A market economy serves as an economic system in which economic activities is been controlled by individuals.
<h3>What is
market economy?</h3>
market economy serves as the economy that that gives country's individual citizens and businesses to be able to make decisions .
This decision could be pricing of goods and services which are been controlled by the interactions of a country's individual citizens.
COMPLETE QUESTION:
Explain market place economy
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The quadratic function that best models the developing economies' share of the global GDP as a function of the number of years
$900,000
Depreciation for the year $600,000
Employee bonuses $1,200,000
Total expenses for the year 1,800,000
Expenses to be reported in interim income statement 1,800,000=$900,000
Answer:
3. The transaction Analyze the transaction, enter transaction in a journal, transfer journal information to ledger accounts.
Explanation:
According to accounting recording process for transactions the sequence is as follows:
1. Prepare Transaction
2. Analyze the the transaction
3. Enter the transaction in the journal
4.Transfer it to ledger accounts
5. Prepare trial balance
6. Prepare financial statements
So the option 3 is correct.
