Question
A company fails to accrue wages for march that will be
paid in April. The company’s year-end balance sheet liabilities:Solution
Accrued expenses are incurred but not yet paid or recorded. It should have been included in the liabilities side of the balance sheet in the accrued month. Also, as outstanding expenses in profit and loss statement. Without this entry, net income and owners’ equity are overstated, while liabilities are understated.
If ‘DOG’ = 78, then ‘BARK’ = (?)
Select the letter-cluster from among the given option that can replace the question mark (?) in the following series.
IUOX, JVPY, KWQZ, LXRA, ?
Answer the questions based on the information given below:
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Which of the following may be the code for “about fight" ?
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