Answer:
The transaction recorded are shown in the below table.
Explanation:
According to the scenario, the following transaction according to the perpetual system can be recorded as follows :
Date Particulars Debit Credit
Feb.9 Purchase Inventory $54,000
Accounts payable $54,000
Mar.7 Accounts Receivable $74,000
Sales inventory $74,000
Mar.7 Cost of goods sold $54,000
Inventory $54,000
I need to answer more questions to pm so i’m doing this
True it will cause a movement
Answer:
C. Involves statements that can be proven true or false
Explanation:
Positive Economics includes objective statements, based on factual data, describing 'what actually is'. The statements describe economic issues & cause - effect relationship, can be tested or proved.
Eg : The inflation rate in India in 2019 was xyz %.
The statement is a factual data description of an actual economic issue, which can be tested.
