D) Trial balance is not a financial statement
A) Balance sheet is a financial statement,It is were the assests and the liabilities are recorded.
B)Income statement is also part of the financial statement. It is were the income and expenses are recorded for an entire year
C) Owner's equity is nothing but the value of the owners oney in the businesses . This section comes under balance sheet
D) Trial balance . Trial balance is part of the nominal ledger(not the purchase or sales ledger) or either financial statement
Therefore the odd one out is D
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Answer:
The Answer is B.) Uncooperative or hostile children
Explanation:
The amount of the journal entry are as follows:-
Cash $15000
Accumulated Depreciation $10000
Equipment cost $35000
Loss on sale $10000
<h3>What is Depreciation?</h3>
An asset loses value over time as a result of use, damage, or obsolescence. Depreciation is the measurement for this decline.
The complete solution is attached below.
Depreciation, or a decline in asset value, can be brought on by a variety of other variables, such as bad market conditions, etc.
Thus the journal entry credit amount is Equipment cost $35000 and Debit amount of the journal entry are Cash $15000 Accumulated Depreciation $10000 and Loss on sale $10000.
Learn more about Depreciation here:
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Answer:
The average number of times inventory is sold during the period.
Explanation:
Inventory turnover by definition is the relationship between inventories and the cost of goods sold by a firm. It measures on average, how many times the inventory was restocked and sold in the operating period.
A higher number usually suggests a healthier operation cycle for a business.
It is measured by,
Inventory turnover = Cost of goods sold / Average inventory
Option 1 and Option 3 are related to the performance of accounts receivables. Option 3 is the closest to above mentioned definition. Option 4 is only measuring the inventory clearance time.
Hope that helps.
