Answer:
Virtue ethics
Explanation:
Virtue ethics are defined as normative ethical theories which is centered around virtues of the mind, character, and a total sense of honesty.
The answer would be true as you don't know what has been done with it
Answer: Depreciation or consumption of fixed capital
Explanation:
The National Income is the total income earned in a country in a given period thereby making it the GDP because it is assumed that all income in the economy is spent on the expenditures in the same economy.
When calculating the National Income, the depreciation or consumption of fixed capital is not included. Included rather are things like; Rent, Profits/losses, Wages and Pensions.
A journal entry is used to record a business transaction in the accounting records of a business.
A journal entry is usually recorded in the general ledger. Alternatively, it may be recorded in a subsidiary ledger that is then summarized and rolled forward into the general ledger. The general ledger is then used to create financial statements for the business.
The logic behind a journal entry is to record every business transaction in at least two places which is known as double entry accounting. For example, when you generate a sale for cash, this increases both the revenue account and the cash account. Or, if you buy goods on account, this increases both the accounts payable account and the inventory account.
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