A company's current responsibility for goods or services it purchased from suppliers on credit is known as accounts payable (AP). AP is a department and a job as well.
<h3>Which activity causes the accounts payable to increase?</h3>
In essence, an outstanding bill causes the accounts payable to grow, but paying the debt causes the accounts payable to decrease. You can improve the health of your cash flow by extending the time period for paying your bills.
<h3>What does it signify when there is just one ruled line beneath a column of figures?</h3>
You will be adding or subtracting the numbers above according to the single rule drawn under a column. "Drawing a double line" is the Double Rule. The amounts above are totals that are equal and there are no additional entries because of a double rule.
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Answer:
b. a close corporation
Explanation:
A closed corporation has the following characteristics:
1. It is owned by a few people
2. It is taxed as a corporation
3. The shareholders run the business.
A s corporation has the following characteristics:
1. It has a maximum of 100 shareholders
2. It is taxed as a partnership
A sole proprietorship has the following characteristics:
I. It is owned by one person
2. The owner has unlimited liabilities.
I hope my answer helps you.
Answer:
C) Six.
Explanation:
As we already know that
The expenses, assets, losses, dividend contains a debit balance while on the other hand, the liabilities, revenues, revenues, gains, stockholder equity contains credit balance
If there is an increase in a debit balance account then it always shown in the debit side itself and vice versa
And, the same is applied for credit balance
Therefore, the accounts which have a normal debit balance are cash, utilities expense, salaries expense, account receivable, equipment, and the dividend
Answer:
The correct answer will be the "proportion of firms with flexible prices".
Explanation:
- The sticky market or price mechanism induces on the upward steep slopes quantity supplied for the immediate term cumulative. That was because firms reacting to changes and differences in economic conditions are restrictive in fluctuating prices.
- We addressed the explanations or causes behind the strength and stiffness throughout this section.
So that the above is the correct solution.
Options :
a. mistake.
b. opinion.
c. an adhesion contract.
d. fraud.
Answer: Fraud
Explanation: From the scenario described above, it could be inferred that Ken, the real estate agent used trickery to lure Lily into purchasing the property. Hence, Lily could be said to have been defrauded by Ken who used what Lily needed to trick her into making the purchase because the main specification, that is high traffic, which Ken used to lure Lily was actually false. Fraud remains a grave offence as it could only be carried out by lying, issuing false statement, blackmail, impersonation and other grave offences.
