Answer:
Dr Cash $150
Cr Interest Revenue $150
Explanation:
Based on the information given ifnThe bank statement included a CREDIT MEMORANDUM in the amount of $150 for interest which means that the journal entry will be :
Dr Cash $150
Cr Interest Revenue $150
Answer: Conservatism
Explanation: The conservatism concept can be ncept may be explained as an accounting principle which ensures that an organization tends to be very careful in handling its finances, with the conservatism concept, financial management often lean towards an approach which tends to play down future gains and concentrate more on potential chances of losses in the future. With such approach the organization tends to be very prudent in its financial management. In other words, conservatism shifts toward a tendency to understate its asset or income rather than overstate its asset.
Answer:
Purchasing Agent:
-Attend Conferences and trade shows to find new products
-Negotiate contracts with suppliers
Office Clerk:
-File paperwork according to a filing system in the office
-Type data into software to be used by the company
Freight Forwarder:
-Calculate the weight and volume of cargo
-Track shipments to make sure that they arrive on time
Explanation: I took the test.
Answer:
D. A checking account comes with a credit card.
Explanation:
A checking account is opened to facilitate regular bank transactions such as deposits, withdraws, cash transfers, payments, among others. There are no limits to the number of transactions that one can perform per period. Bank's fee and charges are applicable per transaction. To facilitate payments, withdrawals, and deposits, banks provide debit cards to customers.
Savings accounts are designed to help customers accumulate funds for future use. Banks limit withdrawals and offer interest payments to encourage customers to save. Savings accounts have fewer charges and don't come with debit cards.
