Credit card bill from ABC credit have listed a number of expenses made, these needs to be posted according to the relevant accounting heads.
<h3 /><h3>What is Accounting?</h3>
Accounting is the calculation of cash, in other terms it is the study of debit and credit. The accounting teaches the treatment of different transactions, the transactions are divided in different heads, asset, expense, income, liability and capital.
T Accounts should be made as follows.
Assets
DR $1500 Computers
DR $650 Furniture
DR $334 Van Payment
Expenses
DR $420 Office Supplies
DR $250 Electric Company
DR $100 Water
DR $250 Office Supplies
Petty Expenses
DR $150 Steak House
DR $100 Fuel Stop
The expenses are distributed among the heads that they are relevant to, petty expenses only contains the payment for expenses that are immaterial in nature and amount, Asset account have the payments made for assets.
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The correct choices are;
<u>"A. knowing rights and responsibilities relating to money transfers </u>
<u>C. notifying the bank of lost credit or debit cards".</u>
The Electronic Funds Transfer Act is a government law that secures shoppers occupied with the exchange of assets through electronic techniques. This incorporates the utilization of charge cards, computerized teller machines and programmed withdrawals from a financial balance. The demonstration likewise gives a methods for rectifying exchange blunders and restricts the risk from any misfortunes because of a lost or stolen card.
Answer:
Federal Trade Commission
Explanation:
The Federal Trade Commission was established in 1941 by the Federal trade commissions Act. Its mandate is the enforce laws that prohibit anti-competitive business activities and protect consumers from deceptive and unfair trade practices. The commission seeks to have better customer decisions by promoting consumer awareness on fair business competitive processes.
FTC also seeks to protect consumers from misleading or false business advertisements. It investigates consumer complaints and prosecutes traders believed to have broken the law.
Answer:
double - blind experiments.
Explanation:
Double - blind experiment -
It is an experimental method , which helps to avoid any impartiality and any error due to biasing .
The experiment give rise to very accurate results , which is very important for any experiment .
Hence , the new director Margaret , need to design a set of double - blind experiments .