Preparing questions about the company
Answer:
sunk cost
Explanation:
Sunk cost -
It refers to the amount of money which is spend and can never be recovered back , is referred to as the sunk cost.
During the process of making any future decision , sunk money is never taken into consideration.
Hence, it differs from the future costs.
Therefore , from the scenario of the question,
The correct term is sunk cost.
Answer: -100
Explanation: 5,000 - 3,000 - 200, -1,900 =
Answer:
C. Debit Office Supplies; credit Cash
Explanation:
The journal entry is shown below:
Accounts Payable A/c Dr $675
To Cash A/c $675
(Being the payment of an account payable is recorded)
For recording this transaction, we debited the account payable account and credited the cash account as cash is paid so it reduces the cash account for $675 so that the correct posting could be done
Answer:
False
Explanation:
Credentials are an official verification, from an accredited source, attesting to capability. Credentials are an official verification, from an accredited source, attesting to capability.
