Question
Accruals are recorded in the books of accounts
through:Solution
Accruals are transactions for which revenue or expenses have been earned or incurred but have not yet been recorded in the books. They are recognized through adjusting entries at the end of an accounting period to ensure that the financial statements reflect the correct revenue and expenses for that period. By making an adjustment entry, the company can match revenues and expenses with the accounting period in which they are earned or incurred, in accordance with the accrual accounting principle.
In the case of cost-push inflation, other things being equal:
Calculate the predicted value of X when Y is 20
X: 16, 54, 35, 25, 44, 51
Y: 5, 17, 11, 8, 14, 5
...When a firm operates with excess capacity
The impossible trinity is a concept in international economics which states that it is impossible to have all three of the following at the same time
Given the following data for an economy:
National Income: $700 billion
Depreciation: $50 billion
Indirect taxes minus subsidies...
Refer to the below table and calculate the NNPmp
A central bank decides to increase money supply. For a given price level, the LM curve is expected to
The optimal quantity of the Public good to be produced is given by
BPKP is about natural farming while in organic farming farmer can purchase inputs from outside.
(1) The demand curve is a horizontal straight ...
Which of the following statements is incorrect?
