All categories

3 years ago

Briefly explain the following with examples:

Business

1 answer:

Orlov [11]3 years ago

3 0

Answer:

Any transaction in cash, either paid or received eg. bought goods from supplier on cash.

Some time supplier offers customer the credit so he can pay later. Bought goods from supplier which are payable in 30 days.

Revenue expenditure is short-term expenditure used to run daily operations eg. Rent, Salaries. These are treated as expense in SOCI.

Where as capital expenditure is one-time large expenditure which generate revenue for company in future. eg Plant and Machinery, Equipment, Furniture. These are capitalized as in SOFP as they meet the definition of Asset (ie Future economic benefits will flow to entity).

You might be interested in

In the United States, sole proprietorships and partnerships outnumber corporations.a. Trueb. False

lianna [129]

Answer:

a. True

Explanation:

The sole proprietorship and partnerships outnumber corporations in United States but they net fewer sales and less income than corporations, individually and when combined.

8 0

3 years ago

Typically, salary of a job grows when: *

Oliga [24]

Answer:

Explanation:

motivation, desire, and attitude are the most important aspects when it comes to your job. Having your boss like you is great and all, but it won't get you a raise.

6 0

3 years ago

How did the framers feel about the public's capacity to be politically informed and make good choices?

frez [133]

The framers were insecure, and they doubted the public's ability to be politically capable and make good choices. They were concerned if the public would be able to come up with good political judgments.

A framer refers to a person, group, or organization that creates or frames laws, rules, plans, and systems of an institution. In the given sentence, the question is about the framers of political laws.

The public is sometimes swayed by the masses and also the media. They do not have the power to analyze and see the truth behind the politics of the rulers. Thus, it might be possible that the public might be swayed by some rulers and fail to make an unbiased judgment.

That is why the framers were concerned about the public's capacity to make good decisions.

To learn more about framers,

brainly.com/question/4921218

brainly.com/question/11629024

#SPJ4

7 0

1 year ago

How does the relationship between risk and expected return serve to allocate capital in a market?

Arte-miy333 [17]

The relationship between risk and expected return serves to allocate capital in a market. Investors want to maximize return for a given level of risk, so capital flows to its most efficient use.

There is a positive correlation between the level of risk taken and the level of return expected. The greater the risk, the greater the expected return and the greater the likelihood of suffering a large loss.

The relationship between risk and expected return is called the risk-return relationship. This is a positive relationship because the more risk you take, the higher the required return that most people demand. Risk aversion describes a positive risk-reward ratio.

Learn more about risk and expected return at

brainly.com/question/25821437

#SPJ4

7 0

2 years ago

A buyer entered into a written contract with a seller to purchase his commercial property for $100,000. The contract did not spe

sukhopar [10]

Answer:

Im pretty sure that the seller would prevail.

Explanation:

If not than I apologize so sorry <3

3 0

2 years ago