Answer:
D. A complete record of all transactions in chronological order from which transaction amounts are posted to the ledger accounts.
Explanation:
A general journal -
It refers to a notebook , which helps to list all the transactions , any accounting information , in a regular manner , is referred to as a general journal .
The journal is used to get the information or data from the past for a specific date and time .
This enable to collect the data in a brief and precise manner .
Hence , from the given information of the question ,
The correct option is D.
Answer:
Very small or no dividend
Explanation
Dividend is simply the distribution of profit made by company, firm e.t.c to its shareholders. Most startup company do pay little dividend due to the profit outcome but others do not. It is necessary to pay dividend to shareholders as it shows your devotion and commitment to look after and be in one mind with investors.
most companies that are just startups do not pay a dividend mostly during the early stage of growth. The revenue derived from startup is used to grow and develop the company and not to share with shareholders but sharing little is not bad a all.
Answer: The answer is A ensuring borrowed funds were invested in long-term productive economic assets
Explanation:
Public debt otherwise known as national debt refers to the sum total of the debt owed by the government of a country both internally and externally. .In the case of this country they obtain a long term loan to reposition their economy and create gainful employment opportunities for their citizen.
This means that the country has a long term debt which resulted from the long term loan taken for financing capital project such as upgrading of the water treatment plant.and the development of efficient rapid transit system.. This investment in such project is capable of generating revenue to the government which the government can then used in the repayment of the loan.
Answer:
$20 will be recorded as the 2018 expenditure.
Explanation:
In this case, $500 is the remaining in the General Fund for 2017 fiscal year in encumbrances that remained opened into fiscal year 2018.
In 2018, since encumbered goods were received at an invoiced cost of $520, $20 will be recorded as the 2018 expenditure after deducting the carry-forward of 2017 encumbered fund balances of 2017.
First balances carry-forwarded are utilized and then the funds allocated to the General fund for the current fiscal i.e 2018 is utilized. Hence the actual amount that would be recorded as the 2018 expenditure will be $520 - $500 carry forward from 2017 = $20.
The Household line represent the flow of final goods and services and consumer spending while the Business line represent the flow of rent, wages, interest, and profits.
<h3>What is the circular flow diagram?</h3>
This is an economic diagram that illustrate the flow of money through the economy.
The four parts of the circular flow diagram includes:
- individuals,
- firms,
- market for goods and services,
- market for factors of production.
In conclusion, these economic diagram illustrates the system functions through the interactions of households and firms.
Read more about circular flow diagram
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