Satisfaction is the accounting system linked to family loyalty and indebtedness.
<h3>What is Satisfaction?</h3>
This refers to the fulfilment needs of a person being met as a result of an action or a consequence.
With this in mind, we can note that satisfaction is the accounting system linked to family loyalty and indebtedness as this controls the interactions and patterns that operate in a family over time and that are linked to expectations.
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<span>Economists
differ in their views of the role of the government in promoting
economic growth. at the very least, the government should lead the country.</span>
Answer:
Correct option is (B)
Explanation:
Given:
Beginning capital = $80,000
Net income = $35,000
Drawings = $18,000
Net income is added to opening capital and deduct drawings to arrive at capital balance at the end.
Capital at the end of the year = opening capital + net income - drawings
= 80,000 + 35,000 - 18,000
= $97,000
The correct answer is B.
The interviewer will be taking notes with recommendations for the next person in the process, since the interviewer won't be the sole person making the rejection/acceptance decision.
Answer: is permitted if results are similar to the allowance method
Explanation:
The direct write-off method is refered to as an accounting method whereby the uncollectible accounts receivable are being written off as bad debt. Here, the bad debts expense account will be debited while the accounts receivable will be credited.
The direct write-off method is permitted if results are similar to the allowance method. For the allowance method, it should be noted that an estimation of the bad debt future amount will be charged to the reserve account once the sale takes place.
