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natali 33 [55]
3 years ago
7

A sum of Rs.5,000 written off as depreciation on furniture has not been debited to depreciation account.

Business
1 answer:
Nonamiya [84]3 years ago
5 0

Answer:

Dr Depreciation Account 5,000

Cr suspense Account 5,000

Explanation:

Based on the information given if the amount of Rs.5,000 which was written off as depreciation on furniture has not yet been debited to depreciation account the appropriate Journal entry to rectify the transaction is :

Dr Depreciation Account 5,000

Cr suspense Account 5,000

(Being to rectify the amount of Depreciation not debited in depreciation account now recorded)

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The selling price of the price that is offered to the buyer of the goods. The selling price of the car should be $<u><em>75,000</em></u>.

<h3>What is the selling price?</h3>

The selling price is the ultimate value of the goods the seller is willing to offer to the buyer at the time of sale. It is determined by adding up the profit margin to the actual cost of the goods.

The computation of the selling price of the car:

Given,

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\begin{aligned}\text{Selling Price}&=\text{Cost Price}+\text{Margin}\\&=\$60,000+(\$60,000\times25\%)\\&=\$60,000+\$15,000\\&=\$75,000\end{aligned}

Therefore, if Sherry wants to make 25% on the sale of each car then the car must be sold at $75,000 each.

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____ focuses on the productivity of the individual worker; the _____ approach focuses on the total organization.
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For example, if we look at what is happening in two South American countries right now; Currently Venezuela is facing a hyperinflation measured by millions, and Argentina's current inflation rate is around 60%.

Back in the 1980s, hyperinflation rates were much more common. Argentina, Bolivia, Brazil, Mexico, Peru and Nicaragua, all suffered from hyperinflation (inflation rates in the 1,000s).

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