Answer:
False
Explanation:
The preparation of journal entries is very important in transaction recording process, it is utilized in recording transactions either to the general ledger or via subsidiary ledger into the accounting system.
When preparing journal entries two fields are very important, the account title also called account name and the account number or account code. To prevent accounting or recording error, the account codes are selected using the drop-down menu which displays the account title or account name. This enables the account clerk to verify before posting.
Answer: D. code of ethics
Explanation:
Cofe of ethics are the principles that a company use in guiding its employees so that they can know what is either right or wrong according to the company. Code of ethics is typically used to guide workers and to protect them from doing anything that may portray the company in a bad image.
Since Ms. Martinez did not know how to respond to Mr. Tanner's gift, she thought an answer might be in her company's code of ethics. This will show her if collecting such gift is right or wrong.
Answer:
The answer is "$5500".
Explanation:
Analysis Differential:
Make Buy
Cost of variable
Fixed- cost
Purchasing cost
Cost of opportunity
Total relevant cost
Increasing operating income
Answer:
Gain in USD = 50000
Gain or Loss in EUR = 0
Explanation:
given data
investments = 500,000 euros
before euro = $1.20
now euro = $1.30
to find out
gain or loss in value of the inventory expressed in dollars and in euros
solution
we get Gain or Loss in USD = Euro amount × current exchange rate - Euro amount × old exchange rate ..................1
put here value
Gain or Loss in USD = 500000 × 1.30 - 500000 × 1.20
gain = 50000
and
Gain or Loss in EUR = current euro amount - old euro amount .......2
put here value we get
Gain or Loss in EUR = 500000 - 500000 = 0