Livery of seisin was a ceremony of transfer of land title
Indicate whether the statement is true or false
True
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Journalize the following sales transactions for Power Equipment using the periodic inventory system. Explanations are not required.
July 1 Sold $4,200 of equipment on account, credit terms are n/30, FOB destination. July 5: Paid $90 on freight out. July 11: Received payment from the customer for the full amount due on the July 1 sale.
The role of the accountant/internal auditor in the conceptual design phase of the Systems Development Life Cycle includes all of the following except
a. the accountant is responsible for designing the physical system b. the accountant is responsible to ensure that audit trails are preserved c. the internal auditor is responsible to confirm that embedded audit modules are included in the conceptual design d. the accountant is responsible to make sure that the accounting conventions that apply to the module are considered by the system designers
If a customer is wrong, you have no alternative but to write a/an
A) Partial Adjustment letter. B) 100 Percent Negative Response letter. C) Bad News from a Company to a Customer letter. D) Complaint letter.
________ provides comprehensive long-term direction to help a business accomplish its mission.
A. Operational planning B. Enterprise resource planning C. Strategic planning D. Elemental cost planning