Answer:
A. Reset the temporary accounts and update retained earnings.
Explanation:
This is a performed by an organisation in form of transferring data of financial values from temporary accounts and its is been moved to the permanent account. Amidst these, the temporary account is said to balanced in such a way to be zero; because when not done so, the remaining data from the temporary account will be moved to the permanent account.
Process involved in this includes: Closing summaries that belong to income accounts and move to income summary. Also all expense accounts to income summary.
Answer:
w-2, Form 1040, and possibly Schedule (1... etc. )
Explanation:
Answer: Design quality and process quality
Explanation: A product or service is performed through a set of actions, which define whether it is good or bad (quality). Therefore, it can be said that the quality of the product or service, comes from the ability of the organization to respond to the needs and expectations of customers satisfactorily. Designing the quality of the products is the route that the seller follows to satisfy all the needs of the client and the process used for this, which must be thorough to meet the expectations of the customers.
Answer:
1) True
Explanation:
The checks and balances system allows every one of the government branches a say on new laws. First of all, Congress makes and passes laws. Second, the President can veto any law, and Congress needs two-thirds votes on both houses to overrun the presidential veto. Third, the Supreme Court decides if the law is constitutional or not, if it decides that the law is unconstitutional, it is eliminated completely or partially depending on the ruling.
Answer:
c. Debit supplies $100 & Credit Account payable $100
Explanation:
Preparation of Journal entry for for a $100 purchase of supplies on credit
Since we were told that the amount of $100 purchased of supplies was made on credit which means that the correct entry will be :
Dr Supplies 100
Cr Account payable 100
