Answer:
Both A and B
Explanation:
The original record that contains details that substantiates or supports the original document which will be entered in accounting system is called source document.
They describe basis facts such as amount, purpose and date.
Cancelled checks, credit card receipts and supplies invoices, cash register tapes are examples of source documents.
A partnership has been defined as "an association of two or more persons who carry on as co-owners of a business for a profit."
A partnership is a legal agreement/arrangement where people, known as partners, work together and are beneficial to one another in terms of business. A fun example of a partnership is Ben & Jerry's ice-cream. Founded by Ben & Jerry they were partners in their company and created a successful business though partnership.
Answer:
a. True
Explanation:
An informational report is a type of report in business that simply provides facts and data about a particular situation without supporting these details with an in-depth analysis and recommendation for improvement. An analytical report however has three of these characteristics. It provides facts and data, analyzes them, and makes the needed recommendation. The statement of purpose in an informational report is simple when compared to the statement of purpose in an analytical report which is more comprehensive. An infinitive phrase begins both reports.
For example, if in an organization, an employee named Adams John is told to prepare a report that evaluates the effect of new government regulations in the importation of parts needed for production, an informational statement of purpose would go thus:
To identify the effects of new governmental regulations on the importation of parts.
An analytical statement of purpose would go thus:
To identify the new governmental regulations limiting the importation of parts, analyze the effects of these regulations, and provide recommendations on better ways to adapt to the current situation.
The above shows a more detailed analytical statement of purpose.