Answer and Explanation:
The Journal entry is shown below:-
September 9
Petty cash fund Dr, $400
To Cash $400
(Being establishment of petty cash fund is recorded)
Here we debited the petty cash fund as assets is increasing while we credited the cash is decreasing.
September 30
Merchandise Inventory Dr, $51
Postage expense Dr, $73
Cash Short and over Dr, $13
Miscellaneous Dr, $141
To Petty Cash $278
(Being reimburse of petty cash find is recorded)
Here we debited the merchandise Inventory, postage expense, cash short and over and miscellaneous as it is expenses while we credited the petty cash as is reimbursed.
October 1
Petty cash fund Dr, $60
($460 - $400)
To Cash $60
(Being increase in petty cash fund is recorded)
Here we debited the petty cash fund as assets is increasing while we credited the cash is decreasing.
The above is an example of directing
Directing is one of the responsibilities of a management
accountant. It involves governing the operations of a company in a particular
direction. It is a process through which the manager guides the performance of
workers to achieve set goals.
Answer:
Letter A is correct. <u>Fostering competition.</u>
Explanation:
In this case, it is correct to say that small businesses are fostering competition.
Competition in the business world can be defined as a situation where two or more companies that supply products are rivals in the quest to conquer the same market and the same customers.
Large companies often have some dominance and influence over the market, which means that they impose various barriers to market entry by other competing companies, especially if they are micro-companies. In the case of the above question, when there are a large number of small companies looking to establish themselves in a specific niche in the market, due to possible retaliation by large companies, together, they are exerting an influence on the market that promotes competition.
Answer:
A plant asset will add to assets and subtract from liabilities.
Explanation:
The general ledger holds all of the information needed to prepare financial statements and includes assets, liabilities, equity, revenue and expenses.
I hope I understood the question and that this helps.
Answer:
$345,000
Explanation:
Since Halka Company uses a maturity matching approach, it must match its short term working capital with its short term debts, and its long term working capital with its long term debts. Halka's assets should be compensated with a corresponding debt instrument of similar maturity.
Since Halka's assets vary form $345,000 to $410,000, its long term debt plus equity should match at least $345,000.