<span>Certification information is the security objective that allows trusted entities to endorse information.
Certification information is what credits people to be certified in teaching information to other employees and allowing the information to be accredited. To make sure the information is given out properly and is trusted, accurate information we need to make sure its certified and verified. </span>
<span>above equilibrium.
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(Make me brainliest if ya feel so)</span>
Answer:
The statement is: True.
Explanation:
For accounting purposes, cash is defined as every monetary instrument that can easily be converted into actual cash. Those instruments can be <em>coins, currency, checks, money orders, bank drafts, </em>or <em>Certificates of Deposit (CD), </em>to mention a few. In its most basic essence, cash is the default medium of exchange for goods and services to be traded.
Same question :
Kamau owned the patent of safety lock. Moses and Co. acquired the right to manufacture and sell
locks for seven years on the following terms:
a) Ofien0 and Co. to pay Kamau a royalty of Shs. 5 for each lock sold with a minimum ana
payment of Shs. 50,000. Accounts are to be settled annually on 31 December
n any year the royalty calculated on locks sold amounted to less than Shs. 50,000. Moses
and Co. is to have the right to deduct the deficiency from the royalty payable in excess of that
sum in the two following years. The number of locks sold was as follows:
Year ended 31s December:
2017 8,000
2018 9,000
2019 11,000
2020 18,000
Required:
Prepare the necessary ledger accounts to record the above royalty transactions in the books of Moses
and Co. which are closed annually on 31s December
i. Royalties Account
ii. Minimum Rent Account
ii. Short workings Account
iv. Kamau's Account
V. Profit and Loss Account