:

Investment amount = principal = $100

Interest rate, r = 12%

Time taken for investment to grow to $200

Using the simple interest formula :

A = P(1 + rt) ; t = time taken ; A = final amount = $200

200 = 100(1 + 0.12t)

200 = 100 + 12t

200 - 100 = 12t

100 = 12t

t = 100 / 12

t = 8.333 years

Time taken, if rate, r = 6%

200 = 100(1 + 0.06t)

200 = 100 + 6t

200 - 100 = 6t

100 = 6t

t = 100 / 6

t = 16.6666 years

6 0
2 years ago
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