Every cooperation is usually guided by a set of individual the board of directors is the group of people elected to oversee the firm’s activities and ensure that management acts in the shareholders’ best interests.
<h3>Who are board of directors?</h3>
They are individuals that are elected by the shareholders of a company usually to govern and oversee the affairs of the cooperation.
They make decisions on behalf of the stakeholders.
Therefore, board of directors is the group of people elected to oversee the firm’s activities and ensure that management acts in the shareholders.
Learn more about board of directors here
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Answer:Alan journal $. $
Date. Description Dr. Cr
July 31,19 suta tax Dr. 2,113
Bank. Cr. 2,113
Narration. Payment of outstanding tax
The payment that are cash related can be posted through a bank or cash account as a book of original entry for cash, if however they are posted through a journal the same objective can be achieved.
Answer:
Final Value= $4,272.13
Explanation:
Giving the following information:
Felipe deposited 4000 into an account with 2.2% interest, compounded quarterly.
First, we need to calculate the quarterly interest rate:
Interest rate= 0.022/4= 0.0055
Now, we can calculate the final value:
FV= PV*(1+i)^n
FV= 4,000*(1.0055^12)= $4,272.13
Answer:
(1)=A (2)=D
i just need to fill up this space to answer~
Answer:
Explanation:
The journal entry is shown below:
Petty cash A/c $200
To Cash A/c $200
(Being the petty cash fund is established)
Simply we debited the petty cash account and credited the cash account so that the correct posting can be done with the correct item and the correct value.
All other information which is given is not relevant. Hence, ignored it
