Answer:
Revenue and all their credit balances are transferred to the income statement and all the expenses and their debit balances are included in the income statement.
Explanation:
Keep it simple. In the income statement comes the savings from the operations of the company which means
Savings (Profit) = Revenue - Expenses
So the revenue credit balances and expenses debit balances must be reported in the income statement.
Answer:
Explanation: Kindly find attached the transaction
Answer:
Promoting right to work laws.
Explanation:
This is situation where by laws are put in place to stop firm from hiring alternative supply of labour so as to increase monopolistic power on wage determinant and increase of employment opportunities through unionism.
