Answer:
False
Explanation:
The trial balance is prepared at the end of a counting period after all the accounts have been closed. The trial balance captures all the debits on one side and credits on the other. If the trial balance does not balance, it signifies errors in the general ledger. A balanced trial balance does not guarantee the absence of errors.
In preparing a trial balance, accountants usually follow the order of accounts as they follow each other as per the general ledger. It is not a requirement that either debits or credits come first.
Freelance entrepreneurs, bounty hunter, and factory worker.
The demand for this product is B. Elastic in nature.
If the price elasticity of demand is:
- Less than 1, a good is said to be inelastic.
- More than 1, good is elastic
- Equal to 1, good is unit elastic
The price elasticity of demand is calculated by the formula:
<em>= Change in quantity demanded / Change in price </em>
= 10% / 5%
= 2
Price elasticity of demand is more than 1 so we can conclude that the product is elastic.
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<u>Options for this question include:</u>
A. Inelastic
B. Elastic
C. Unit elastic
Growth...............that's the answer
With ecosystems !!!
Hope this helps !
Photon