Answer:
If a cheque was being issued to settle a account payable, the relevant entry is to debit the accounts payable account to show that the debt is being reduced. You will then credit the cash account to show that cash is being reduced as well because it was used to pay off the debt.
Date Account Title Debit Credit
XX-XX-XXXX Accounts Payable - Saurya Stores Rs. 39,000
Cash Rs. 39,000
Jacob is an example of a conformist follower. These kind of
followers are also known as the yes people. The explanation behind this is a conformist contributes
enthusiastically in a relationship with the boss but doesn't use critical
thinking abilities. In other words, a conformist naturally transmits out any
and all orders notwithstanding of the environment of the demand. The conformist
contributes willingly, but without seeing the costs of what he or she is being requested
to do. A conformist is worried only with evading conflict.
2) as opinions should be left out of factual articles and credible sources
<span>A life or health insurance policy is owned by an employee, but the premiums are paid by the employer: o The premiums are treated as taxable income to the employee. o The employer may deduct the premiums against business income as long as the premiums are a reasonable business expense.</span>
This implies that 2%/15 net 30 is a method of giving cash discounts on
purchases. What this means is that if the bill is paid within 15 days, there is
a 2% discount. Or else, the total amount is payable within 30 days. For instance,
if "$1000 2/15 net 30" is printed on a bill, the buyer can take a 2% discount ($1000
x .02 = $20) and make a payment of $980 within 15 days or pay the whole $1000 in
30 days.
