Answer:
Partnership
Explanation:
When you share ownership of a company, you are partnering with someone.
Answer:
see below
Explanation:
In this transaction, Rs. 700 is used to pay for rent that the proprietor uses for personal use. The transaction will be captured in the drawings account. A drawing account is used to track all the money owners take from a business for personal use. The amount taken to pay rent, Rs. 700 will be debited Drawings A/c.
The transaction will decrease cash ( asset account) by Rs. 700. A decrease in assets is credited. Therefore, the cash account will be credited by Rs.700
The journal entry will be
Drawings A/c Dr. Rs.700
Cash A/c. Cr Rs.700
Answer:
No
Explanation:
This does not violate the expenditure = output identity because this idenity says that goods-in-stock /unsold goods produced and ready for sale but not yet sold (inventory) are also a part of output, which if sold in the next accounting period, would still be calculated as sale in the current period, since it is the sale of output produced in the current year.
You are not required to wear a helmet while operating a motorcycle if you can show proof that you are covered by an insurance policy that provides at least C)$10,000 in medical benefits.
This situation related to the financial responsibility of the motorcycle driver to cover the accident. This situation regulated with a regulation called the Financial Responsibility Law.
Explanation:
In this case, as the presentation that you will make with your team at the sales meeting will take place in the afternoon and you need an answer in the morning, the ideal would be to use an email to send the message you want and get the response in less time.
Work e-mails are a tool that makes communication more efficient and faster regardless of the presence of other professionals in person, which speeds up decision-making processes and makes work faster and more effective as a whole, since e-mail is a form of instant communication where important and essential business messages can be conveyed.
