Answer:
Dr Rent Expense ($800)
Cr Cash ($800)
Explanation:
Based on the information given we were told that the company pays the amount of $800 on
which was use to lease a copier for their corporate offices this means that we are going to record the Journal entry by Debiting Rent Expense with the amount of ($800) and Crediting Cash with the same amount of ($800).
Dr Rent Expense ($800)
Cr Cash ($800)
Answer:
D. Liabilities are overstated
Explanation:
The given journal entry is
Cash A/c Dr XXXXX
To Account payable A/c XXXXX
(Being the cash collection is recorded)
This above journal entry is wrong.
The correct journal entry is as follows:
Cash A/c Dr XXXXX
To Account receivable A/c XXXXX
(Being the cash collection is recorded)
For rectifying this error, either we reverse the given entry and pass the correct journal entry that is shown above or pass the entry that is given below:
Account payable A/c Dr XXXXX
To Account receivable A/c XXXXX
So, we can see the liabilities accounts are overstated due to this error
A week ago, i did a business interview with someone who works in a book publisher company.
One of her biggest concern regarding the business is the development of Electronic book format such as Epub and PDf. This development greatly reduced their market share since electronic books usually available at a cheaper price
Stay with the stay with the person till the paramedic unit arrives. Stop any external bleeding with tea towels or a shirt or whatever.
Answer:
O probationary period
Explanation:
Probation refers to the set amount of time that an employee needs work before they are made permanent. The objective of the probation period is to give the employee time to learn the business process and procedure. Probation enables employers to evaluate the new employees' work rate, discipline, habits, and attitudes before deciding whether to hire them as permanent workers or not.
From the data collected at probation, the employer may decide to promote the employee to permanent status, extend the probation period, or discontinue the worker. An employee under probation enjoys a salary and other benefits as the employer may decide.