The reason why trade restrictions have been applied in the recent trends is in order to decrease trade barriers. These trade barriers are often applied in order to decrease the competition between the imported goods and those that are locally produced. The answer to this would be the first option.
Answer:
Explanation:
Journal entries allow you to correct inaccurate information in your accounting records or add transactions that you cannot add in other sections of the software, such as tax adjustments or depreciation expenses.
What are the 3 golden rules?
Golden Rules of Accounting
Debit the receiver, credit the giver.
Debit what comes in, credit what goes out.
Debit all expenses and losses and credit all incomes and gains.
Answer:
D. ensure that she credits the loan amount accurately to the customer’s account
Explanation:
Erin needs to address this legal responsibility, and "arranging an informal meeting with the customer" is not a legal responsibility. Similarly, C is not a legal responsibility, and in fact, it is a crime. And E is not a legal responsibility. These details are not being given at the time of sanctioning the loan. However, D is certainly a legal responsibility as Erin needs to ensure that she credits the loan amount accurately to the customer's account.
Answer:
C : expensing a part of the cost of a building
Explanation:
A deferral is an amount of money that was earned or paid but that would be included in the income statement in a future accounting period. According to this, the answer is expensing a part of the cost of a building because the company pays the cost of the building but includes a part of it in the current period and the remaining will be recorded in a future period.
