Answer:
c. A debit to Salaries Payable and a credit to Cash.
Explanation:
As on December 31, entry to record the expense of Salaries which is accrued and not paid is
Salary A/c Dr.
To Salaries Payable
Now on the closing date, of previous year there is a liability outstanding of Salary Payable.
In the next year on 5th January the salary outstanding in opening balance sheet is paid.
For this, the payment will be made and accordingly, cash will be reduced.
Accordingly liability will be reduced for this, liability will be debited.
Therefore, correct option is
c. A debit to Salaries Payable and a credit to Cash.
Answer: Option (a) is correct.
Explanation:
The complimentary goods are the goods which are used together to satisfy a given want. There is an inverse relationship between the price and demand of complimentary goods.
Suppose there are two complimentary goods such as computers and printers. So, an increase in the price of computers will lead to reduce the demand for printers because both are used together. Hence, there is a fall in the quantity supplied of printers. Alternatively, a decrease in the price of computers will lead to increase the demand for printers because both are used together.
Answer:
True
Explanation:
Mutually exclusive is a situation where two projects cannot be incorporated together. These are independent projects which needs to be selected based on their risk and return. The first step is to list the projects according to their initial investments.