Some accounting errors that cause the difference between the debits and credits columns of the trial balance are as follows:
- Data entry errors
- Errors of omission
- Errors of commission
- Errors of transposition of one side of the entry
- Compensating errors
- Errors of duplication
- Errors of principle
- Errors of entry reversal
These errors are called accounting discrepancies. They are not intentional mistakes, but they often occur.
Thus, to forestall accounting errors, every company requires good accounting software to record its transactions, while the accounting staff should be adequately trained.
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Answer:
The correct answer is Debit Unearned Plowing Revenue
Explanation:
Earlier the journal entry would be recorded as:
Cash A/c.................................................Dr $4,000
Unearned Plowing Revenue A/c..............Cr $4,000
But the correct entry that should be recorded is:
Cash A/c.................................................Dr $4,000
Plowing Revenue Earned A/c..............Cr $4,000
So, in order to pass the adjusting entry, we should debit the Unearned Plowing Revenue in order to reconcile or nill the same account by debiting.
If each week radio reaches 94
percent of adults and 91 percent of teenagers, to get the average percentage it
gets every week- with adults and teenagers, we have to add the two values and
then divide them by two. So 94 + 91 is equal to 185 divided by 2 is 92.5% or
93%.
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There is no way to resolve the conflict between commercial business goals and those of social innovation. Social innovation follows a different process to more commercial forms of innovation. Whilst empathy and a need for social justice may be necessary attributes of a social entrepreneur, they are not sufficient. so true.
The type of business plan that is primarily used by the owner and other employees to organize the structure, finances, and future growth plans is the lean business plan.
<h3>
</h3><h3>What is a lean business plan?</h3>
Corresponds to a document where the essential characteristics are laid out for a business to be well positioned and competitive in the market. It contains the strategy, tactics and execution so that the objectives and goals are achieved in the medium and long term.
It is essential that organizations develop a lean business plan that is targeted to their needs and aligned with their market demands.
Therefore, the lean business plan assists in the continuous management to achieve quality, structure and effective systematization of processes.
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