Answer:
D
Explanation:
The cost of retained earning is unrelated to cost of borrowing money and as such it will be unreasonable to compare the two. However, it's true that retained earning comes from past profit and it will be easier to plough back retained earning than going for external borrowing.
Yes one of the most important economic resources is money
In a purchases journal, the total of the <u>Office Supplies DR</u> column is not posted to the general ledger.
Office supplies cost is the amount of administrative materials charged to price in a reporting time period. Those items are charged to expense while used; or, if the value of supplies is immaterial, it's far charged to expense whilst the cost is initially incurred.
Office expenses, like workplace elements, are usually recorded as a fee in preference to an asset. Office prices are often intangible and consist of things including janitorial offerings, software subscriptions, office renovation, or even website maintenance.
A journal entry is an act of retaining or making facts of any transactions both financial or non-economic. Transactions are indexed in an accounting journal that indicates a corporation's debit and credit score balances. The journal entry can include numerous recordings, each of that's either a debit or a credit.
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Answer: The correct answer is "C. The extensive use of separate classifications.".
Explanation: One criticism NOT normally aimed at a balance sheet prepared using current accounting and reporting standars is the extensive use of separate classifications.
According to current accounting and reporting standards, excessive accounting account classifications cannot be used, but must be grouped into large traditional and common groups.
The answer to this question is "BASELINE". It is the term used to describe a benchmark used to make sure that a system provides and gives a minimum level f security across multiple applications and also across different products. This term baseline also refers and commonly known as the minimum or the starting point.