Answer:
D. Any of the above, depending on the transactions
Explanation:
The double entry principle simply means that any accounting transaction has two records: one credit, and one debit, and it depends on the nature of the transaction, and of the accounts involved which specific value is credited and which one is debited.
For example, if a firm purchases 100$ of office supplies with cash, the credited account is cash, because cash is reduced by $100, while the office supplies account is debited by the same value.
If a firm sells 100$ of office supplies instead, the office supplies inventory is credited for this value, while the same amount of cash is debited for this same amount.
Answer:
145 Fahrenheit (62.8 Celsius)
Answer:
Right
Explanation:
Labor is as much a commodity, selling in the market, as the materials to be worked up.
Venture most likely to attract a venture capitalist
C. A one-year-old e-commerce company
Explanation:
A venture capitalist is an investor who invests private equity and provides capital to the companies that exhibit higher potential of growth in the future or are projected to grow on the rate they are growing.
The venture capitalists usually fund a project in exchange for an equity stake in the business.
This could to a new started venture or pre existing businesses that need to expand to newer levels like the one year old e commerce company which is a booming industry.