The Cash Over and Short account:
A) Is used when the cash account reports a credit balance.
B) Is used to record the income effects of errors in making change and/or processing petty cash transactions.
C) Is not necessary in a computerized accounting system.
D) Can never have a debit balance.
E) Can never have a credit balance.
B) Is used to record the income effects of errors in making change and/or processing petty cash transactions.
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Vern Corp sold merchandise to a customer on credit. The invoice amount was $2,000; the invoice date was June 10; credit terms were 1/20, n/30 . Which one of the following statements is true?
a. The customer must pay a $20 penalty if payment is made after July 9. b. The customer should pay $2,000 if the invoice is paid on July 9. c. The customer must pay $2,020 if payment is made after June 20. d. The customer can take a $20 discount if the invoice is paid on June 30.
In Thornton’s 2012 survey of nonprofit boards, what activity was identified as the most important responsibility of boards?
A. accountability B. strategic planning C. ensuring effective programs D. maintaining the organization’s reputation
A paralegal should always run a conflict check on themselves whenever a practice gains a new client
Indicate whether the statement is true or false
What does it mean to say that strategy practice is ‘performative’?
a. It produces performance art from real-life stories b. It produces realities from theoretical knowledge c. It produces plays from analysis d. All of the above