The Journal entry which Nicholson company will prepare on June 2 will be like when goods are returned the reverse entry is made which is
Accounts Payable A/c Dr. $480
Purchase Return / Inventory A/c Cr. $480
A journal entry is an act of recording any transaction, whether it is economic or not. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
Accounting journal entries are transferred from the journals and posted to the general ledger in order to record financial transactions in the accounting system. Modern accounting software handles the majority of this process automatically, but it's crucial to understand what's going on since there are instances when manual entries will need to be made to adjust or correct account balances at the conclusion of an accounting month.
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Short-term price reductions that can be used to retaliate against a competitor's actions like introducing a new product are called deals.
Instead of considering an asset's long-term fundamentals, short-term trading mostly concentrates on price action. This trading strategy looks for market volatility around significant economic data releases, corporate earnings, and political events in an effort to profit from sudden changes in market prices.
A mutual agreement or communication between two or more parties that intend to conduct business is referred to as a business deal. The transaction is typically carried out between a seller and a buyer to exchange valuable assets including money, products, services, and information.
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Answer: (D) Poor leader-member relations
Explanation:
In the poor leader member relationship, the member of the group are poor and the leaders focus are mainly shift away from the task in type specific group. It raises the poor conflicts and behavior in the relations of the group members.
The contingency model is one of the important business contingency theory which focus on the leadership effectiveness in the specific organization. This theory is mainly developed by the Fred fiedler.
Therefore, Option (D) is correct.
a balance achieved between two desirable but incompatible features; a compromise.
