The amounts for recording properties and services purchased by a business are determined using the cost concept.
<h3>Which principle determines the amount initially entered into the records for purchases?</h3>
A principle of accounting establishes the initial amount entered for purchases in the accounting records. According to the cost idea of accounting, all purchases of items (such as assets or items required for spending) should be recorded and kept in books at their original cost. Therefore, unless specifically indicated differently, it should be understood that an asset's value on a balance sheet represents its cost. Let's use the case of a company that pays cash or bank for a building worth $200,000. The worth of the building will be recorded in the accounting records using the cost concept of accounting, which equals $2,000,000. After four years, the building's worth increased to $1,000,000.
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Answer:
a. number of returns due to incorrect products shipped in response to orders.
Explanation:
AnaCarolina and Jaco, executive managers at Duke Manufacturing can use the number of returns due to incorrect products shipped in response to orders to determine appropriate performance metrics for the customer perspective of Duke's balanced scorecard.
The defective units in the production line will give a performance metrics with respect to customer's order.
HDI includes life expectancy, education and per capita income indicator, which is a measurement that is used to rank countries, therefore suggesting that when the lifespan of the country is high the country's score of HDI is also high and thus the education level is high and the GDP per capita is also high as well.
c is my answer to your question
Explanation:
and and I don't know if it's right or wrong
