Answer:
a. Accounts Payable—Smith Co.; Merchandise Inventory
Explanation:
We assume that Jones Co. purchased merchandise on account.
In order to record the purchase returns we do the following,
Smith Co, debit, since this is a payable account and credit by nature, we debit it to reduce the balance payable amount by the amount of inventory returned.
We also credit out merchandise inventory, since it is reduced and no longer has the returns accumulated.
Option A is the right answer.
Hope that helps.
<span>Answer : Chart of accounts
Explanation:
A chart of accounts (COA) is a created list of the accounts used by an organization to define each class of items for which money or the equivalent is spent or received. It is used to organize the finances of the entity and to segregate expenditures, revenue, assets and liabilities in order to give interested parties a better understanding of the financial health of the entity.</span>
C. Declaration of Independence.
Answer:
all workers even those who are not being laid off
Explanation:
It is legally required by a business to inform in advance to its employees about closing down of business via notice that is understandable to all employees.
Explanation:
Organizational ethics can be defined as a set of values, practices and principles that guide the company's actions and behaviors in the internal and external environment. A company's set of ethics must be shared by each employee, regardless of their hierarchical position in the company.
In commercial and accounting practices, ethics should be the basis for the conduct of professionals, since in this organizational area there is usually fraud in the statement of results, agreements and corruptions for the benefit of themselves and others.
Ethics must be implemented equally in every functional area of a company, as it positively or negatively impacts the organizational results and the attitude of employees. Through ethics as a fundamental principle of a company, it is possible to achieve several benefits, such as:
-
Improved results,
- Greater employee motivation,
- Improved communication,
- More market value.