A ________ is an internal document (or file) that is used to accumulate information to control cash payments.
What will be an ideal response?
voucher
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Suppose the government grants a subsidy to its export firms that permits them to charge lower prices on goods sold abroad. The export revenue of these firms would rise if the foreign demand is
a. elastic in response to the price reduction. b. inelastic in response to the price reduction. c. unit elastic in response to the price reduction. d. weak.
After preparing a bank reconciliation, adjustments must be made for items reconciling the book balance.
Answer the following statement true (T) or false (F)
A company sold a machine that originally cost $90,000 for $28,000 cash. The accumulated depreciation on this machine was $47,000 at the time of the sale. What was the company's gain or loss on this sale?
What will be an ideal response?
________ is the process of forecasting future expenses and savings
A) Budgeting B) Planning C) Predicting D) Fortune-telling