Answer:
Transfer pricing are the prices established to record inter-company sale
Explanation:
The transfer price is the price at which one arm of a business sells to the other.For instance,the price at which one division of a company sells to another division,
The transfer price is very important in order that tax authority may see that the sale price charged is at arms length for all parties involved.
Answer:
they would each be 4.9 i think
Explanation:
The total of the balances in the creditors accounts should agree with the balance of, "<u>the Accounts Payable account in the general ledger</u>."
We balance the accounts payable in the general ledger because it serves as a check to ensure that for every transaction, a debit recorded in one ledger account has been matched with a credit in another. If there is a double entry, the total of the debit balances should always equal the total of the credit balances.
Hence, the purpose of the accounts payable ledger and its subsidiary accounts is to display a company's debt to each of its suppliers, creditors, or vendors in a spreadsheet to more accurately track the data.
To learn more about accounts payable ledger here:
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<span> The southern agriculture did not benefit much from mechanization because tobacco and cotton required constant hoeing and weeding by hand at that time. The instruments were also not precise in picking cotton. </span>I hope my answer has come to your help. God bless and have a nice day ahead!
Fifo (first-in first-out) is like a super market line at the cash. The person who arrives first will be out first.
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in-> | | | | | | | | -> out
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Lifo (last-in last-out) is like the pile of dishes in a buffet restaurant. Fresh dishes are pushed into the stack. The last dish pushed in will be the first one to pop out when there is a customer needing a dish.
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