the correct answer is B. Cash advances require a lot of paperwork and are generally difficult to get.
just did the test, A. was wrong
An adjusting entry for accrued expenses involves a debit to an expense and a credit to a liability account.
What is adjusting entry?
Adjusting entries are made in journal entries especially when the financial year ends in order to make final adjustments. Thus, the expenses and revenues are recorded for the actual time period of their occurrence.
How the adjustment entry for an expense is recorded?
Wages expense A/c Dr.
To wages payable A/c
Hence, the recording of accrued expenses has to be made as soon as it arises as it is a liability to the business.
Learn more about accrued expenses here:
Answer:
Explanation:
The journal entry to record the accrued expense is shown below:
Example:
Wages expenses A/c Dr XXXXX
To wages payable A/c XXXXX
(Being the accrued expenses is recorded)
While recording the wages expenses, we debited the accrued expenses as it increases the expenses account and credited the wages payable account as the liabilities account is also increased
Answer: Control Systems
Explanation:
Control systems in business are procedures designed to evaluate, monitor, regulate, supervise and ascertain whether organisational strategies, plans and structures are working efficiently and effectively. It also ensure assets and resources are checked and well documented to avoid things going missing.
B. Emily Dickinson
C. John Donne
D. Gerard Manley Hopkins
(b) What are some of the benefits and problems with this idea of voting with your wallet? (hint: consider the idea that people who have bigger wallets get more votes)?
(c) Would it be fair to give people voting powers based on their wealth? For example, would it be fair for people who have between one and two million dollars get two votes instead of one vote (in an election), and people with between two and three million dollar get three votes etc...
Answer:
(a) Sure, the people can make corporations act in an ethically responsible way, in other words, Acting in ways consistent with what society and individuals typically think are good values.
(b) This speaks to corporate social responsibility, by voting the people are able to control the corporations in a way that makes them more socially responsible. Voting could also give people with bigger wallets, higher levels of control.
(c) No, it will not be fair; there has to be a cordial relations between the corporations and the people, hence if the people are given voting power based on their wealth, it could create some level of disunity.
Explanation:
(a) Sure, the people can make corporations act in an ethically responsible way, in other words, Acting in ways consistent with what society and individuals typically think are good values.
(b) This speaks to corporate social responsibility, by voting the people are able to control the corporations in a way that makes them more socially responsible. Voting could also give people with bigger wallets, higher levels of control.
(c) No, it will not be fair; there has to be a cordial relations between the corporations and the people, hence if the people are given voting power based on their wealth, it could create some level of disunity.