Answer: Option C
Explanation: In simple words, vouching refers to the process in which an auditor confirms that something is accurate and true as described earlier.
While performing auditing, the auditor performs the vouching function by physically counting the inventory and compare the count results with the statements that are presented by the firm to make sure that the documents are accurate.
Hence from the above we can conclude that the correct option is C.
Answer:
a. Accounts Payable—Smith Co.; Merchandise Inventory
Explanation:
We assume that Jones Co. purchased merchandise on account.
In order to record the purchase returns we do the following,
Smith Co, debit, since this is a payable account and credit by nature, we debit it to reduce the balance payable amount by the amount of inventory returned.
We also credit out merchandise inventory, since it is reduced and no longer has the returns accumulated.
Option A is the right answer.
Hope that helps.
Answer:
office memorandum.
Explanation:
An office memorandum is a written message used as a means of communication of policies, decisions or procedures issued by an appropriate authority to another within the same organization.
Simply stated, an office memorandum is used to issue instructions or for communicating an action or decision reached by the executive arm of an organization to another, such as subordinates within the same organization.
In this scenario, if Vice President Kim must tell Phuong that Phuong's employment ends within two weeks. The best channel of delivering this message is through the use of an office memorandum.
The office memorandum typically states the sender and who the recipient is in its header.
Also, the purpose of the memorandum is often stated with a declarative sentence of the subject matter.
Answer:
The correct answer is letter "A": generic problem recognition.
Explanation:
While talking about how consumers recognize problems, generic problem recognition refers to a marketing strategy by which different features of a product are promoted highlining the benefits it carries over satisfying the same need. The more features are presented of the product, the more chances to increase its market share.
Therefore, <em>by portraying consumers the different benefits of its soup, Campbell aimed to stimulate the generic problem recognition.</em>
A factory is any place where goods are produced or distributed or services are produced.
